AT&T Says Outage Was Not Due To A Cyber Attack, Confirms Service Has Been Fully Restored
Portfolio Pulse from Rounak Jain
AT&T (NYSE:T) experienced a nationwide service outage affecting calls, texts, and data, including 911 access, which was resolved within a day. The outage, caused by an internal error and not a cyber attack, impacted users across the U.S. The FCC is investigating the incident, and AT&T is taking steps to prevent future occurrences. Other carriers like Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS) were unaffected.
February 23, 2024 | 7:33 am
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NEUTRAL IMPACT
AT&T resolved a nationwide service outage caused by an internal error, not a cyber attack, affecting calls, texts, and data.
The resolution of the outage and AT&T's proactive measures to prevent future incidents may reassure investors, but the FCC's ongoing investigation could create uncertainty. The impact on stock price is likely neutral in the short term as the situation stabilizes.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
T-Mobile US Inc. operated as usual and was not affected by the nationwide service outage that impacted AT&T.
T-Mobile's ability to maintain service while AT&T faced a nationwide outage may enhance its reputation for reliability, potentially boosting investor confidence and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Verizon Communications Inc. was unaffected by the nationwide service outage that impacted AT&T and other carriers.
Verizon's unaffected status during the AT&T outage may be viewed positively by investors, potentially leading to a slight uptick in investor confidence and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50