Telecom, Cable Face Some 2023 Economic Challenges: S&P
Telecom and cable should "hold up reasonably well relative to other corporate sectors but it is still not completely insulated from an economic deceleration" and rising interest rates, S&P said Monday. It said wireless service revenue and subscriber growth will…
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likely moderate in 2023. It said it had "a cautious outlook" for U.S. wireline operators, and issues including higher interest costs, elevated capital spending and supply chain constraints could mean higher debt, while capital market constraints could make it difficult to access funding for wireline. It said cable operators might need to cut back on shareholder returns.