AT&T's Facing a Big Catch-22

AT&T's Facing a Big Catch-22

AT&T (NYSE: T) needs to spend money to keep up with its competitors, but it doesn't have money to spend. It could fill a weak point for AT&T in its spectrum portfolio compared to rival T-Mobile (NASDAQ: TMUS). For all its marketing about 5G coverage and speeds, AT&T's 5G network is practically useless in its current state.