The 2015 Capital Expenditure glut is one to remember beyond the damage done to the energy sector.
Morgan Stanley's Simon Flannery highlighted the important takeaway from last weeks earnings reports: the material cut in CapEx at AT&T Inc. T and Verizon Communications Inc. VZ.
AT&T will be cutting CapEx for 2015 by 15 percent following a 33 percent year-on-year drop according to April 23rd's 8-K.
Flannery attributes the contraction to a return to seasonal CapEx trends and also says 'higher leverage is another factor encouraging spending discipline.'
Sprint Corp S still remains the wild card when it comes to tower operators CapEx as the company continues to have discussions about taking on more aggressive upgrade programs in 2015.
Shares of AT&T and Verizon are roughly flat in mid-day trading and Sprint is trading up roughly 0.38 percent to $5.29.
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