PORTLAND — Regulatory hearings have kicked off in Maine on FairPoint Communications’ reorganization plan as the company winds its way through the complex bankruptcy process.

The Maine Public Utilities Commission began two days of hearings today on FairPoint’s petition seeking regulatory approval of its bankruptcy reorganization plan and modifications to the commission’s 2008 order approving FairPoint’s $2.3 billion purchase of Verizon’s landline and Internet operations in Maine, New Hampshire and Vermont.

Additional hearings are scheduled later this month in New Hampshire and Vermont.

Weighed down by heavy debt and operational problems that led to customer defections, FairPoint filed for Chapter 11 bankruptcy last October.
 


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