AT&T Inc., Lumen Technologies Inc., and Verizon Communications Inc. Phone companies trim their expense for network expansion. These companies were increasing their expenditure t offer lightning-fast fiber-optic internet service across the US. The major reason for their cutback was because of the increasing costs and economic uncertainty.
Another reason for trimming the expense is the end of low-interest rates and reducing demand.
Read More: Verizon, AT&T Scale Back Fiber Rollout for Fast Internet Amid Slowing Economy
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