AT&T shares are trading higher after the company said less than 10% of its nationwide copper-wire telecom network has lead-clad cables in response to a last week story.
Portfolio Pulse from Benzinga Newsdesk
AT&T has announced that less than 10% of its nationwide copper-wire telecom network consists of lead-clad cables. This announcement comes in response to a story from last week. The company's shares are trading higher following this news.
July 19, 2023 | 9:11 am
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AT&T's shares are trading higher after the company clarified that less than 10% of its telecom network has lead-clad cables.
AT&T's announcement about the limited presence of lead-clad cables in its network is a positive development. This could alleviate concerns about potential health and environmental risks, which may have been affecting the company's stock price. The news is directly related to AT&T and is likely to have a positive impact on its stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100