BellSouth: Katrina's cost at least $600M
A Reuters newswire article, via CNN/Money, reports that:
BellSouth Corp. Tuesday said Hurricane Katrina and its aftereffects caused $400 million to $600 million of damage to its network, and the No. 3 U.S. local telephone company it is still surveying its problems.
BellSouth said 810,000 lines remain out of service in the hardest-hit areas of Louisiana, Mississippi and Alabama. It has 19 central offices out of service, most of them in New Orleans.
The company's estimates do not include lost revenue, which some analysts have pegged at $150 million.
BellSouth said it had set up tent cities for its employees in the three states. It has 13,000 employees in the area, with about 6,500 in the hardest-hit parts of Louisiana and Mississippi.
posted by Fergie @ 9/06/2005 08:14:00 AM
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