FairPoint loses $77 million in 3rd quarter
11/24/09 | 12 comments

FairPoint loses $77 million in 3rd quarter


By The Associated Press

CONCORD, N.H. — Bankrupt FairPoint Communications lost $77 million in the third quarter.

The loss in the quarter that ended Sept. 30, came on revenues of $268.3 million.

The New Hampshire Union Leader says the revenues were off 18.3 percent from the same period in 2008.<

The company said total voice access lines in service fell 9.3 percent in the year between Sept. 30, 2008, and this year.

The Charlotte, N.C.-based FairPoint released the unaudited results in a filing with the U.S. Securities and Exchange Commission.

FairPoint is the largest landline telephone provider in Maine, New Hampshire and Vermont. It declared bankruptcy last month.

So far this year FairPoint has lost $103.9 million.

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Comments
12 comments on this item
On 11/24/09 at 11:04 AM, whatmeow wrote:         Repeated separate thumbs down will cause comment to be hidden

Heres my suprised look.

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On 11/24/09 at 11:53 AM, wspahn wrote:         Repeated separate thumbs down will cause comment to be hidden

It's going to be interesting living in the only state in the Union without an RBOC.

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On 11/24/09 at 12:03 PM, MaineSurvivor2 wrote:         Repeated separate thumbs down will cause comment to be hidden

A perfect example of a failed infrastructure. Pathetic!

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On 11/24/09 at 12:29 PM, David889327 wrote:         Repeated separate thumbs down will cause comment to be hidden

Verizon! VERIZON! We love you. We won't be mean to you any more. Please come back.

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On 11/24/09 at 12:33 PM, Beelzebubba wrote:         Repeated separate thumbs down will cause comment to be hidden

Glad I didn't pay my phone bill...

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On 11/24/09 at 2:59 PM, oliverhillresident wrote:         Repeated separate thumbs down will cause comment to be hidden

its ok beelzebubba..I pay enough for both of us..so you are covered

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On 11/24/09 at 4:06 PM, knowitall wrote:         Repeated separate thumbs down will cause comment to be hidden

The so-called land-line telephone will be a part of history in less than 10 years.

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On 11/24/09 at 4:47 PM, Scintillate wrote:         Repeated separate thumbs down will cause comment to be hidden

Get rid of the unions.

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On 11/24/09 at 5:18 PM, limestone65 wrote:         Repeated separate thumbs down will cause comment to be hidden

Scintillate.......Right on and incompetent management!!!!!

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On 11/24/09 at 5:48 PM, ThunderHold wrote:         Repeated separate thumbs down will cause comment to be hidden

Thanks Augusta!

Another fine decision.

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On 11/24/09 at 10:17 PM, wspahn wrote:         Repeated separate thumbs down will cause comment to be hidden

That seems unlikely, knowitall. There remain applications for which POTS is the best option and isn't likely to be surpassed. For instance, the last time I checked, a regular hardwired phone line was impervious to atmospheric interference, couldn't be listened in on by anybody with a van and a readily obtainable radio rig, and didn't emit microwave radiation. Even if you're talking about things like Vonage, not wireless, a POTS line works when the power goes off, which isn't the case with most people's home computers/broadband connections. It'll be a niche product in a decade, probably not the default choice of new customers entering the market, but "part of history"? I think not.

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On 11/25/09 at 12:41 PM, TJBinBGR wrote:         Repeated separate thumbs down will cause comment to be hidden

I've been trying since August to pay my FairPoint bill, only they never sent me one in August, and since then I've gotten monthly statements saying I have a 122.79 credit! I've called twice. Once I was told they had no idea why I had a 122.79 credit and would investigate it and send me an amended bill. Next statement...122.79 credit. Second call, they told me they had a software glitch that was preventing them from crediting payments. I tried to get them to understand I OWED them, but wasn't sending any money to them til they figured out why my account has a 122.79 credit. Got another statement the other day. Still says I have a 122.79 credit. By the time they ever actually BILL me, I'll probably OWE them that much. And gee, I wonder if they started accepting payments for services, would they still have a deficit...

Not doing any more of their bookkeeping for them. They know where I am LOL.

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