Verizon: Terrorist attacks will hurt Q3, Q4
Verizon expects issues associated with the attacks on the World Trade Center to have a negative impact on the carrier's third and fourth quarters, president and co-chief executive Ivan Seidenberg announced at a Goldman Sachs conference.
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However, Verizon Wireless today announced it has added 752,000 net new customers during the third quarter 2001. Total customers increased to 28.7 million, about a 12% increase compared to the third quarter 2000 subscriber base of 25.5 million. The carrier plans to release its full third-quarter earnings on Oct. 30.
The Sept. 11 attacks destroyed or disrupted 200,000 telephony lines, 100,000 business lines, 3.6 million data circuits and 10 cellular towers. Verizon claims to have restored almost 80% of voice service that had been supplied by a damaged Verizon building next to the WTC.
--Kelly Carroll, staff writer
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© 2012 Penton Media Inc.
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