Telecom: Stuck on Hold

The industry now seems even further from recovery. If you do want to invest, analysts recommend sticking with tried and true names

When the World Trade Center collapsed on Sept. 11, telecommunications providers with facilities located nearby suffered serious damage. Verizon, the primary local carrier in New York City and along the Atlantic seaboard, lost two major switching facilities loaded with pricey equipment. At least 10 Verizon cell-phone sites also went dark. AT&T lost equipment it had housed in one of the Trade Center towers. The terrorist attack touched other carriers by clogging their networks.

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