Wednesday, December 24, 2008

12/24 buy : FairPoint Communications (FRP) @ $3.30

ex-dividend date 12/29/08
dividend  $0.2575  (31%)
payable   1/16/08

FairPoint Communications, Inc. (FairPoint) is a provider of communications services in rural and small urban communities, offering an array of services, including local and long distance voice, data, video and Internet and broadband product offerings. It operates in 18 states with 305,777 access line equivalents (including voice access lines and high speed data lines, which include digital subscriber lines (DSL), wireless broadband and cable modem) in service as of December 31, 2007. On January 15, 2007, the Company entered into an Agreement and Plan of Merger with Verizon Communications Inc. (Verizon), and Northern New England Spinco Inc., a subsidiary of Verizon (Spinco), Pursuant to the merger agreement, Spinco will merge with and into FairPoint. The Company offers a portfolio of communications services for residential and business customers in each of the markets, in which it operates.




Headquarters:521 East Morehead Street
Suite 250
Charlotte, NC 28202
Web Address:
http://www.fairpoint.com/


No comments: