A&T To Cut 2015 Cap Ex 14%; Shares Of Suppliers' Sink

Key telecommunications suppliers fell Monday after AT&T Inc. T said its spending on infrastructure would fall 14 percent next year.

In a filing on Friday, AT&T forecast 2015 capital spending on existing businesses in 2015 would be about $18 billion vs. $21 billion in 2014.

ADTRAN, Inc. ADTN fell 6 percent, while Ciena Corporation CIEN lost 6.5 percent.

Alcatel Lucent SA ALU dropped 3.7 percent, Juniper Networks, Inc. JNPR declined 1.4 percent and Cisco Systems, Inc. CSCO was off 1.3 percent.

AT&T said it expects 2014 to be its peak investment year for "Project VIP," an effort to expand its broadband services, while its Wireless and Wireline segments' spending for the current year will be flat compared with 2013.