AT&T investors await management comments on financial and legal liability for lead-clad cables abandoned long ago, potentially contaminating soil and water sources in the US. Share prices have yet to recover from a three-decade low after a Wall Street Journal report exposed toxic lead cables left behind by telecom giants. AT&T seeks to allay concerns but faces uncertainty. New York Governor orders a health risk investigation. Cleanup costs could range from near-zero to tens of billions, impacting stock and generating downgrades. Competition from T-Mobile adds to challenges. Investors focus on free cash flow and Q2 revenue, which is expected to increase 1% to $29.94 billion.
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