Charlotte, N.C. (July 8, 2011) - FairPoint Communications, Inc. (NASDAQ: FRP), a leading provider of communications services, today announced that it met its regulatory broadband commitment in Vermont by the June 30, 2011 deadline. With this achievement, FairPoint now offers broadband service to more than 83 percent of its customers in Maine, more than 85 percent of its customers in New Hampshire and almost 90 percent of its customers in Vermont.
In meeting its Vermont commitment, FairPoint expanded broadband access to approximately 140 communities and neighborhoods in the state. The Vermont broadband buildout, along with the continued expansion efforts in Maine and New Hampshire, clearly demonstrate FairPoint's commitment to broadband as a growth strategy. FairPoint surpassed 300,000 high-speed Internet subscribers across its 18-state footprint during the second quarter of 2011.
"We are extremely pleased to have achieved this important milestone in Vermont," said Paul H. Sunu, CEO of FairPoint. "The high-speed Internet subscriber growth that began late last year continues," he added. "We could not have achieved our Vermont broadband goal and remained on track with our fiber-to-the-tower initiative without the hard work and dedication of the FairPoint team.
Editor's note: FairPoint was granted a temporary extension by the Vermont Public Service Board to complete the Vermont broadband expansion project in four locations due to the recent historic rainfalls and flooding in Grand Isle and Franklin counties.
FairPoint Communications, Inc. (NASDAQ: FRP) (www.FairPoint.com) is a leading communications provider of high-speed Internet access, local and long-distance phone, television and other broadband services to customers in communities across 18 states. Through its fast, reliable data network, FairPoint delivers data and voice networking communications solutions to residential, business and wholesale customers. VantagePoint(sm), FairPoint's resilient IP-based network in northern New England, provides business customers a fast, flexible, affordable Ethernet connection. VantagePoint(sm) supports applications like video conferencing and e-learning. Additional information about FairPoint products and services is available at www.FairPoint.com.
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