Recall back in March FairPoint's "pledge" to resume regular debt payments after things "stabilize" in the summer? The question--Will FairPoint be able to keep its promises?--seems pretty close to being answered.
Here's the rub, though. Who will be the phone company if FairPoint is gone? As this item at DSLreports.com so aptly observers,
This sudden tough regulatory demeanor might have proven more useful when regulators signed off on the deal in the first place -- amidst warnings by unions and consumer advocates that Fairpoint was in no financial position to take on such a huge influx of phone and DSL subscribers.
Posted by The Owl at 16:57. Filed under: Labor and business
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