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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.
Adelphia Communications Corporation was an American cable television company with headquarters in Coudersport, Pennsylvania. It was founded in 1952 by brothers Gus and John Rigas after the pair purchased a cable television franchise for US$300. Combining various cable properties, the company became one of the most successful in the United ...
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 ...
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Consolidated Communications was founded as the Mattoon Telephone Company in 1894 by Dr. Iverson A. Lumpkin in Mattoon, Illinois. In 1924, the company became the Illinois Consolidated Telephone Company (ICTC) and began acquiring telephone companies in the region over the next several decades, including telephone companies in Christian County, Montgomery County, the Illinois Southeastern ...
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Verizon New England. Verizon New York. Corporate HQ, 1095 Avenue of the Americas. NYNEX Corporation / ˈnaɪnɛks / was an American telephone company that served five states of New England (Maine, Massachusetts, New Hampshire, Rhode Island and Vermont) as well as most of the state of New York from January 1, 1984 to August 14, 1997.
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.