By Ambrish Shah; Market Realist ~  Feb 04, 2020

AT&T (NYSE:T), the second-largest wireless carrier in the US, provides wireless, pay-TV, entertainment, media, and advertising services. On January 30, MoffettNathanson analyst Craig Moffett said that the company will break up over time. He stated that the telecom company would eventually spin off its media and telecom business.

Heading for a breakup

According to a CNBC report, Moffett said, “I think if you take your crystal ball and look out a little bit, it’s hard to see that portfolio staying together forever.” He also said, “Somebody is going to come into AT&T eventually and — whether it’s in three years, five years, whatever — they’re going to have to break that company up.”