Cheap international calling cards Cheap card
Buy phone card
Best rates cards
Your account
1. Choose from and where you'll call
from to
2. Buy a phone card you selected
3. Get your PIN code on e-mail immediately
     

FairPoint Reports $10-Million First-Quarter Loss, in Wake of Verizon Deal


17/05/2008

FairPoint Communications Inc., a small local and long distance telephone company which recently acquired Verizon’s landline businesses in three New England states, reported a net loss of $10 million for the first quarter, compared to a combined profit of $10 million in the same period a year earlier.

FairPoint officially became America’s eighth largest local telephone carrier on March 31 when it acquired Verizon’s landline operations in Vermont, Maine, and New Hampshire, in a deal worth $2.3 billion. FairPoint’s accounting for the first quarter includes financial results from these three divisions, even though they were still formally owned by Verizon at the time.

The combined company generated revenue of $349 million in the first quarter, down from $367 million in the first three months of 2008. This drop in sales is a result of an ongoing market trend away from landline phones and towards alternative technologies such as wireless and VoIP.



 

Related News

 
FCC Approves FairPoint-Verizon Deal in New England States
11/01/2008
America’s Federal Communications Commission has approved FairPoint Communications Inc.’s proposed acquisition of Verizon’s fixed-line telephone businesses in Maine, New Hampshire, and Vermont.“In providing the approval for the necessary license...
 
Verizon Reports 4% Growth in Fourth-Quarter Profits
29/01/2008
U.S. telecom giant, Verizon Communications, announced yesterday that it experienced a 4% growth in profits in the fourth-quarter, as its fast-growing mobile phone business continued to outpace losses in the fixed-line telephone market.Verizon’s profit for the...
 
Verizon Wireless Deal Fuels Surge in Bridgewater Stock
15/09/2009
Manitoba’s incumbent telecom carrier, MTS, announced yesterday that it had obtained regulatory approval for a plan to build a shared mobile broadband network with larger rival, Rogers Wireless.MTS and Rogers will share the cost of the new network, which will...
 
Verizon Seeks to Stem Fixed-Line Losses by Bundling Landline with Wireless
03/10/2007
U.S. telecom giant, Verizon Communications, has introduced a new service that integrates landline and cell phone services, amid growing competition from cable companies and other wireless carriers.Verizon’s new bundle of fixed and mobile services comes with...
 

Best rates calling cards from:

Albania
Angola
Argentina
Armenia
Australia
Austria
Belarus
Belgium
Bermuda
Bolivia
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Canada
Chile
China
Colombia
Costa Rica
Croatia
Cuba Guantanamo
Cyprus
Czech Rep.
Denmark
Dominica
Ecuador
Egypt
El Salvador
Estonia
Fiji Isl.
Finland
France
French Antilles
French Guiana
Georgia
Germany
Ghana
Gibraltar
Greece
Guadeloupe
Guam
Guatemala
Haiti
Hong Kong
Hungary
Iceland
India
Indonesia
Iraq
Ireland
Israel
Italy
Ivory Coast
Jamaica
Japan
Kazakhstan
Kenya
Korea South
Kuwait
Latvia
Liechtenstein
Lithuania
Luxembourg
Macao
Macedonia
Malawi
Malaysia
Malta
Mauritius
Mexico
Monaco
Nepal
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Palestine
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Romania
Russia
Saudi Arabia
Senegal
Serbia
Singapore
Slovakia
South Africa
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Turkey
Uganda
United Kingdom
Ukraine
Uruguay
Unated States
Uzbekistan
Vatican
Venezuela
Yemen
Zambia
Zimbabwe
Home | News | Legal | References | Help | Feedback | Account | Order card | Country codes | Best rates Copyright © 2008 CheapCard.org