https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Agents
  • Cloud Service Providers
  • Channel Partners Events
 Channel Futures

Telephony/UC/Collaboration


FairPoint Faces Challenges Despite Bankruptcy Exit

  • Written by Channel
  • February 3, 2011
Can FairPoint win back customers now that its no longer mired in bankruptcy?

Despite emerging from bankruptcy last month and shedding $1.8 billion in debt, FairPoint Communications still faces considerable challenges.

In assigning ratings to FairPoints creditworthiness for the first time since the telecom provider filed bankruptcy, Moodys Investors Service expressed concerns about FairPoints ability over the long term to remain competitive in the states where it generates the lions share of its business Maine, New Hampshire and Vermont.

Despite spending significant capital to expand the reach of its high speed network across the three northern New England states, significant execution risks remain, including the challenge to win back customers who have migrated to competitive providers,” Moodys Vice President and Senior Credit Officer Gerald Granovsky said in a statement.

Charlotte, N.C.-based FairPoint generates some of the lowest EBITDA (earnings before interest, taxes, deprecation and amortization) margins among incumbent wireline carriers that Moodys rates, according to the New York-based ratings agency. Moodys said FairPoints goal to shift to a more competitive cost structure may limit the companys ability to grow if it needs to add capacity to its network or devote greater spending to marketing and promotional activity.”

Moodys also expressed some doubt over whether FairPoints revenues in growing areas of the business, including high-speed Internet lines and enhanced communications services to businesses, would rise faster than the declines in the companys legacy voice revenues.

FairPoint filed for bankruptcy in October 2009. 

In March 2008, the company acquired Verizon Communications wireline operations in northern New England, making FairPoint the eighth largest telephone provider in the United States. But the company faced problems transitioning Verizons order flow and billing systems. FairPoints operating systems may need further adjustments as the company attempts to increase its revenues, according to Moodys.

FairPoint operates in 18 states, serving about 1.5 million access lines. Roughly 85 percent of the companys business is in northern New England, according to a company spokesperson.  

Tags: Agents Business Models Telephony/UC/Collaboration

Related


  • CwCJ Logo 2020
    Coffee with Craig and James Episode No. 92: Fusion Connect, Master Agent M&A
    We get the inside scoop from Fusion Connect channel chief Rick Ribas and talk mergers with an industry expert.
  • Businesswoman with help sign
    SMBs Need Channel Partners to Help with Long-Term Remote Working
    Research shows UK SMBs need help from partners with their technology investments.
  • Growth
    ARG Acquires Another Consultancy, Seeks 'Growth-Minded' MSPs, Agents
    ARG is seeking MSPs and agents who would like to form an alliance.
  • Workforce reinvention
    Five9 Shares Insights on Implementing a DE&I Strategy
    A culture of awareness and empathy starts with listening and sharing.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Ujet, Peerless Network Enter Master Agent Agreements with PlanetOne, Intelisys
  • Agents Voice Concerns, Hopes for Master Agent Consolidation
  • AT&T Adds Mobile Cloud PBX to RingCentral-Powered Collaboration Solution
  • Telarus Vet Ends Short 'Retirement,' Will Lead PPT Solutions' Channel Sales Strategy

Galleries

View all

Recent M&A Frenzy Highlights Trend of Private Equity Firms Targeting MSPs

April 22, 2021

Industry Perspectives

View all

What the Recent Microsoft Exchange Vulnerabilities Mean for Channel Partners

April 21, 2021

Annual MSP Benchmark Survey Reveals Remote Work Still a Top Challenge

April 20, 2021

Why Digital Transformation Is the ‘Invisible Hand’ of Our Time

April 19, 2021

Webinars

View all

Health Care and SD-WAN: A Seller’s Guide

April 27, 2021

How MSPs Can Leverage SOCaaS to Improve Security & Grow Revenue

May 20, 2021

Agility & Engagement Lessons for Driving Growth

February 11, 2021

White Papers

View all

Hacker Personas: A Deeper Look into Cybercrime

April 20, 2021

Carbonite Data Protection and Cyber Resilience

April 15, 2021

Top Tips: How Resellers Can Leverage Rackspace to Enhance Customer’s Cyber Security Protection with Microsoft 365 Security

March 30, 2021

Upcoming Events

View all

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

MSP Summit

November 1, 2021 - November 2, 2021

Channel Evolution Europe

November 30, 2021 - December 1, 2021

Videos and Fastchats

View all

ACC’s Nancy Ridge on Gender Diversity in the Channel

5 Reasons Diversity, Equity and Inclusion Is Important

April 14, 2021

Five9 Shares Insights on Implementing a DE&I Strategy

April 13, 2021

FASTCHAT: How Fortinet Reduces Complexity Through Networking, Security

March 31, 2021

Twitter

ChannelFutures

#MSP acquisitions are seriously taking off as private equity firms are chomping at the bit to buy. We asked our par… twitter.com/i/web/status/1…

April 22, 2021
ChannelFutures

.@TrendMicro rolls out revamped #partnerprogram. #cloudsecurity dlvr.it/RyFPk8 https://t.co/Pkwba4Ue7d

April 22, 2021
ChannelFutures

.@NetAppPartners will be able to co-sell @rubrikInc cloud data management and protection. dlvr.it/RyFPfQ https://t.co/Ot1Jsq9ZcS

April 22, 2021
ChannelFutures

We have the ability to make a difference in the tech industry, but that can only happen when we all work together t… twitter.com/i/web/status/1…

April 22, 2021
ChannelFutures

#Upstack hires Scott Forbush as CRO to lead inorganic growth strategy. @C_Trapp dlvr.it/RyDDb6 https://t.co/B3AAcb587S

April 22, 2021
ChannelFutures

RT @InformaTechHQ: Happy #WorldEarthDay! To mark the day our CEO Gary Nugent highlights the importance of technology and how it can be a dr…

April 22, 2021
ChannelFutures

.@cisco and @HP make huge #sustainability pledges for @EarthDay #EarthDay dlvr.it/RyCyNG https://t.co/T56157sj6p

April 22, 2021
ChannelFutures

.@pulsesecure #VPN hack prompts federal emergency directive. dlvr.it/Ry9TWn https://t.co/5KKQWvGYRN

April 21, 2021

MSSP Insider

Business advice for MSSPs and news from the broader security channel.

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Galleries

Educational slide shows and images from live events.

Media Kit And Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Events
  • Telecoms.com
  • MSP 501
  • Black Hat
  • IoT World Today
  • Omdia

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X