FairPoint in Talks to Revamp Its Debt
Wall Street Journal, September 29, 2009
By Mike Barris
FairPoint said it is in talks with some of its lenders about restructuring its debt, which could lead to a bankruptcy filing. The phone company was weighed down by its $2.3 billion acquisition of Verizon's landlines in New England. The acquisition took it from being a small rural operator to the eighth-largest American phone company.
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