AT&T Gets a Do-Over. But It Doesn’t Have Much Time.
Once it sheds its media business, AT&T will be a smaller, less-indebted company devoted to selling cellphone plans and broadband internet access. In other words, customers and investors will see an AT&T much like the one that existed before its foray into streaming video and satellite TV. But its rivals haven’t been sitting still. “AT&T has a lot of catching up to do,” said Craig Moffett, a longtime telecom analyst at industry research firm MoffettNathanson LLC. “They’re almost certain to be a third player in a three-horse race.” AT&T is still the country’s No.