FairPoint enters into Settlement Agreement with eight independents in Vermont and New Hampshire

Telecomworldwire,  Oct 22, 2007  

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TELECOMWORLDWIRE-22 October 2007-FairPoint enters into Settlement Agreement with eight independents in Vermont and New Hampshire(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

FairPoint Communications Inc (NYSE:FRP) (FairPoint), a provider of communications services to rural and small urban communities, has announced that it has entered into a Settlement Agreement with eight independent incumbent local exchange carriers in Vermont and eight in New Hampshire, with regard to the continuation of existing network management arrangements between the companies and communications company Verizon.

FairPoint said the agreement will become effective upon the close of the transaction relating to Verizon's wireline operations in Vermont and New Hampshire.

The 'Eight Independents' in Vermont include Franklin Telephone Company Inc, Ludlow Telephone Company Inc, Northfield Telephone Company Inc, Perkinsville Telephone Company Inc, Shoreham Telephone Company Inc, Topsham Telephone Company Inc, Vermont Telephone Company Inc and Waitsfield-Fayston Telephone Company Inc.

The Eight Independents in New Hampshire include Bretton Woods Telephone Company Inc, Dixville Telephone Company, Dunbarton Telephone Company Inc, Granite State Telephone Inc, TDS Telecom/Hollis Telephone Company Inc, TDS Telecom/Kearsarge Telephone Company, TDS Telecom/Merrimack County Telephone Company and TDS Telecom/Wilton Telephone Company Inc.

According to FairPoint, in signing the Settlement Agreement, each of the Eight Independents have indicated that they are satisfied that FairPoint will continue to provide them with the same services that they currently receive from Verizon, in a manner which enables them to continue to provide the same quality of service to their customers.

FairPoint submitted its applications for approval of the acquisition of Verizon's wireline operations in Maine, New Hampshire and Vermont in January 2007. The petitions are being reviewed by the Federal Communications Commission, the Public Utilities Commissions of Maine and New Hampshire, and the Public Service Board of Vermont.

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