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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.
Consolidated Communications. FairPoint Communications, an independent provider based in North Carolina, acquired Northern New England Telephone Operations. NNETO is an operating company split from the original New England Telephone to serve access lines in Maine and New Hampshire. The sale of these lines by Verizon to FairPoint closed in 2008.
Reverse Morris Trust. A Reverse Morris Trust in United States law is a transaction that combines a divisive reorganization ( spin-off) with an acquisitive reorganization ( statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary. [1] It may be especially useful when one publicly-traded C-corporation wants to ...
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 ...
On April 1, 2008, Verizon's operations in Maine, New Hampshire, and Vermont were sold to FairPoint Communications as Northern New England Telephone Operations and Telephone Operating Company of Vermont. In 2017, FairPoint sold them to Consolidated Communications. Workers of Verizon New England are represented by the IBEW 2222 labor union.
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 ...
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