This is great, there are many competitors for content and streaming. It make no sense to have AT&T offer streaming services. AT&T strength is the large Fiber Route network to deliver the internet. AT&T has the largest Fiber Route network to deliver internet in the USA, so stick to their strength and stay out of a high cost, competitive business that appears to have peaked. No one will be able to compete with AT&T, the money, time, permits and etc to start laying fiber or installing 5G to reach customers is very difficult for a new entry.
Bottom line, many streaming services but limited options to get those services to the end user.
AT&T stock went up on the news.......