AT&T's stock fell 6.8% in trading, touching its lowest level in some 30 years. Frontier shares fell 15% to $12.15 and Lumen's stock dropped 5.4% to $1.75. Verizon Communications shares fell 7.7% and were on pace for their lowest close since 2010. AT&T and USTelecom, an industry group, have created webpages disputing the environmental and public health impacts of the lead cables. And safe work practices within the telecommunications industry have proven effective in reducing potential lead exposures to workers," a USTelecom spokesperson said Monday.

Source: Wall Street Journal July 18, 2023 01:05 UTC