QUOTE AND NEWS
The Hindu Business Line  Sep 26  Comment 
In yet another move to save the sugar mills, the Centre on Wednesday announced that it will pitch-in to pay a portion of the FRP (fair and remunerativ
The Economic Times  Sep 7  Comment 
They argued that sugar factories won’t be able to pay FRP in one go “due to both the release mechanism and delay in receipt of subsidy on exports.”
The Economic Times  Aug 29  Comment 
A Turnaround Plan (TAP) as well as a Financial Restructuring Plan (FRP) were approved for Air India by the previous UPA regime in 2012.
The Hindu Business Line  Jul 22  Comment 
Neither the farmer nor the mill is happy
The Hindu Business Line  Jul 18  Comment 
The effective increase in fair and remunerative price (FRP) for sugarcane for the forthcoming sugar season was much lower than the decadal trend, alth
The Hindu Business Line  Jul 18  Comment 
The government on Wednesday increased the fair and remunerative price (FRP) of sugarcane by Rs 20 per quintal to Rs 275 for the forthcoming 2018-19
The Economic Times  Jul 17  Comment 
CCEA is scheduled to meet tomorrow and is likely to consider a proposal to fix the Fair and Remunerative Price (FRP) of sugarcane for the 2018-19.
The Hindu Business Line  Jul 16  Comment 
Shares of sugar producers fell in the afternoon trade on a report that the government may increase the fair and remunerative price (FRP) for sugarca




 
TOP CONTRIBUTORS


Fairpoint is the eighth largest wireline telephone company in the United States, based on number of access lines as of September 30, 2008. It operates in 18 states with approximately 1.8 million access line equivalents (including voice access lines and high-speed data lines, which include DSL, fiber-to-the-premises, wireless broadband and cable modem) as of September 30, 2008.[1] It offers an array of services, including local and long distance voice, data, Internet and broadband product offerings to residential and business customers, primarily in northern New England.

Trends and Forces

Limited Competition

Fairpoint is one of a number of rural telecom carriers that operate primarily in markets exempt from direct wireline competition by federal law. While these rural local exchange carriers (RLECs) still face modest competition, generally coming from wireless carriers offering large buckets of minutes, customer retention has been stronger, and their total access-line counts have held up better than those of their Baby Bell brethren.

Line Substitution

RLECs have come under pressure as consumers swap traditional phone lines for wireless substitutes. Analysts have questioned whether these increased access line losses will affect the sustainability of revenue and free cash flow for RLECs. Additionally, extra competition has come in the form of cable companies that offer triple-play packages including voice services.

Industry Consolidation

Industry consolidation continues despite tough economic conditions - ex. CenturyTel's $11.6 billion offer for Embarq on Oct. 27, 2008.

Previously, Fairpoint purchased the northern New England operations of Verizon's wireline business. That transaction (estimated to add 1.5 million access lines, 180,000 DSL customers and 600,00 long distance telephone customers) closed on March 31, 2008.

Valuation

In a RLEC industry comparison, Stifel Nicolaus suggests EBITDA per access line is appropriate. [2]

Competition

Other RLECs




References

  1. http://www.sec.gov/Archives/edgar/data/1062613/000104746908011758/a2188918z10-q.htm 2008 Q3 10-q, page 32
  2. http://www.telecomassn.org/conferences/2004/summer/2008StifelRLECMonitor.pdf
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