Telecom

Consolidated FairPoint Roadmap: 15 Mbps Capable Connections Will Be Upgraded First

5/10/17 at 8:04 AM by Joan Engebretson Consolidated Communications hopes to complete its acquisition of FairPoint in mid-summer, said Consolidated CEO Bob Udell yesterday. When that occurs, a Consolidated FairPoint roadmap will prioritize upgrading broadband lines currently capable of supporting speeds of 15 Mbps to support 20-100 Mbps, Udell told attendees at a financial conference.…

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FairPoint Communications Reports 2017 First Quarter Results

http://www.nasdaq.com/press-release/fairpoint-communications-reports-2017-first-quarter-results-20170504-00292 By GlobeNewswire,  May 04, 2017, 06:00:00 AM EDT Ethernet revenue was 12.1% of total revenue in the quarter as circuits increased 7.8% year-over-year Revenue of $201.9 million for the quarter Net loss of $23.9 million for the quarter Adjusted EBITDA1 of $63.4 million for the quarter Net cash provided by operating activities of $28.2…

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FairPoint Communications Inc (FRP) Short Interest Down 24.9% in March

April 16th, 2017 – By Teresa Graham – 0 comments FairPoint Communications Inc (NASDAQ:FRP) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 906,751 shares, a decline of 24.9% from the February 28th total of 1,207,515 shares. Based on an…

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2017 Collette Lemay Scholarship

Collette Lemay passed away on February 1, 1995 at Catholic Medical Center in Manchester, NH after suffering a brain aneurysm while at work at the Union office. She was 57 years old. Collette left behind her husband Richard and daughter Veronica. Collette served IBEW, Local 2320 for many years as Business Agent representing Operator Services.…

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FairPoint unions lose fight over revealing new buyer’s potential cutbacks

By Darren Fishell, BDN Staff March 07, 2017, at 2:27 p.m. Consolidated Communications announced in December planned savings of $55 million in six different areas through its purchase of FairPoint Communications. The company’s plan to find those “synergies” has become a subject of dispute between the company and unions representing about 550 of its employees in Maine. PORTLAND,…

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Fairpoint/Consolidated merger letter to customers

The following form letter was mailed to business customers of FairPoint Communications, Inc. beginning on February 27, 2017:      [Name] [Street Address] [City], [State] [Zip] February 27, 2017 Dear FairPoint Customer: As we shared with you in December, Consolidated Communications, a publicly traded telecommunications provider (NASDAQ: CNSL), has signed an agreement to acquire FairPoint Communications.…

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