Verizon says impact from Sandy on Q4 operating results 'could be significant'

theflyonthewall.com

Verizon’s wireless and wireline businesses have been impacted by Hurricane Sandy through a large portion of the Northeast. Verizon is currently directing its resources toward significant remediation efforts to restore communications services to affected customers, which may take some time. It is not possible at this time to estimate the impact that the storm and the required remediation may have on Verizon’s operating results for Q4, but we expect that it could be significant.

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