"Last year, postpaid subscriber losses at Sprint and T-Mobile equated to some 50% of postpaid net adds at Verizon and AT&T," Simon Flannery, a Morgan Stanley telecoms analyst, wrote in an April 17 note to clients.
"We believe that this trend may be peaking, and that consensus may be too optimistic on 2013 subscriber growth
Verizon and AT&T also face tough year-over-year earnings comparables given the impact of handset subsidies and sharp 2012 share price gains."While we expect a solid report, we maintain our Hold rating in light of
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