verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . november 2014 learn how and when to remove this template message fairpoint communications inc. type public company traded as nasdaq frp industry communications services founded 1991 1991 headquarters charlotte north carolina usa key people paul h sunu chief executive officer ; rose hauser executive vice president and chief information officer products internet services local wireline cable television revenue 1 274.62 million 1 net income 68.53 million number of employees 3 300 2 website official website fairpoint communications inc. is headquartered in charlotte north carolina and operates communication services in 31 markets in 17 states mostly in rural areas . fairpoint services include local and long distance phone service data internet broadband television business communications solutions and fiber services . 3 fairpoint along with frontier communications have been at the forefront of acquiring verizon markets . contents 1 history 1.1 northern new england expansion 1.2 bankruptcy 1.3 post bankruptcy 1.3.1 payphone sale 1.4 2014 northern new england strike 2 service areas 2.1 former operating companies 3 see also 4 references 5 external links history edit fairpoint was founded as mjd communications inc. in 1991 and was established as an incumbent local exchange carrier ilec which gave it certain rights and obligations regarding providing service to rural areas . the company acquired the cass county telephone company in 2006 integrating its operations into fairpoint communications missouri . it also acquired the germantown independent telephone company in germantown ohio . northern new england expansion edit in 2007 fairpoint had about 330 000 access points or customers . in that year verizon communications announced plans to sell its landline operations in maine new hampshire and vermont northern new england spinco to fairpoint for 2.7 billion . of that amount 1.7 billion would go to verizon communications in cash and debt and approximately 1.015 billion would go to verizon shareholders in fairpoint common stock . verizon would hold no stock . after extensive federal and state regulatory review and approval the purchase became effective march 31 2008 for a price of 2.4 billion . state regulators sought a lower figure out of concerns that excess debt would hamper service and expansion . approximately 1.6 million phone customers and 230 000 internet users in the three states were added to fairpoint s customer base with the result that the northern new england customers represented 85 % of fairpoint s customers . 4 this increase made fairpoint communications the 8th largest phone company in the united states . of its nearly 4 000 employees approximately 80 % serve the northern new england customers . citation needed as part of the purchase fairpoint had to make broadband available to 83 percent of customers . on january 27 2011 the company announced it had met this goal . 68.9 percent of its customers had broadband at the time of the purchase ; 44 000 new customers have the service now . 5 fairpoint offers internet through the use of dsl technology . bankruptcy edit on may 5 2009 fairpoint indicated in its first quarter 2009 report that it was considering engaging a financial advisor to evaluate its current capital structure and to explore options with respect to a potential restructuring . it also acknowledged that it was at risk of failing to comply with the interest coverage covenant contained in its credit facility as early as the covenant measurement period ending june 30 2009 . 6 if debt arrangements were not made by october 1 2009 fairpoint was going to file for chapter 11 bankruptcy protection according to ceo david hauser . 7 on october 26 2009 fairpoint communications filed for chapter 11 bankruptcy protection . 8 9 as a result of the bankruptcy verizon shareholders lost the entire 1.015 billion in shares they had received in the previous year s deal . new england verizon networks had been profitable before the transfer to fairpoint . after the bankruptcy the creditors became the initial shareholders of the reorganized fairpoint . citation needed the company emerged from bankruptcy in january 2011 . 5 post bankruptcy edit verizon later lost its remaining money it made on the sale . 10 the remaining money from the sale in stock was lost when fairpoint declared bankruptcy . it previously lost all but 5 million from the lawsuit citation needed . payphone sale edit fairpoint payphone in randolph vermont in 2012 on may 22 2012 fairpoint announced that it would sell its pay telephone operations to pacific telemanagement services . the deal includes its 4 000 payphones operated through northern new england telephone operations and telephone operating company of vermont . fairpoint announced that the phones have become unprofitable at about 1 million in revenue . 11 2014 northern new england strike edit on october 14 2014 fairpoint communications froze the pensions of nearly 2 000 employees who had built maintained and serviced vital telecommunications infrastructure throughout maine new hampshire and vermont . the company had already stopped providing retiree health care and support for child and elder care . workers said that this was all part of fairpoint s plan to turn their good middle class jobs into low wage temporary jobs . also the implications and trickle down effect of nearly 2 000 unemployed new england workers has caused ripples leading to waves in local and regional economies throughout the three states maine new hampshire and vermont . unions representing the employees had been negotiating with the company since april to reach new collective bargaining agreements . leaders of the international brotherhood of electrical workers ibew and the communications workers of america cwa said that fairpoint management abandoned the bargaining process on august 27 after refusing to compromise on any substantive issue since negotiations began . 12 fairpoint replaced striking workers with contingency workers from as far away as oregon and california . the replacement workers struggled to maintain any semblance of normal service as a series of nor easter storms brought rain and snowy winter conditions to the three state area . fairpoint spokeswoman angelynne beaudry acknowledged that long answer times had customers calling back multiple times . beaudry admitted that fairpoint has struggled to respond to service requests and said company officials regret some of our customers have been inconvenienced as we had to reschedule their appointments . 13 service areas edit fairpoint owns the following operating companies big sandy telecom simla colorado 14 columbine telecom company crestone and mosca colorado 15 fairpoint communications missouri gtcom inc. northern new england telephone operations maine new hampshire formerly part of verizon new england sunflower telephone company kansas colorado telephone operating company of vermont formerly part of verizon new england former operating companies edit fremont telcom co. fremont county idaho sold in 2013 formerly part of u s west communications 16 the 18 states served in whole or part are 3 nearly in whole new hampshire maine vermont in part alabama colorado florida georgia illinois kansas massachusetts missouri new york north carolina ohio oklahoma pennsylvania virginia washington see also edit list of united states telephone companies nynex northern new england spinco northern new england telephone operations telephone operating company of vermont hawaiian telcom references edit financial statements for fairpoint communications inc google finance . google.com . retrieved november 6 2014 . stock quotes & company news reuters.com . reuters.com . retrieved november 6 2014 . a b corporate profile . https web.archive.org web 20080516063352 http www.fairpoint.com news merger news joint press release.html . archived from the original on may 16 2008 . retrieved may 21 2008 . missing or empty title help a b fairpoint meets broadband commitment in maine . news & observer . january 27 2011 . retrieved february 3 2011 . fairpoint communications inc. investors earnings and press releases . phx.corporate ir.net . retrieved november 6 2014 . 1 dead link fairpoint phone company files for bankruptcy . retrieved october 26 2009 . dead link fairpoint communications chapter 11 petition pdf . pacermonitor . pacermonitor . retrieved 8 june 2016 . http www.law360.com articles 566923 verizon to pay 95m to settle fairpoint acquisition row . missing or empty title help 2 dead link fairpoint freezes pensions of nearly 2 000 northern new england employees fairness fairpoint . fairnessatfairpoint.com . retrieved november 6 2014 . fairpoint ceo s confidence in strike contingency plans contradicted by serious service problems fairness fairpoint . fairnessatfairpoint.com . retrieved november 6 2014 . local calling guide area code prefix search . accessed february 14 2012 . localcallingguide.com . retrieved november 7 2014 . local calling guide area code prefix search . accessed february 14 2012 . localcallingguide.com . retrieved november 7 2014 . member companies syringa networks . syringanetworks.net . retrieved november 7 2014 . external links edit unionleader.com fiercetelecom.com dslreports.com webmail v t e united states landline telephone companies alaska communications at & t centurylink cincinnati bell claro puerto rico earthlink emery telcom fairpoint communications frontier communications gci gta teleguam hawaiian telcom tds telecom verizon communications windstream communications v t e cable satellite and other specialty television providers in the united states cable adams cable advanced cable communications allegiance communications altice usa suddenlink communications armstrong atlantic broadband blue ridge communications broadstripe buckeye broadband cable one charter spectrum time warner cable bright house networks comcast xfinity cox communications docomo pacific emery telcom fairpoint communications full channel gci hargray mediacom midco northland communications onelink communications satview broadband service electric srt communications tds tpg grande communications rcn corporation truvista communications wave broadband wow satellite at & t directv claro dish network glorystar headend in the sky home2us fiber iptv at & t u verse centurylink prism tv cincinnati bell fioptics claro consolidated communications frontier fios google fiber gta teleguam hawaiian telcom midco nep datastream tv nextv america stealth communications tds telecom verizon fios windstream kinetic over the top apple tv netflix amazon video hulu sling tv pluto tv playstation vue crackle seeso cbs all access hbo now showtime starzplay lifetime movie club curiositystream dramafever hotstar tubi tv feeln noggin roku sony liv yupptv univision now defunct cable tv adelphia communications corporation alameda power and telecom1 astound broadband at & t broadband mediaone continental cablevision tele communications inc. baja broadband bresnan communications champion broadband cobridge communications graceba total communications insight communications jones intercable king videocable knology marcus cable npg cable paragon cable rapid communications teleprompter group w cable ua columbia cablevision us cable windjammer communications 1 still in operation but no longer offers cable or internet as part of its services defunct satellite alphastar globecast world tv primestar united states satellite broadcasting voom hd networks defunct iptv sky angel virtual digital cable defunct terrestrial aereo usdtv moviebeam see also radio spectrum pollution v t e additional resources on north american television north america list of local television stations in north america dtv transition north american tv mini template canada canadian networks list of canadian television networks list of canadian television channels list of canadian specialty channels local canadian tv stations list of united states stations available in canada 2001 vancouver tv realignment 2007 canada broadcast tv realignment mexico mexican networks local mexican tv stations united states american networks list of american cable and satellite networks list of american over the air networks local american tv stations w local american tv stations k 1994 united states broadcast tv realignment 2006 united states broadcast tv realignment list of canadian television stations available in the united states insular areas tv africa asia and oceania americas europe retrieved from https en.wikipedia.org w index.php title fairpoint communications & oldid 744389275 categories companies based in charlotte north carolinacompanies that have filed for chapter 11 bankruptcyfairpoint communicationscompanies listed on nasdaqtelecommunications companies of the united stateshidden categories pages with citations lacking titlespages with citations having bare urlsall articles with dead external linksarticles with dead external links from november 2014articles with dead external links from october 2010use mdy dates from november 2014articles needing additional references from