FairPoint Reaches Agreement With Vermont Department of Public Service

U.S. Newswire, January, 2008

To: TECHNOLOGY EDITORS

Contact: Investors, Brett Ellis 1-866-377-3747, bellis@fairpoint.com; or Media, Rose Cummings, 1-704-602-7304, rcummings@fairpoint.com

CHARLOTTE, N.C., Jan. 8 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) today announced it has reached an agreement (stipulation) with the Vermont Department of Public Service (Department) regarding its proposed acquisition of Verizon's wireline operations in Vermont. The stipulation incorporates key features of the previously approved amended stipulation agreement in Maine, as well as other conditions. In the stipulation FairPoint, Verizon, and the Department urge the Vermont Public Service Board (Board) to approve the merger, subject to the conditions stated in the stipulation and the...

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