AT&T Inc
XMUN:SOBA
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Economic Moat
AT&T has a narrow economic moat
Exclusive rights to use licensed radio frequencies stop newcomers from simply copying AT&T’s wireless coverage; they must first obtain suitable rights of their own. This protects AT&T mainly against new entrants, while established wireless carriers and cable companies remain strong competitors.
What protects AT&T from competitors
Intangible Assets
AT&T’s wireless licenses give it exclusive rights to use particular radio frequencies in specified areas, and domestic renewals have routinely been available at little cost. A new rival cannot use those same frequencies without permission, making access to suitable licenses a lasting barrier to building a competing network.
What could weaken AT&T's moat
1 risk to watch
What could happen to the source of the moat and how it would weaken it
