CONCORD, N.H. — New Hampshire regulators have approved a plan by FairPoint Communications to work itself out of bankruptcy.
The state Public Utilities Commission released is 78-page order today.
Last week, Vermont regulators rejected FairPoint’s plan, saying they could not find that FairPoint has demonstrated the financial capability to meet its obligations. Maine regulators approved FairPoint’s plan last month.
In 2008 the North Carolina-based company bought the Verizon landline and internet networks in Maine, New Hampshire and Vermont. FairPoint declared bankruptcy in October.
2:41 p.m.
CONCORD, N.H. — New Hampshire regulators are expected to release a decision on a plan by FairPoint Communications to work itself out of bankruptcy.
Debra Howland, executive director of the state Public Utilities Commission, said that a decision was expected today.
Last week, Vermont regulators rejected the plan, saying they could not find that FairPoint has demonstrated the financial capability to meet its obligations. Maine regulators approved FairPoint’s plan last month.
The North Carolina-based company, which took over the former Verizon Communications landline and Internet networks in Maine, New Hampshire and Vermont in early 2009, declared bankruptcy in October.
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