Bulk Transporter  Oct 7  Comment 
Wabash National Corp and Poly-Coat Systems announce a new Brenner brand fiberglass reinforced plastic (FRP) tank trailer designed to transport sulfuric acid in concentrations up to 98%. Sulfuric acid is one of the most common corrosives, yet...
The Economic Times  Jun 10  Comment 
Industry observers said every mill has defaulted on payment of the mandatory fair and remunerative price (FRP) to sugarcane farmers.
TheStreet.com  May 30  Comment 
NEW YORK (TheStreet) -- Vodafone Group edged down Friday following a ratings cut on its debt by Standard & Poor's on the previous day. Fairpoint Communications  soared on no news, mysteriously adding to its double-digit gain for the...
TheStreet.com  Mar 12  Comment 
NEW YORK (The Deal) -- When FairPoint Communications finalized a deal with unions late last month, the rural telecom resolved a four-month strike and clarified its finances. But investors still have a question for Chief Executive Paul Sunu:...
The Economic Times  Jan 16  Comment 
"The CCEA has approved the FRP of sugarcane payable by sugar mills for the 2015-16 sugar season to be fixed at Rs 230 per quintal. This decision will ensure a guaranteed price to cane growers," an official statement said.


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.


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


Other RLECs


  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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