This video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.

AT&T has one of the largest telecommunications networks in the world, but it still faces stiff competition from Verizon. David is worried that it'll be pretty tough for AT&T to innovate and grow over the long term. Even with its fabulous yield, David is unsure that the company will be able to beat the market over the next five years.

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