Financials AT&T has said it is “committing more than $250 billion over five years to build the best and largest network.” This figure was likely chosen to honor the 250th anniversary of the signing of the Declaration of Independence in the US and is a little misleading since it is not a massive capex increase. The plans equate to $50 billion a year in spending, which also includes payroll and running costs, alongside capex. AT&T will spend between $23-24 billion a year for the 2026-28 period. Global telecoms equipment revenues declined by 14% between 2022 and 2025, according to Dell’Oro, and increased by 4% in 2025. The research firm forecasts growth of 2-4% for 2026. Growth will be driven…