FairPoint Communications

Infobox_Company
company_name = FairPoint Communications, Inc.
company_
company_type = Public (NYSE|FRP)| company_slogan =
foundation = 1991
location = Charlotte, North Carolina, USA
key_people =
num_employees = | 3,975 industry = Communications Services
products = Broadband Internet services, Local wireline, Cable Television
revenue = | $ 283.5 millionoperating_income =
net_income = | $ 6 million homepage = [http://www.fairpoint.com/ www.fairpoint.com]

FairPoint Communications, Inc. (nyse|FRP) is headquartered in Charlotte, North Carolina, and operates communication services in 32 markets in 18 states, mostly in rural areas. FairPoint was founded as MCJ Communications Inc. in 1991, and was established as an Incumbent Local Exchange Carrier (ILEC) which gave it certain rights and obligations regarding proving service to rural areas.

FairPoint services include local and long distance phone service, data, Internet, broadband, television and business communications solutions [http://www.fairpoint.com/about_us/fast_facts.html]

Northern New England expansion

In 2007, FairPoint had about 330,000 access points or customers.In that year, Verizon Communications announced plans to sell its landline operations in Maine, New Hampshire, and Vermont to FairPoint for $2.7 billion. Of that amount, $1.7 billion would go to Verizon Communications in cash and debt and approximately $1.015 billion would go to Verizon shareholders in FairPoint common stock. Verizon would hold no stock.

After extensive federal and state regulatory review and approval, the purchase became effective March 31, 2008, for a price of $2.4 billion. State regulators sought a lower figure out of concerns that excess debt would hamper service and expansion.

Approximately 1.6 million phone customers and 230,000 high speed internet users in the three states were added to FairPoint’s customer base, with the result that the Northern New England customers represented 85% of FairPoint’s customers. [http://www.fairpoint.com/news/merger_news/joint_press_release.html]

This increase made FairPoint Communications the 8th largest phone company in the United States. Of its nearly 4,000 employees, approximately 80% serve the Northern New England customers.

ervice areas

The nineteen states served in whole of part are [http://www.fairpoint.com/about_us/fast_facts.html] :

Nearly in whole:
*Maine
*New Hampshire
*Vermont

In Part:
*Alabama
*Colorado
*Florida
*Georgia
*Idaho
*Illinois
*Kansas
*Massachusetts
*Missouri
*New York
*North Carolina
*Ohio
*Oklahoma
*Pennsylvania
*Virginia
*Washington

References

External links

* [http://www.fairpoint.com/about_us/ FairPoint]