The outbreak of the COVID-19 pandemic is unlikely to slow the pace of capital spending aimed at building out 5G wireless networks in the US, according to a recent report by Fitch Ratings.
“Although wireless leaders Verizon, AT&T and T-Mobile will face revenue pressures resulting from reduced business and consumer demand, still adequate cash flow and liquidity flexibility should support a continuation of planned 5G capex and broader introduction of 5G service later in the year,” Fitch Ratings note said.
