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Stock impact report

Why Verizon Is Giving Free Service to Many Florida Customers [Fortune]

AT&T Inc. (T) 
Last at&t inc. earnings: 4/22 06:54 am Check Earnings Report
US:NYSE Investor Relations: en.wiktionary.org/wiki/at
Company Research Source: Fortune
Verizon announced on Tuesday that it would give three months of free service to its wireless customers in the Florida panhandle region affected by Hurricane Michael. The move comes after sharp criticism of the industry from, among others, the head of the Federal Communications Commission, over its failure to recover quickly from storm damage. Every Verizon customer living in Bay and Gulf counties will get the three free months, including both consumer and business accounts, Verizon said. “We are making progress every hour and we expect that trend to continue at a rapid pace,” executive vice president and head of wireless Ronan Dunne said in a statement. “We won’t rest until service is completely restored.” The carrier has struggled more than competitors to fully restore service in the region because the hurricane damaged not just cellular towers, but also broke some of Verizon’s fiber optic cable lines , which are harder to replace. Rival AT&T (t) says its netw Show less Read more
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