Frontier Communications Corp. blew $18 million in overtime, repairs and other costs recovering from hurricane-force storms in late June and early July that walloped Ohio, West Virginia and other states where it offers service.
Frontier is based in Stamford and has its telecommunications operations centered in West Virginia and Rochester, N.Y.
Speaking Thursday at a New York City investment conference, CFO Donald Shassian said more than 275 of Frontier’s central offices were impacted in the storms that knocked out power for extended stretches, with the company having to purchase some 200 generators and replace nearly 32 miles of cable. Besides Ohio and West Virginia, the storms affected equipment in Pennsylvania, Indiana and the Carolinas.
Frontier’s profits totaled $18 million in the second quarter.
