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Home > Company Index > Telecommunications > Local Telecom & Private Transmission Services > FairPoint Communications, Inc.

FairPoint Communications, Inc.
 PROFILE
FairPoint Communications has two lines on phone service. Founded in 1991 as MJD Communications by New York attorney Daniel Bergstein and executives Meyer Haberman and Eugene Johnson, the company has acquired 28 rural local-exchange carriers since 1993, which operate in 17 states in the US. In 1998 FairPoint launched its own competitive service provider, FairPoint Communications Solutions, which is undergoing consolidation of its operations. The firm provides integrated data, Internet, and voice packages to small and midsized businesses in its targeted cities. All told, FairPoint has more than 351,000 access lines in 22 states. Investment firms Thomas H. Lee and Kelso own 43% and 36% stakes, respectively.

 COMPETITION
AT&T Corp. (T)
Qwest Communications International Inc. (Q)
Verizon Communications Inc. (VZ)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 246.30
1-Yr. Sales Growth: 66.9%
Employees: 1,415
Revenue per employee: $174,063.60

 KEY PEOPLE
• Jack H. Thomas
    CEO
• Walter E. Leach
    CFO

 CONTACT INFO
521 E. Morehead St., Ste. 250
Charlotte, NC 28202
US
Phone: 704-344-8150
Fax: 704-344-8121
Online: Web Site

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