2012 Earnings and Press Releases

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12/18/12FairPoint Celebrates New Year by Giving Back
Favorite nonprofit could receive $2013 from Facebook votes CHARLOTTE, N.C., Dec. 18, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading telecommunications provider, is celebrating the new year with a donation to a community nonprofit that receives the most votes on FairPoint's Facebook page at www.facebook.com/MyFairPoint. Any 501(c)3 organization located in communities across the 18 states that FairPoint serves is eligible to receive votes.  The voting begins D... 
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12/17/12FairPoint Communications, Inc. Makes $10 Million Voluntary Prepayment of Debt
CHARLOTTE, N.C., Dec. 17, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP) today announced it has made an additional voluntary prepayment of debt of $10 million on its term loan. With this repayment, FairPoint has made a total of $43 million in voluntary and scheduled repayments on its term loan in 2012.  As a result, the Company's debt balance is down to $957 million from $1 billion at Jan. 1, 2012.  FairPoint made the $10 million prepayment out of cash on hand. In N... 
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12/06/12FairPoint Communications Secures Contract to Provide New Maine E9-1-1 System
Statewide System Will Serve 26 Public Safety Answering Points PORTLAND, Maine, Dec. 6, 2012 /PRNewswire/ -- The State of Maine has awarded FairPoint Communications a 5-year contract worth $32 million to provide the state's next generation 9-1-1 system. FairPoint will provide the system and support to serve Maine's 26 Public Safety Answering Points – known as PSAPs – which have responsibility to answer all 9-1-1 calls in their local coverage area. Every Maine community is matched with a lo... 
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11/28/12FairPoint Announces Agreement to Sell its Idaho Operations to Blackfoot Telecommunications Group
CHARLOTTE, N.C., Nov. 28, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP) announced today that it has entered into an agreement to sell the capital stock of its Idaho-based operations to Blackfoot Telecommunications Group of Missoula, Montana, for $30 million in cash. FairPoint's Idaho properties serve more than 5,000 residential and business customers in eastern Idaho.  On an annual basis, the properties contribute approximately $8 million in revenue, approximately $5 m... 
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11/27/12FairPoint Communications Wins $16 Million Contract to Build New England Telehealth Consortium Network
More than 400 healthcare facilities in Maine, New Hampshire and Vermont will be served PORTLAND, Maine, Nov. 27, 2012 /PRNewswire/ -- FairPoint Communications was awarded a four-year contract worth more than $16 million to support the needs of the New England Telehealth Consortium (NETC). Under the contract, FairPoint will provide Carrier Ethernet Services to more than 400 health care sites in Maine, New Hampshire and Vermont.  "We are extremely pleased and look forward to partnering with... 
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11/01/12FairPoint Communications Reports 2012 Third Quarter Results
- Unlevered Free Cash Flow[1] of $28.0 million in the quarter and $95.2 million year-to-date - Adjusted EBITDA[1], a newly introduced measure, of $73.7 million in the quarter - Net loss of $37.3 million in the quarter - Cash of $22.1 million at Sept. 30, 2012, after a $25.0 million voluntary debt prepayment CHARLOTTE, N.C., Nov. 1, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP) ("FairPoint" or the "Company"), a leading communications provider, today announced its... 
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10/26/12FairPoint Communications to Release 2012 Third Quarter Results
CHARLOTTE, N.C., Oct. 26, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading communications provider, today announced it will release its 2012 third quarter results after the market close on Thursday, Nov. 1, 2012. The company will hold its earnings conference call at 8:30 a.m. (ET) on Friday, Nov. 2, 2012. Participants should call (866) 543-6408 (US/Canada) or (617) 213-8899 (international) at 8:20 a.m. (ET) and enter the passcode 73625655 when prom... 
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10/24/12FairPoint Energy Launches Green Energy Service
FairPoint Communications Offers Customers Option to Reduce Electricity Costs CHARLOTTE, N.C., Oct. 24, 2012 /PRNewswire/ -- FairPoint Communications will now offer a green retail energy option to residents of Maine and New Hampshire. FairPoint Communications has entered into a marketing agreement with Crius Energy, a leading provider of green energy and has licensed to Crius the name FairPoint Energy. FairPoint Energy combines Crius Energy's strong presence and expertise in the retail ene... 
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10/11/12FairPoint Communications to Present at the Wells Fargo 2012 TMT Conference in New York City
CHARLOTTE, N.C., Oct. 11, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading communications provider, today announced it will present at the Wells Fargo Technology, Media & Telecom Conference at The New York Palace Hotel on Thursday, Nov. 8, 2012, at 9:40 a.m. ET.  Representing FairPoint will be Paul Sunu, CEO, and Ajay Sabherwal, CFO.  FairPoint will be hosting one-on-one meetings with investors. About FairPoint Communications, Inc. FairPoint Communications... 
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10/09/12FairPoint Boosts Speeds across 14 States
Customers in rural markets benefit from network upgrades CHARLOTTE, N.C., Oct. 9, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading communications provider of high-speed Internet access, local and long-distance phone, television and other broadband services, now offers greater speeds – up to 50 Mbps in Kinderhook, N.Y.; Orwell, Ohio; Columbus Grove, Ohio; Bentleyville, Pa. and Kearney, Mo. – and significantly increased speeds in many other markets in its 18-state ... 
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10/04/12FairPoint Introduces Carrier Ethernet Service 2.0 at COMPTEL Plus
Class of Service (CoS) now available on fiber access E-Line services CHARLOTTE, N.C., Oct. 4, 2012 /PRNewswire/ -- FairPoint Communications, the leading source of wholesale services for northern New England, today announced its release of Carrier Ethernet Services (CES) 2.0, an enhancement to its current E-Line Carrier Ethernet Services product specifically designed for the wholesale market. "We are excited to partner with our customers to provide advanced Ethernet capabiliti... 
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09/24/12FairPoint Communications Appoints Chief Marketing Officer
Barbara Dondiego to lead marketing and product management efforts CHARLOTTE, N.C., Sept. 24, 2012 /PRNewswire/ -- FairPoint Communications, Inc. today announced Barbara Dondiego has been appointed senior vice president and chief marketing officer. Dondiego is a telecom veteran and most recently served as senior vice president and chief marketing officer of EarthLink. She will report to Tony Tomae, executive vice president and chief revenue officer, and be responsible for all aspects of Fa... 
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09/12/12FairPoint's Chief Information Officer to Present at CTO Summit 2012
Rose Hauser to lead 'think tank' on managing IT vendor performance CHARLOTTE, N.C., Sept. 12, 2012 /PRNewswire/ -- Rose Hauser, executive vice president and chief information officer of FairPoint Communications Inc., is among the select telecom industry leaders to speak at the CTO Telecom Summit, Sept. 16-18, in Scottsdale, Ariz.  The CTO Telecom Summit is an opportunity for chief technology officers and information executives to discuss how the mobile transformation is currently affectin... 
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09/04/12FairPoint Communications, Inc. Makes $25 Million Voluntary Prepayment of Debt
CHARLOTTE, N.C., Sept. 4, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP) today announced it has made a voluntary prepayment of debt of $25 million on its term loan. With this repayment, FairPoint's term loan is down from $995 million as of June 30th, 2012 to $970 million as of August 31st, 2012.  FairPoint made the $25 million prepayment out of cash on hand. "This is a significant milestone. Our continued focus on free cash flow generation gave us the confidence to ... 
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08/09/12FairPoint Applauds Western Union Decision to Shut Down Services in Jamaican Hotbed of Phone Scamming Operations
FairPoint's "Beware of Area Code 876" Campaign Has Raised International Attention; Highlighting Victims' Stories in Maine, Vermont, and New Hampshire PORTLAND, Maine, Aug. 9, 2012 /PRNewswire/ -- FairPoint Communications today praised the decision by Western Union to temporarily close money transfer stations in St. James parish, Jamaica, including the resort area of Montego Bay, in an effort to thwart international phone scamming operations.  According to an Associated Press article, "…Wester... 
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08/02/12FairPoint Communications Reports 2012 Second Quarter Results
-- Unlevered Free Cash Flow[1] of $38.1 million in the quarter and $67.2 million year-to-date -- Cash balance grew to $43.8 million at June 30, 2012 from $35.8 million at March 31, 2012 -- Consolidated EBITDAR[2] of $70.2 million in the quarter -- Net loss narrows to $37.1 million in the quarter -- Landmark deregulation in New Hampshire, joining Maine and Vermont CHARLOTTE, N.C., Aug. 2, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP) ("FairPoint" or the ... 
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07/27/12FairPoint Communications To Release 2012 Second Quarter Results
CHARLOTTE, N.C., July 27, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading communications provider, today announced it will release its 2012 second quarter results after the market close on Thursday, August 2, 2012.  The company will hold its earnings conference call at 8:30 a.m. (EDT) on Friday, August 3, 2012. Participants should call (866) 578-5747 (US/Canada) or (617) 213-8054 (international) at 8:20 a.m. (EDT) and enter the passcode 88153752 when prompted.... 
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07/23/12FairPoint to Extend Broadband in 53 Vermont Towns
Broadband to reach unserved neighborhoods across Vermont SOUTH BURLINGTON, Vt., July 23, 2012 /PRNewswire/ -- FairPoint Communications announced today it is planning to expand broadband Internet in 53 towns across Vermont – in unserved neighborhoods from Troy to Halifax as well as dozens of other towns across the Green Mountain State. In all, multiple neighborhoods in 53 towns will see this new high-speed access. These towns include: Albany, Barnard, Barnet, Belvidere, Bethel, Bloomfield, ... 
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07/19/12FairPoint Saves Big with Anti-Idling Push
Cuts in idling help improve air quality & save fuel costs SOUTH BURLINGTON, Vt., July 19, 2012 /PRNewswire/ -- FairPoint Communications has cut emissions and fuel use in the past year from efforts to curb idling in its fleet of work vehicles. FairPoint partnered with the American Lung Association to hold presentations at company garages on the benefits of reducing idling.  Those discussions spurred renewed interest in reducing the amount of time trucks idle. For example, FairPoint ... 
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07/18/12FairPoint Benefits from Regulatory Reform in Maine, New Hampshire and Vermont
States Move to Level the Competitive Playing Field for all Telecommunications Providers PORTLAND, Maine, July 18, 2012 /PRNewswire/ -- FairPoint Communications commends the recent regulatory reforms in northern New England, saying the moves are important for consumers since they enable the company to react to market pressures more quickly.  In addition, they will reduce the company's exposure to unnecessary penalties by more than $31 million.  "This is a big step forward for FairPoint.  T... 
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06/14/12Governor Signs Landmark Legislation Reforming Telecommunications Regulation in New Hampshire
New Law Reflects Competitive Marketplace and Modernizes Telecom Regulation MANCHESTER, N.H., June 14, 2012 /PRNewswire/ -- Governor John Lynch has signed legislation that creates a level regulatory playing field for all telecommunications providers in the state in order to promote an environment that encourages innovation and continued investment in telecommunications services. "Today's communications landscape offers consumers more choice of providers and services than at any other time i... 
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06/07/12FairPoint Promotes Rose Hauser to Executive Vice President
CHARLOTTE, N.C., June 7, 2012 /PRNewswire/ -- Rose Hauser, chief information officer for FairPoint Communications, has been promoted to executive vice president, CEO Paul Sunu announced. "Rose is an action leader who has the vision to transform efficiencies and promote a culture of IT excellence and service," said Sunu. "She is guiding our strong focus on streamlining and simplifying FairPoint's operations, which are vital in this competitive telecom marketplace."  Hauser, wh... 
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06/06/12FairPoint Promotes Greg Castle to Executive Vice President
CHARLOTTE, N.C., June 6, 2012 /PRNewswire/ -- FairPoint Communications CEO Paul Sunu today announced the promotion of Greg Castle to executive vice president of human resources for the company. Castle, who joined FairPoint in 2011, is responsible for defining and managing strategic human resources initiatives for the company's workforce across 18 states. "Greg's integrity and industry knowledge are essential in transforming FairPoint's focus on the future in an increasingly competitive t... 
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05/22/12FairPoint Communications Announces Sale of Payphone Operations
CHARLOTTE, N.C., May 22, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP) announced today that it has agreed to sell its payphone business in northern New England to Pacific Telemanagement Services (PTS).  PTS is the single largest payphone provider in the country, operating nationwide. "Payphones have seen dramatic decreases in usage over the last decade and the trend is likely to continue," said Ajay Sabherwal, executive vice president and chief financial officer. "We b... 
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05/02/12FairPoint Communications Reports 2012 First Quarter Results
-- Strong Unlevered Free Cash Flow[1] of $29.1 million -- Cash balance more than doubled since year-end to $35.8 million -- Consolidated EBITDAR[2] before vacation expense of $66.9 million, up 12% from a year ago -- Net loss of $46.7 million versus net loss of $84.0 million in the fourth quarter of 2011 -- Broadband subscribers grew by more than 21,000, or 7.1%, in the last twelve months -- Landmark deregulation in Maine CHARLOTTE, N.C., May 2, 2012 /PRNewswire/ -- FairPoint Co... 
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04/27/12FairPoint Communications to Release 2012 First Quarter Results
CHARLOTTE, N.C., April 27, 2012 /PRNewswire via COMTEX/ --FairPoint Communications, Inc. (NasdaqCM: FRP), a leading communications provider, today announced it will release its 2012 first quarter results after the market close on Wednesday, May 2, 2012. The company will hold its earnings conference call at 8:30 a.m. (EDT) on Thursday, May 3, 2012. Participants should call (866) 783-2142 (US/Canada) or (857) 350-1601 (international) at 8:20 a.m. (EDT) and enter the passcode 68118910 when prom... 
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04/16/12FairPoint Communications Names Executive Vice President and Chief Revenue Officer
CHARLOTTE, N.C., April 16, 2012 /PRNewswire via COMTEX/ --FairPoint Communications, Inc. today announced Tony Tomae has been appointed Executive Vice President and Chief Revenue Officer effective April 23, 2012. Tony will report to Chief Executive Officer Paul Sunu and will be responsible for all aspects of FairPoint's sales, marketing and product development functions. "Growth in business and transport services on our next-generation IP/MPLS network are key to the transformation of FairPo... 
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04/12/12Governor Signs Historic Legislation Reforming Telecommunications Regulation in Maine
New Law Reflects Competitive Marketplace and Modernizes Telecom Regulation in Maine PORTLAND, Maine, April 12, 2012 /PRNewswire via COMTEX/ --Governor Paul LePage today signed into law historic legislation changing the way telecommunications providers are regulated in Maine. "This bill is an excellent example of what our administration promised to do," said LePage. "This legislation reduces red tape and regulation, and puts all telecommunication providers under the same set of rules." Le... 
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04/10/12FairPoint Communications to Present at the Jefferies 2012 Global TMT Conference in New York City
CHARLOTTE, N.C., April 10, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading communications provider, today announced it will present at the Jefferies Global TMT Conference at the New York Westin Hotel on Wednesday, May 9, 2012, at 4:30 p.m. EDT. Representing FairPoint will be Paul Sunu, CEO, and Ajay Sabherwal, CFO.  FairPoint will be hosting one-on-one meetings with investors before its presentation. About FairPoint Communications, Inc. FairPoint... 
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04/05/12FairPoint Communications Sponsors COMPTEL PLUS 2012
Leading industry trade show spotlights innovative communications companies CHARLOTTE, N.C., April 5, 2012 /PRNewswire/ -- FairPoint Communications is a sponsor of the COMPTEL PLUS Spring 2012 show being held April 15-18 in San Francisco.  COMPTEL PLUS, the preeminent networking event for innovative communications companies and their supplier partners, attracted more than 200 exhibitors and more than 4,360 attendees to its 2011 events. FairPoint wholesale business leaders ... 
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03/30/12FairPoint Continues to Improve Operations
Latest efficiencies expected to result in $6.6 million annualized savings CHARLOTTE, N.C., March 30, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (Nasdaq CM: FRP) continues to improve its operations. "We're making good operational gains and we are proud of the 8.4 percent gain in broadband subscribers in 2011 – the highest percentage gain among our industry peers," said FairPoint CEO Paul Sunu. Earlier this month, FairPoint offered employees, who are members of the Communicatio... 
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03/07/12FairPoint Communications Reports 2011 Fourth Quarter and Full Year Results
-- Consolidated EBITDAR(1) of $250.0 million and capital expenditures of $176.1 million for the full year resulted in Unlevered Free Cash Flow(2) generation of $73.9 million in 2011 -- High-speed Internet subscriber growth continued at 8.4% year-over-year, while voice access line loss slowed for the seventh consecutive quarter to 8.4% year-over-year -- Workforce reduction effort completed according to plan -- Net income of $172.0 million for the full year, including cancellation of debt... 
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03/02/12FairPoint Communications to Release 2011 Fourth Quarter and Full Year Results
CHARLOTTE, N.C., March 2, 2012 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading communications provider, today announced it will release its 2011 fourth quarter and full year results after the market close on Wednesday, March 7, 2012.  The company will hold its earnings conference call at 8:30 a.m. (EST) on Thursday, March 8, 2012. Participants should call (800) 265-0241 (US/Canada) or (617) 847-8704 (international) at 8:20 a.m. (EST) and enter the passcode 24096332... 
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02/16/12Public Service Board Approves FairPoint Plan to Invest in 'Last-Mile' Broadband
Regulatory decision frees up funds to connect more unserved areas SOUTH BURLINGTON, Vt., Feb. 16, 2012 /PRNewswire/ -- The Vermont Public Service Board today approved a plan that will see FairPoint Communications investing nearly $7 million to expand its broadband network and bring high-speed Internet to "last-mile" Vermonters. FairPoint was joined in its request by the Vermont Department of Public Service, which agreed that investing past penalty assessments for broadband buildout helps a... 
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