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Technology Stocks : Verizon Communications (VZ)

VZ 44.18

+0.7%

2:22 PM EDT

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From: John Hayman	1/24/2024 6:35:45 PM
	1 Recommendation Recommended By Ms. Baby Boomer Read Replies (1) of 2063

For 5G vendors in the US, the worst may be over Mike Dano January 23, 2024 After a bigger-than-expected drop in demand among US wireless network operators in 2023, 5G equipment vendors are now hoping for an uptick in sales in North America to kick off 2024. 2023 was a tough year for 5G equipment suppliers, particularly in the US. American wireless network operators cut back spending far more than expected, forcing companies ranging from Ericsson to Crown Castle to issue warnings, reduce expenses and cut jobs. But according to some analysts, things are looking better in 2024. "It appears that activity levels may have stabilized and are showing some early signs of improving trends," wrote financial analysts at Morgan Stanley in a recent note to investors. The firm cited the results of its recent survey of cell tower operators in the US, which showed rising optimism amid improved sales. "These results are encouraging after a couple of tough quarters for the industry." lightreading.com

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