Fairpoint
|
+
FairPoint CEO David Hauser Exits Left, Sunu Enters
8/17/10 at 10:15 AM by Bernie Arnason
It’s been a rough couple of years for FairPoint, the Charlotte, North Carolina based ILEC. The company is currently trying to emerge from bankruptcy – a bankruptcy brought on in large part by FairPoint’s aggressive move to ...
|
|
|
FairPoint Bankruptcy Plans Hit Turbulence
6/29/10 at 8:20 AM by Bernie Arnason
The FairPoint saga is well documented. Large IOC takes on millions of Verizon access lines in the Northeast, struggles with debt and integration and ultimately files for bankruptcy. FairPoint has been working hard to reverse its trajectory, but its plan just ...
|
|
Frontier Launches Verizon Acquisition Public Relations Campaign
11/17/09 at 10:56 AM by Bernie Arnason
Given the ‘graveyard’ of past companies who have purchased Verizon wireline assets, Frontier knows it has its work cut out for it to gain all of the necessary approvals for its pending Verizon network acquisition. ...
|
|
|
FairPoint Files for Chapter 11 Bankruptcy
10/26/09 at 10:14 AM by Bernie Arnason
We kind of saw this coming, but it’s official now. Fairpoint filed for Chapter 11 bankruptcy today. “The day-to-day operations of our business will not be impacted by today’s actions,” said David Hauser, Chairman and CEO of FairPoint in a company statement. “We want to ...
|
|
|
FairPoint Bankruptcy Close?
9/28/09 at 11:14 PM by Bernie Arnason
FairPoint announced today they are in discussions with their lenders to restructure debt. That’s a clean way of saying ‘we may enter bankruptcy.’ They have $42 million in debt payments due September 30th that are unlikely to be paid. As they ...
|
|
FairPoint Makes Broadband Stimulus Play
8/21/09 at 10:42 AM by Andrew Burger
Looking to bring broadband telecommunications services to under- and unserved areas in New Hampshire and northern Vermont, FairPoint Communications is the latest telecoms provider to file Broadband Initiatives Program and Broadband Technology Opportunities grant applications with the Rural Utilities Service and the National Telecommunications & ...
|
|
Broadband Stimulus Program Creates Complex Competitive Issues
8/4/09 at 2:10 PM by Bernie Arnason
The $7.2 billion available through the ARRA broadband stimulus program may impact the competitive environment in interesting ways. Existing broadband carriers should not only be looking at how the funding may help their own broadband cause, but how it might empower competitors as well. Some ...
|
FairPoint Gets Access to $50 Million From New Hampshire
5/15/09 at 12:04 PM by Telecompetitor  FairPoint is getting a $50 million infusion courtesy of the state of New Hampshire. Not a bad gig if you can get it. FairPoint will use the money to help shore up its financial situation, which is deteriorating quickly. The Concord Monitor (by way of Fierce Telecom) reports “the New Hampshire Public Utilities Commission on Tuesday gave the company permission to use the ...
|
Rise of the Rural ‘Super’ Carrier
5/14/09 at 11:49 AM by Telecompetitor  Recent activity in the rural telecom sector leads us to speculate about a rural ‘super’ carrier trend. We define this trend as the formation of large scale, larger than we’ve ever witnessed before, telecom service providers focused mostly on rural markets. Despite the 1,000+ carriers serving rural territory in the U.S., the three largest ‘RBOCs’ combined, still serve the majority of rural customers. That’s beginning to change, and leading to the rise ...
|
FairPoint Looking to Address New England Problems
3/19/09 at 10:06 AM by Telecompetitor FairPoint bought Verizon territories in Maine, Vermont, and New Hampshire last year, greatly expanding the size and scope of their ILEC operations. They bought 1.5 million Verizon access lines for about $2.3 billion. Like most acquisitions of this size, some technical glitches are bound to happen. Unfortunately for FairPoint, their Verizon transaction was no different. They’ve had some pretty well publicized glitches, including multiple delays in the official cutover ...
|
