Vermont Utility Regulators Give Final Nod to FairPoint Deal
MONTPELIER, Vt. (AP) – Vermont utility regulators have given final approval to a deal that will allow the state’s largest landline telecommunications company to be acquired by an Illinois Company.
The Vermont Public Service Board decision that was released Monday says the combined company that will be owned by Consolidated Communications will be about twice the size of FairPoint Communications, the company that provides the services now.
Consolidated is working to acquire FairPoint in Vermont, New Hampshire and Maine.
The Vermont board says the combined company will be more financially stable than FairPoint, with stronger credit ratings, more flexible access to capital, and greater revenue diversity.
The board says Consolidated will invest more in its communications infrastructure, introduce in Vermont new video streaming products and automated home security services.
Related News
From Archive
- OSHA investigates fatal trench collapse at Conroe construction site
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Texas811 launches real-time excavation detection to prevent utility strikes
- Oil pipeline struck during fiber optic construction spills into L.A. storm drains
- Fiber drilling strike triggers major sewer failure, lawsuits in Florida
- Fatal trench collapse in Mass. leads to $4.6 million OSHA penalty, dozens of violations
- Texas811 launches real-time excavation detection to prevent utility strikes
- Race Communications breaks ground on Bakersfield fiber network
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Inside Infrastructure: Utility locators warn of systemic failures in damage prevention process
Comments