AT&T, Verizon, Frontier, and Lumen all get hammered after lead-cable reports.

AT&T’s stock price hit a 29-year low on Friday and continued to sink today as investors fled telecom stocks on reports that cleanups of lead-covered telephone cables could cost the industry tens of billions of dollars.

  • ghostinthessh@lemmy.sdf.orgEnglish
    3·
    1 year ago

    ISPs and telecoms are natural monopolies. The state owning them would probably improve the options many people have access to. Also state owned does not have to mean it is owned by a federal or even state government. It can be owned by smaller units of organization. Furthermore there can be vendoring out of the parts that a private market is more competitive for (such as equipment).