AT&T facing total cost clean up,
Lawmakers are pressuring telcos to identify all the cables and address any potential environmental and health problems, industry's lack of action "corporate irresponsibility of the worst kind."
New Street Research estimated that remediation could cost the telecom industry $60 billion, according to a Telecompetitor article. AT&T has the biggest network of legacy telephone cables and could thus face the biggest costs.
The companies will face class-action lawsuits and lawsuits from attorneys general.