Tuesday, October 27, 2009

FairPoint Files for Bankruptcy

Fairpoint has filed for bankruptcy just 18 months after buying Verizon's Northern New England's assets for 2.3 million dollars. The Burlington Free Press reports that FairPoints bankruptcy could clear away some of the commitments the company made to the state when the sale was approved. Some of those commitments include expansion of boroadband service in rural New England and throws a shadow of doubt on why Fairpoint's certificate of public good should not be taken away.