Sprint Nextel sees cost from Katrina
A Reuters newswire article, via Yahoo! News, reports that:
Sprint Nextel on Wednesday said Hurricane Katrina will cost it between $150 million and $200 million after insurance payments. It also said portions of its wireless network in the U.S. Gulf Coast remain out of service.
The telecommunications company said it has restored wireless service to all regions in Alabama affected by the storm, and more than 90 percent of its network in Mississippi and more than 70 percent in Louisiana.
Its estimated cost from the storm includes capital and operating costs associated with restoring service and its retail operations, as well as what it termed "billing relief" for affected customers.
posted by Fergie @ 9/14/2005 06:47:00 AM
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