AT&T, Verizon, Frontier, and Lumen all get hammered after lead-cable reports.

AT&T’s stock price hit a 29-year low on Friday and continued to sink today as investors fled telecom stocks on reports that cleanups of lead-covered telephone cables could cost the industry tens of billions of dollars.

  • kaknife@lemmy.worldEnglish
    61·
    1 year ago

    Typically, the last mile is often not fiber. Telecoms are generally required to continue non-voip land line service. Its one of those regulations that, despite having good intentions, end up causing issues.

    • grue@lemmy.worldEnglish
      3·
      1 year ago

      Telecoms are generally required to continue non-voip land line service.

      Nah, I can personally confirm that that’s no longer correct. My house didn’t have analog telephone service but still had a phone line running to it, until one day a few years ago I went outside and noticed that AT&T had taken the wire clear off the pole and left it laying in my yard. They clearly have no intention of ever providing such service in my area again, even if somebody wanted it.