QUOTE AND NEWS
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
Cloud Computing  Feb 25  Comment 
CHARLOTTE, N.C. , Feb. 25, 2014 /PRNewswire/ -- FairPoint Communications, Inc. (Nasdaq: FRP), a leading communications provider, today announced it will release its 2013 fourth quarter and full year results after the market close on Tuesday,...
The Economic Times  Feb 5  Comment 
The the fair and remunerative price (FRP) for sugarcane for the ongoing 2013-14 (October-September) sugar year stands at Rs 210 per quintal.
Cloud Computing  Feb 3  Comment 
CHARLOTTE, N.C. , Feb. 3, 2014 /PRNewswire/ -- FairPoint Communications, Inc. (Nasdaq: FRP), a leading provider of advanced communications, today announced it will present at the Stifel Technology, Internet & Media Conference at The Fairmont...
Cloud Computing  Jan 28  Comment 
PORTLAND, Maine , Jan. 28, 2014 /PRNewswire/ -- Over the past year FairPoint Communications has expanded broadband service to more than 10,400 homes and businesses in communities all across the state. From Limestone to York ; from Rumford ...
Cloud Computing  Jan 16  Comment 
PORTLAND, Maine , Jan. 16, 2014 /PRNewswire/ -- In celebration of the New Year and to demonstrate appreciation for the communities it serves, FairPoint Communications, Inc., a leading telecommunications provider, will be making a donation of...
guardian.co.uk  Dec 31  Comment 
Birmingham-based firm has already sold two stores, is in talks to sell another, and has began closing-down sales in further 14 Osborne Stationers, a high street chain founded almost two centuries ago, has shut three stores and started...
Benzinga  Dec 6  Comment 
In a report published Friday, Stifel analyst Christopher King upgraded the rating on FairPoint Communications (NASDAQ: FRP) from Hold to Buy, and named a $14.00 price target. In the report, Stifel noted, “With the industry-low valuation, M&A...
Cloud Computing  Dec 4  Comment 
CHARLOTTE, N.C. , Dec. 4, 2013 /PRNewswire/ -- FairPoint Communications, Inc. (Nasdaq: FRP), a leading provider of advanced communications, today announced it will present at the J.P. Morgan SMid Cap Conference at the Westin River North in...




 
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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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