Sandy Hits Telcos in US

Sandy, the largest Atlantic hurricane, has jeopardized the telecommunications networks across Northern, Caribbean, and Mid Atlantic regions in the US and incurs huge loss to telcos. It has hit both the wireline and wireless services. Amongst the worst hit telecom companies include Verizon, AT&T, T Mobile, American Towers, Time Warner Cable, and Cablevision. Media reports say that the overall sector earnings would be impacted from Sandy. Several companies are making progress in restoring wireless services despite the inaccessibility to cell sites in some flooded areas.