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AT&T stock fell to 29-year low on Friday and sank another 6.7% today (arstechnica.com)

submitted 1 year ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 3 points 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.