Verizon and T-Mobile Face Valuation Pressures from SpaceX
Verizon Communications (NYSE: VZ) and T-Mobile US (NASDAQ: TMUS) face 29% to 32% valuation risks as SpaceX (SPCX) advances plans to build a fourth nationwide wireless carrier by seeking access to at least 80,000 U.S. cell sites.
If telecom operators face extended valuation compression from new network entrants, watch and for downside risk while tracking infrastructure providers like and for potential lease revenue upside.