FairPoint takeover date set
The state's Public Utilities Commission has accepted FairPoint Communications' plan to take over operation of Verizon's wired phone and Internet business in Maine early next year.
Regulators don't anticipate any major operational issues that would significantly hamper consumers' use of the network during the switch, PUC Chairman Sharon Reishus said Tuesday, according to the Associated Press.
The "cutover" has been delayed several times since FairPoint's $2.3 billion purchase last spring of Verizon's landlines in Maine, New Hampshire and Vermont.
Conditions of the commission's approval include that FairPoint will make high-speed Internet service available to 83% of its customers within two years and spend $57.5 million on broadband build-out, according to a press release. The company also is expected to cut by $18 million the annual consumer cost for basic business and residential telephone service in Maine.
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