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
- Inside Sempra’s 72-mile pipeline with 18 major trenchless crossings
- Trump vetoes bill to finish $1.3 billion Colorado water pipeline
- PHMSA warns of heat risks in aging plastic gas distribution pipelines following deadly Pennsylvania explosion
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- OSHA seeks $1.2 million fine after fatal trench collapse in Connecticut
- Worm-like robot burrows underground to cut power line installation costs
- First tunnel boring machines complete testing for Hudson Tunnel Project
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Construction jobs stumble into 2026 after weak year
- NWPX grows water infrastructure portfolio with Colorado precast facility
Comments