ATN International down; co says lead cables not major part of its network

ATN International

21/07/2023 18:35

** Shares of digital infrastructure and communications
services co ATN International  ATNI.O  down 1.7% at $35.72
    ** Co completes preliminary assessment of legacy lead-sheath
telecom cables in its network
    ** Estimates, in U.S. and its territories, its network
contains less than 10 miles of lead-sheathed copper cables 
    ** Outside of U.S., estimates just over 20 miles of
lead-sheathed copper cables
    ** Says substantially all such cables are within conduit
buried underground and are not located underwater
    ** Earlier this month, shares of AT&T also bounced back
after co said lead cables made up only a small part of its
wireline network
    ** As of last close, stock down ~25% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))