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Story summary
- AT&T shares fell 3.9% after Oppenheimer analysts warned that satellite internet threatens the company's long-term broadband subscriber growth.
- Oppenheimer noted that AT&T has greater exposure to the home-internet market than its telecom peers.
- AT&T aims to extend fiber-optic service to 60 million homes by 2030, though analysts expect the rollout may stop near 50 million.
- Analysts say satellite providers could pull 2 million AT&T subscribers each year, adding up to 4 million by 2030.
