Verizon Assess Post-Sandy Damage and 1 Dow Mover Changing Hands Today
Verizon Communications (NYSE:VZ) is currently assessing damage and beginning the restoration of service to consumers, enterprise clients and government agencies, according to a company statement released Tuesday night. The firm’s networks are functioning well in the face of massive flooding and the loss of commercial power in a number of locations, though there exist serious problems in lower Manhattan along with stress in the greater New York metropolitan area. Bob Mudge, president of Verizon’s Consumer and Mass Business, said that, “Although we will be working with all available resources to restore service for our customers, some pockets of damage are extensive and could take up to a week or more to fully restore.” More than 200 Verizon facilities are serving customers on backup power, even though there is widespread loss of commercial power across the area.
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