FairPoint talks to avoid bankruptcy

FairPoint Communications is in talks with some of its lenders as it tries to restructure its debt and avoid bankruptcy. FairPoint said it has entered into an agreement with lenders that together hold more than 50 percent of its loans and commitments. Last year, FairPoint bought Verizon’s landline and Internet assets in Maine, New Hampshire and Vermont, and has had problems with operations and customer service ever since.