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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.
One implication of this condition required FairPoint to follow rules applying to the Baby Bells under the Second Computer Inquiry decision in their newly acquired territories. [ 2 ] Following the sale, Northern New England Telephone Operations was converted to a limited liability company (LLC).
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.
Verizon Communications (VZ) said on Monday third quarter revenue rose 10 percent to $27.27 billion, but its profit declined 30 percent to $2.89 billion, or 41 cents per share, as costs increased.
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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 was subsequently acquired by Consolidated Communications. The company was named Telephone Operating Company of Vermont LLC until March 19, 2019. The company is not connected to FairPoint Vermont, an operating company consisting of former GTE lines that FairPoint owned since before acquiring the Verizon assets.
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