With a mega-merger like AT&T (T)/T-Mobile (DTEGY.PK) getting started, "the capex cake will...

|By:, SA News Editor

With a mega-merger like AT&T (T)/T-Mobile (DTEGY.PK) getting started, "the capex cake will not grow long-term," says Swedbank as analysts predict crimped margins and fewer orders for equipment suppliers like Ericsson (ERIC), Nokia Siemens (NOK, SI) and Alcatel-Lucent (ALU). Margins are higher in the U.S. to begin with, and a behemoth mobile firm would have power to demand lower prices on infrastructure.