Federal Communications Commission Says AT&T Wireless Outage In February Blocked More Than 92M U.S. Calls, Prevented More Than 25,000 Attempts To Reach 911
Portfolio Pulse from Benzinga Newsdesk
The Federal Communications Commission (FCC) reported that an AT&T Wireless outage in February blocked over 92 million U.S. calls and prevented more than 25,000 attempts to reach 911.
July 22, 2024 | 4:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The FCC's report on AT&T's outage may have a minor impact on the broader market, as represented by SPY, due to potential regulatory actions against a major telecom company.
While the news is significant for AT&T, its impact on the broader market, as represented by SPY, is likely to be minimal. However, any regulatory actions against a major telecom company could have a slight ripple effect.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEGATIVE IMPACT
The FCC reported that an AT&T Wireless outage in February blocked over 92 million U.S. calls and prevented more than 25,000 attempts to reach 911. This could lead to regulatory scrutiny and potential fines for AT&T.
The significant number of blocked calls and failed 911 attempts could lead to regulatory actions against AT&T, including fines and increased scrutiny, which may negatively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100