Weather Takes Toll on Telcos in Third Quarter

October 2011
Multichannel News;10/24/2011, Vol. 32 Issue 40, p6
The article reports on the negative effects of Hurricane Irene to the financial performance of AT&T and Verizon Communications Inc.'s television and broadband businesses during the third quarter of 2011 in the U.S. It notes that the weather had cost the telecommunication companies about 250 million dollars in the period. It states that AT&T's overall wireline revenue of 15 billion dollars was down by 2.2% as well as the wireline revenue of Verizon by 1.3% to 10.1 billion dollars.


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