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The Hindu Business Line  Oct 4  Comment 
Public toilets in Hyderabad are set to get modern. Fibre reinforced plastic toilets are being put up in important locations in the city, as it gets spruced up to host the 11th Metropolis Worl...
Cloud Computing  Aug 27  Comment 
CHARLOTTE, N.C. , Aug. 27, 2014 /PRNewswire/ -- FairPoint Communications, Inc. (Nasdaq: FRP), a leading provider of advanced communications, today announced it will present at the Drexel Hamilton Telecom, Media and Technology Conference at the...
The Economic Times  Aug 22  Comment 
CACP has suggested sugarcane FRP of Rs 230 per quintal for the 2015-16 season, which is a Rs 10 per quintal increase from this year.
SeekingAlpha  Aug 5  Comment 
Fairpoint Communications (NASDAQ:FRP) Q2 2014 Earnings Call August 05, 2014 8:30 am ET Executives Paul Taaffe - Paul H. Sunu - Chief Executive Officer and Director Ajay Sabherwal - Chief Financial Officer and Executive Vice...
Cloud Computing  Aug 4  Comment 
CHARLOTTE, N.C. , Aug. 4, 2014 /PRNewswire/ -- FairPoint Communications, Inc. (Nasdaq: FRP) ("FairPoint" or the "Company"), a leading communications provider, today announced its financial results for the second quarter ended June 30 , 2014. ...
Cloud Computing  Jul 31  Comment 
PORTLAND, Maine , July 31, 2014 /PRNewswire/ -- FairPoint Communications has completed the installation of a Next Generation 9-1-1 (NG9-1-1) system in Maine . Maine now has a statewide NG9-1-1 system with a modern Internet Protocol...
The Times of India  Jun 9  Comment 
Cash-strapped Air India will seek an additional Rs 1,600 crore as equity in 2014-15, asking for Rs 7,100 crore instead of Rs 5,500 crore as per the original financial restructuring plan (FRP) approved by the UPA.
SeekingAlpha  May 6  Comment 
FairPoint Communications Inc (FRP) Q1 2014 Results Earnings Conference Call May 06, 2014, 8:30 am ET Executives Paul Taaffe - Vice President of Corporate Communications and Development Paul Sunu - Chief Executive Officer Ajay...
SeekingAlpha  Mar 5  Comment 
FairPoint Communications, Inc. (FRP) Q4 2013 Earnings Conference Call March 04, 2014 08:30 AM ET Executives Paul Taaffe - VP of Corporate Communications and Development Paul Sunu - CEO Ajay Sabherwal - CFO Analyst ...
Cloud Computing  Mar 4  Comment 
CHARLOTTE, N.C. , March 4, 2014 /PRNewswire/ -- read more




 
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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