WebThe Kearney Courier
 
Saturday, July 31st, 2010
Follow Us

Reader Poll

Do you plan to vote in the Aug. 3 primary election?
 

Job Search

FairPoint files for bankruptcy; services unaffected PDF Print E-mail
News - Business
Written by The Kearney Courier   
Wednesday, 28 October 2009 14:33
FairPoint Communications has filed for Chapter 11 bankruptcy.

Services will continue uninterrupted as the company restructures. The business is not closing, officials said Wednesday, Oct. 28.

A press release dated Monday, Oct. 26, on the company’s Web site — www.fairpoint.com — stated that the company had reached an agreement on a “comprehensive financing restructuring plan.”

“The bottom line is it’s going to give us liquid assets,” said JoAnn Lawson, FairPoint spokeswoman in Kearney.

FairPoint provides more than 3,000 phone lines to 2,711 customers in the Kearney area. The company also provides Internet and cable television services. FairPoint serves customers in Platte City, Peculiar, Americus and other rural towns in Missouri.

“Above all else, we want the customers to know this will not be service affecting in any way,” Lawson said.

The restructuring plan is expected to reduce the company’s debut by $1.7 billion, according to the press release. FairPoint also serves customers in New England, Ohio, Illinois, Oklahoma, Kansas, Florida, Idaho and Washington.

 

Pick up the Thursday, Nov. 5, edition of The Kearney Courier for more details.

Comments (0)Add Comment

Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.

busy