FairPoint Set to Emerge from Bankruptcy

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Telecommunications company, FairPoint Communications could emerge from bankruptcy by the end of this month or early next month. This was facilitated by the state of Vermont’s approval of the company’s reorganization plans, something that two other states, namely New Hampshire and Maine have already done. If this happens FairPoint would be free to focus on its other major problem which is the declining popularity of land phone lines.

About 40% of its landline customers in New Hampshire have ceased their subscriptions since the cutover from Verizon systems began two years ago. The number of access lines in the state declined from 415,671 in January 2009 to 252,309 in November 2010. No data after November is available yet.

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