By Telephone and Data Systems, a prominent telecommunications company, has recently uncovered a significant issue within its network infrastructure. Through a thorough assessment conducted by its subsidiary, the company has identified approximately 10 miles of lead-covered cables spread across the country.
Recognizing the urgency of the situation, the company is diligently working on devising appropriate measures to tackle the presence of these hazardous cables within its network. It emphasizes its commitment to complying with all relevant local, state, and federal regulations in every region it serves.
This revelation follows an investigative report by The Wall Street Journal, shedding light on the widespread problem of U.S. phone companies neglecting obsolete cables that contain toxic lead. Consequently, the telecommunications industry has been grappling with the consequences of this alarming issue.
The repercussions of the Journal’s investigation have had a significant impact on stock prices within the telecommunications sector. Telephone and Data Systems’ shares experienced an 8.4% decline, closing at $7 during Monday’s regular trading session. Additionally, other telecom giants such as AT&T, Frontier Communications, Lumen Technologies, and Verizon Communications also endured a drop in share prices.
The need to address this lead cabling issue promptly has become an urgent priority for the telecommunications industry as a whole. With safety and compliance as top priorities, companies are compelled to confront this challenge head-on and take necessary actions to protect the well-being of their networks and customers.
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