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story category Vermont Approves FairPoint Sale
2 down, 1 to go
(old news - 12:01PM Saturday Feb 16 2008)
tags: competition · business · Verizon Online DSL · Fairpoint Communications
Verizon has had a difficult time getting approval for the sale of its networks to FairPoint in 3 New England regions. The state of Maine was the first to approve the deal after many revisions were made to the terms of the sale. A few weeks ago, Vermont regulators struck a tentative deal allowing the sale to potentially move forward. The Vermont Public Service Board officially approved that deal yesterday.
"The Board concluded that the lessened financial risks are now at an acceptable level, particularly in light of the benefits that FairPoint is expected to bring to Vermont," the board stated Friday, noting FairPoint has "a substantially greater interest in operating a telephone company in Vermont than does Verizon."
The approval makes Vermont the second state to allow the sale to move forward. However, Verizon is reviewing the additional terms imposed by the Vermont ruling before making a decision as to whether they agree with the sale under the new conditions. These new conditions add over $30 million in concessions including $25 million for the establishment of a 3-year enhancement plan which FairPoint had previously agreed to set aside. If Verizon agrees with the terms, they will need to work on getting approval from New Hampshire before the sale can be completely approved.

Related:
  1. Verizon Lobbyist Tom Tauke Pretends Up Is Down
  2. Fairpoint Picks Cisco For Network Upgrades
  3. Verizon Completes Enhancement of Florida 3G Network
  4. Was FiOS a Good Idea?
  5. Verizon, AT&T Offer New DSL Promotions
  6. FairPoint Extends Cutover, Again
  7. Fairpoint Insists They're On Schedule. Really.
  8. Fairpoint Ready For January Verizon Switch Over
Forums » Vermont Approves FairPoint Sale
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Post a:

TK Junk Mail
Go ahead, make my day
Premium
join:2002-03-03
Margate City, NJ
clubs:

Fairpoint only has NH to move forward

Fairpoint should get final approval soon. Maine And Vermont have caved in. Now only New Hampshire is needed to make the takeover official. And NH is expected to OK deal very soon.

S_engineer

join:2007-05-16
Chicago, IL

Re: Fairpoint only has NH to move forward

your right....verizon will do what it has to do to dump this region. They'll pee and moan, but they will bend over backwards to get rid of it!
--
"There is no such thing as public opinion. There is only published opinion."....Winston Churchill

rit56

join:2000-12-01
New York, NY

Re: Fairpoint only has NH to move forward

and it's a shame. an inept company is taking over, will never be able to deliver basic services and the people who live there in those states are going to be paying astronomical amounts of money for phone service. Verizon once again screws the public.

S_engineer

join:2007-05-16
Chicago, IL

Re: Fairpoint only has NH to move forward

Hey, if they don't like it....they dont need a phone!

KoolMoe
Aw Man
Premium
join:2001-02-14
Annapolis, MD
clubs:
·Verizon FIOS
·Speakeasy

That may be true, but it may be a better alternative to VZ simply ignoring the area. While I understand they have a certain QoS to provide, I suspect they'd rather pay the fines than actually invest in the upkeep.

I wish Fairpoint had a better history or a more stable company would step-up, but overall I think this is going to work out well. Think positive!
KM

S_engineer

join:2007-05-16
Chicago, IL

Re: Fairpoint only has NH to move forward

No doubt Fairpoint has an opportunity, but is the hole to deep?
Fairpoint at some point after the aquisition state that because of Verizons neglect, that Fairpoint will not be able to keep their promises. Revenues will be down and layoffs will begin. It would really be interesting to see just how Fairpoint plans to finance this endeavor.
--
"There is no such thing as public opinion. There is only published opinion."....Winston Churchill
CaptainRR

join:2006-04-21
Blue Rock, OH

Re: Fairpoint only has NH to move forward

Anything is better than Verizon in the Styx. I live in Ohio with AT&T out in the styx and most of the time my dialup wont even work with them! Lots of times I have to use my Verizon Wireless modem hooked up to a 3 watt amplifier on a yagi antenna just to get on the web were I am. My mother in Alburg Vermont has had DSL out in the middle of nowere with Fairpoint for about four years now and is very happy with it. I have visited many times and hooked up to her DSL modem with my laptop and never had a complaint! Anyone that dont have DSL with Verizon in urban areas yet you will have a better chance of getting it with Fairpoint! Point said.
Sammer

join:2005-12-22
Pittsburgh, PA

edit:
February 16th, @12:59PM

NH should insist on more fiber.

However the utility commissioners will probably sell out cheap.

SteveCon
IBEW 2222 Boston, MA
Premium
join:2004-09-02
Burlington, MA
·Verizon FIOS


edit:
February 16th, @02:57PM

At what cost?

Ok aside from the potential loss of good paying jobs to the residents of these areas, etc. I have heard - that typically, FairPoint gets up to about 30% more for the same DSL service level (depending where) than does Verizon. Many areas that FairPoint serves incur modem fees (Verizon customers do not pay this fee). There are probably a great deal of other fees, structures, systems, etc. that are different - why not - the two companies have nothing in common corporate-wise. They both were not offspring of Ma Bell.

If their fees, systems, etc. continues - or is allowed to resume after some certain length of time that may be part of the negotiations between FairPoint and the PUCs, who will be able to afford it?

What good is having DSL available on your street if you can't afford it??
--
United we bargain, Divided we beg!

RARPSL

join:1999-12-08
Suffern, NY

Re: At what cost?

said by SteveCon See Profile :

the two companies have nothing in common corporate-wise. They both were not offspring of Ma Bell.
I assume that you mean that while Verizon is an offspring of Ma Bell, FairPoint is not. Verizon used to be Bell Atlantic and Nynex (né New York Telephone) which were formed when Ma Bell was split up.
Sammer

join:2005-12-22
Pittsburgh, PA

said by SteveCon See Profile :

If their fees, systems, etc. continues - or is allowed to resume after some certain length of time that may be part of the negotiations between FairPoint and the PUCs, who will be able to afford it?

What good is having DSL available on your street if you can't afford it??
Fairpoint will be so financially strapped for years that they will have to increase rates a lot. IMHO this deal makes no sense for NH whatsoever. There are other phone companies who would gladly take over Verizon's NH lines and offer NH residents more for less than Fairpoint ever could.
patcat88

join:2002-04-05
Jamaica, NY

bribed

Who bribed Vermont's PUC now? Vermont was the most serious of those states to want broadband.

Looks like their broadband plans were pretty good, won't be anymore. »publicservice.vermont.gov/pub/st···com.html

Sucks to live in Vermont. »www.vtbroadband.org/stories/storyReader$97
GenBlood

join:2005-04-14
Nashua, NH

Drop land lines ... then ..

As soon as NH "OK" the Verizon deal. I'm dropping
my land lines and getting a second wireless phone
and transfer the number.

Bottom line .... I don't trust them ...
If Verizon couldn't make any money on it.
How do they plan on doing it without rising
the prices ...
Forums » Vermont Approves FairPoint Sale


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