Insightful Analysis of AT&T Inc's Strengths, Weaknesses, Opportunities, and Threats
After a flurry of service outages Thursday, AT&T thinks it found the problem. “Based on our initial review, we believe that today’s outage was caused by the application and execution of an incorrect process used as we were expanding our network, not a cyber attack,” the company said in a statement Thursday evening. Regulators, including the Federal Communications Commission, said they were keeping tabs on the situation.
AT&T (T) issued a statement claiming Thursday's nationwide outage was caused by an error with a software update. The company affirmed that the outage did not appear to be caused by a cyberattack, as some had initially feared. Yahoo Finance Anchors Brad Smith and Seana Smith discuss the outage and AT&T's statement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino