On January 27, 2015, AT&T released their 2014Q4 results.  They beat forecast with a quarterly net loss that was slightly slimmer than Wall Street expected.  But perhaps more interestingly, AT&T confirmed that they expect to spend about $18 billion for capital expenditures (capex) in 2015. That forecast corresponds to slightly more than a $3 billion decline from the $21.4 billion spent in 2014.

This is not really new, as AT&T had previously stated that they expected to reduce their capex this year.  See http://www.truepulse.com/att-reduce-capex-2015/  But it is still not not great news for hardware manufacturers such as Ciena, Cisco, Fujitsu and Alcatel-Lucent.  Not great news for telecom equipment broker TruePulse either.

For more details on the AT&T announcement, see http://about.att.com/story/att_fourth_quarter_earnings_2014.html/