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News

AT&T Resolves Software Glitch Behind Wireless Service Disruption Affecting Multiple US Cities, Including Los Angeles, Dallas, And New York

Author: Benzinga Neuro | August 28, 2024 05:12am

AT&T Inc. (NYSE:T) has addressed a software glitch that resulted in a wireless service disruption for some users on Tuesday.

What Happened: The issue began around 5 p.m. ET and peaked at 7 p.m. ET, as tracked by Downdetector. By 10 p.m. ET, the number of reported issues had significantly decreased.

The outage impacted several cities, including Dallas, Charlotte, Los Angeles, Houston, Chicago, and New York City. However, it was not nationwide.

Government entities across the country reported that the outage might have affected the ability of some customers to call 911. Cities like Pinole, California, and North Little Rock, Arkansas, confirmed the issue but later reported that service had been restored.

"We've resolved a software issue that disrupted the ability of a limited number of our customers to connect to our wireless network," an AT&T spokesperson told CNN on Wednesday. "We apologize for the inconvenience, and we appreciate our customers' patience as we work to resolve this issue."

See Also: Bitcoin, Ethereum, Dogecoin Tank As Over-Heated Longs Get Wiped Out: Analyst Says Take A Stock Of This Before Turning Optimistic On King Crypto

Why It Matters The timing of this outage is particularly significant given AT&T’s recent financial performance and market activities. In late July, AT&T reported its second-quarter results, balancing growth and profitability, according to analysts.

The company added 997,000 wireless customers in the second quarter, although it slightly missed revenue estimates.

AT&T remains a popular choice among dividend investors, given its high yield. In early August, analysts recommended buying AT&T shares for their attractive dividend yield.

Price Action: AT&T’s stock closed at $19.65 on Tuesday, down 0.56% for the day. In pre-market trading, the stock dipped slightly 0.25%. Year to date, AT&T’s stock has gained 13.91%, according to data from Benzinga Pro.

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Image Via Shutterstock

This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote

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