NEW YORK ( TheStreet) – With year-to-date gains of 9.8%, the telecom industry has been a relative disappointment, according to research firm Fidelity.
The sector, albeit outperforming the Dow Jones Industrial Average's
But before we get to that, let's take a look at some of the biggest headlines in 2014.
AT&T's (T) $48.5 billion deal for satellite TV provider DirecTV (DTV) , announced in July, was the first real sign of how serious AT&T has become in restoring its growth and diversifying its business.
Assuming that this deal gains regulatory approval in 2015, AT&T shares can reach $40 at some point during the year -- a much needed boost given its growth has slowed over the past couple of years. This merger can help AT&T grow both its base businesses and smartphone business, which makes up over 90% of the company's phone sales.
Meanwhile, where AT&T is looking to succeed, its smaller rivals have stumbled.