FairPoint Is Bouncing Back
FairPoint Communications announced Wednesday that it is on better footing than three months ago, the company has finished cutting more than 200 jobs in the past year, and it will have the option to use federal money to build out broadband. FairPoint was in the black in the second quarter, which runs from April to July, even though the company lost $45.2 million in the first three months of the year. The news marks the first time the...
Analyst Identifies Potential FairPoint Buyers
Talk of a possible sale of FairPoint Communications has picked up recently on the heels of a collective bargaining agreement that will make the company more attractive to prospective buyers. Last week, during FairPoint’s first quarter earnings conference call, CEO Paul Sunu told investors and industry analysts, “We must consider mergers and acquisitions as either a seller or a buyer as part of our overall strategy.” If it is sold,...
FairPoint Weighs Sale or Merger
FairPoint Communications announced last week it had another net loss in the first quarter, despite saving $680.3 million on retirement benefits through its new collective bargaining agreement. The first-quarter earnings report is FairPoint’s first major financial announcement since company officials signed a new collective bargaining agreement in February with 1,700 union workers in northern New England. Under the new contract, which...
FairPoint Customers In N.H. Must Now Ask for Phone Book
Nashua — The long decline of the telephone book, once a staple of homes and businesses but increasingly irrelevant in the online era, is continuing with the announcement by FairPoint that it will no longer automatically send the books to all of its landline customers. As of May 1, residential white pages will only be available on request, the company said in fliers inside its most recent bills, but both residential and business...
