An activist investor’s attempt to force a strategy revamp at AT&T Inc. spotlights the diverging paths the two largest U.S. wireless carriers have taken in search of growth.
Elliott Management Corp.’s detailed criticism Monday of decisions made by AT & T’s leaders effectively praises rival Verizon Communications Inc.’s focus on upgrading its wireless network over becoming a media giant .
Now T-Mobile has agreed to buy Sprint, the U.S. wireless industry is about to be dominated by three major players. But how did we go from the days of one giant landline monopoly to four competitive cell companies? Illustration: Shaumbe Wright / WSJ (Originally Published May 1, 2018)