• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Investigation Reveals Toxic Lead-Covered Cables Damaging Telecommunications Companies

August 20, 2023 by Forex Winner Leave a Comment

Shares of major telecommunications companies, including AT&T, Frontier Communications, and Lumen Technologies, continued to plummet following a recent investigation by The Wall Street Journal. The investigation shed light on a concerning issue: U.S. phone companies have neglected a network of cables containing toxic lead.

This revelation sent AT&T’s stock tumbling by 6.8%, reaching its lowest level in three decades. Frontier shares also experienced a significant drop of 15% to $12.15, while Lumen’s stock fell by 5.4% to $1.75. Verizon Communications wasn’t spared either, with shares falling by 7.7% and heading towards their lowest close since 2010.

These losses come as an extension of declines in the telecommunications sector from the previous week. The combined market capitalization of AT&T, Verizon, Lumen, and Frontier has shrunk by a staggering $18 billion since the initial publication of the WSJ’s story. MoffettNathanson analysts Craig Moffett and Nick Del Deo anticipate further decline, stating, “We could see what amounts to a general telecom buyer’s strike for some time.”

In response to the investigation, both AT&T and USTelecom, an industry group, have launched webpages disputing the environmental and public health repercussions of the lead-covered cables. USTelecom stated, “We have not seen, nor have regulators identified, evidence that legacy lead-sheathed telecom cables are a leading cause of lead exposure or the cause of a public health issue. And safe work practices within the telecommunications industry have proven effective in reducing potential lead exposures to workers.”

This unsettling news has cast a dark shadow over the telecommunications industry, with investors questioning the integrity and responsibility of these companies. As the situation develops, it remains uncertain how long the impact of this crisis will linger.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: cables, public health, stock market, telecom industry, toxic lead

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Dogecoin (DOGE) Realized Profits Soar 225% in 24 Hours

May 22, 2025

AML Agency Tells Russians: Crypto Exchanges Send Us Your Data

May 21, 2025

Fresno car dealership owned by former MLB pitcher allowing Bitcoin as form of payment

May 20, 2025

Footer

Forex Broker Reviews

simplefx

SimpleFX Review

December 19, 2019 By Forex Winner

FXTM

FXTM [ForexTime] Review

August 9, 2019 By Forex Winner

hycm

HYCM Review

September 9, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure