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FairPoint Communications, Inc. was an American operator of communication services. FairPoint's services include local and long-distance phone service, data, Internet, broadband, television, business communications solutions and fiber services. [3] Headquartered in Charlotte, North Carolina, it served 31 markets in 17 states, mostly in rural areas.
Frontier Communications Parent, Inc. is an American telecommunications company. [6] Known as Citizens Utilities Company until 2000, [7] Citizens Communications Company until 2008, [8] and Frontier Communications Corporation until 2020, [6] as a communications provider [9] with a fiber-optic network [10] and cloud-based services, [11] Frontier offers broadband internet, digital television, and ...
Rather than simply selling these assets to FairPoint, Verizon created a subsidiary to which it sold these assets. Verizon distributed the shares of this new subsidiary to Verizon's shareholders. The parties then completed a Reverse Morris Trust with FairPoint, where the original Verizon shareholders had a majority ownership of the newly merged ...
Fairpoint Communications (NAS: FRP) reported earnings on May 6. Here are the numbers you need to know. The 10-second takeaway For the quarter ended March 31 (Q1), Fairpoint Communications met ...
The more Fairpoint Communications (NAS: FRP) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders ...
To raise money to expand its growing wireless and fiber-optic divisions, Verizon sold 4.8 million landlines to Frontier in exchange for $5.25 billion in Frontier stock. The lines being sold ...
A Regional Bell Operating Company (RBOC) was a corporate entity created as result of the antitrust lawsuit by the U.S. Department of Justice against the American Telephone and Telegraph Company (AT&T) in 1974 (United States v. AT&T) and settled in the Modification of Final Judgment on January 8, 1982. AT&T agreed to divest its local exchange ...
NNETO is separate from Northern Telephone Company of Maine, a FairPoint subsidiary which consists of some former Contel lines sold off by GTE in 1994. Effective January 28, 2019, the company was renamed Consolidated Communications of Northern New England Company, LLC following the purchase of FairPoint by Consolidated Communications.