AltWeeklies Wire
Will FairPoint Run Out of Money?new
The Wall Street meltdown could really burn telephone customers in northern New England -- one of their phone company's largest lenders just went belly up.
Portland Phoenix |
Jeff Inglis |
09-17-2008 |
Business & Labor
FairPoint's Phone-Line Takeover is as Bad as Regulators Fearednew
The Verizon-FairPoint merger, in which a North Carolina-based little-phone-company-that-could spent $2.3 billion of mostly borrowed money to take over the northern New England operations of one of the world's largest telecommunications companies, has been more disastrous than even we thought.
Portland Phoenix |
Jeff Inglis |
07-03-2008 |
Business & Labor
FairPoint Deal Specifics Get Weirdernew
A FairPoint exec says it's "misleading" to say that the company wouldn't give workers raises for seven years. But the company expects 4 percent of all workers -- including new hires -- to leave after the first year, leaving plenty of cash to pay for raises.
Portland Phoenix |
Jeff Inglis |
11-21-2007 |
Business & Labor
Tags: business & labor
No Raises For Seven Yearsnew
That's just one way FairPoint plans to pay for its buyout of Verizon's Northern New England operations. (Another way? Assuming gasoline prices will stay constant through 2015.)
Portland Phoenix |
Jeff Inglis |
11-15-2007 |
Business & Labor
Tags: business & labor
