CenturyLink (CTL) has received a hefty fine from the Federal Communications Commission (FCC) for its shortcomings in a 911 outage.
The communications company will pay $16 million for failing to react in a timely fashion to a coding error that knocked out emergency call services for 11 million people. The FCC claims the outage could have been prevented had CenturyLink notified public safety personnel sooner.
Verizon (VZ) and Intrado Communications were also fined for similar reasons. The agency is also requiring the companies to create new rules and oversights to avoid similar outages in the future.
CTL stock is up 0.1% Monday.
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