By CLARKE CANFIELD (AP) – 1 hour ago
PORTLAND, Maine — FairPoint Communications Inc. filed for Chapter 11 bankruptcy protection Monday barely 18 months after becoming northern New England’s dominant telecommunications company, fulfilling critics’ predictions that the company wasn’t up to the task.
The company said it voluntarily filed for bankruptcy after agreeing on a deal with key lenders that will help lower its debt by about 62 percent.
[snip]
Hauser said the bankruptcy filing will not affect the company’s day-to-day operations or its efforts to expand its high-speed Internet network in northern New England.
“From a customer point of view, this is a nonevent,” he said.
Emphasis added by me, portions of article snipped. Please follow the link for the full article. I’m just trying to notify folks quickly. I don’t know what it means in the long run but thought people should know. – Stew
Tags: Fairpoint
