California regulators deny AT&T's bid to end status as carrier of last resort [CBS News]
AT&T Inc. (T)
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Source: CBS News
Meanwhile, a new bill in the state Legislature would revise the requirements for any company to be designated the COLR. The COLR is a cornerstone of utility regulation. It obligates a carrier to provide basic service to all customers within their territory no matter where they live. It can provide telephone service over any technology, such as copper, fiber, cable, voice over internet protocol (VoIP is a combination of copper and fiber), or wireless cellular. AT&T California has held that designation since 1996. It planted utility poles and strung copper telephone wire throughout the state. In March 2023, the company applied to the CPUC to be released from the designation, adding that the cost of maintaining a copper network for less than 5% of their territory had become too costly. "To satisfy its COLR obligation to provide basic telephone service, AT&T California still operates a legacy network composed of copper lines and antiquated circuit switches," the application said.
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News
- AT&T, Verizon and T-Mobile Users Hit by Service Outage in Europe [The New York Times]The New York Times
- Massive AT&T, T-Mobile and Verizon outage for US customers traveling abroad [CNN]CNN
- AT&T's Next Up Anytime Add-On Will Let You Upgrade Your Phone Multiple Times A Year [CNET News]CNET News
- Massive AT&T, T-Mobile and Verizon outage for US customers traveling abroad [Yahoo! Finance]Yahoo! Finance
- Massive AT&T, T-Mobile and Verizon outage for US customers traveling abroad [CNN]CNN
T
Earnings
- 4/24/24 - Beat
T
Sec Filings
- 6/24/24 - Form 11-K
- 6/24/24 - Form 11-K
- 6/24/24 - Form 11-K
- T's page on the SEC website