Flyer, the cheap off brand companies in the US are mostly just fronts for the big 4.
ATT is one of the few US stocks I am long. Their market could certainly decline slowly due to discounting. And I hope they don’t borrow a ton of money for a 5G network buildout that people don’t actually care enough about to pay an extra $5 a month.
Even if they do soon enter a slow decline, their shares are cheap with very solid and consistent profits.