Mark my words this debt problem is a disaster waiting to happen. I generally don't care much about the concerns of shareholders, but the fact is that the only reason why this hasn't become a problem already is that company generates a good amount of revenue resulting in good free cash flow. But for how long? AT&T put all of its eggs in one basket, betting on the streaming service and 5G. What’s going to happen if the streaming service doesn’t turn out to be the golden goose that everyone it would be? We all know that it will take a couple of years for 5G revenue to start seriously pouring in. These are some dangerous times that we are heading towards.
https://seekingalpha.com/article/4230466-investors-tired-and-ts-debt-problem