Verizon Sells Maine, N.H, and Vermont

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J Fred
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Verizon Sells Maine, N.H, and Vermont

FYI

http://www.fairpoint.com/merger_press_release.html

Verizon and FairPoint Agree to Merge Verizon's Wireline Businesses in Maine, New Hampshire and Vermont With Current Operations of FairPoint

--------------------------------------------------------------

-- Verizon to Spin Off These Wireline Businesses Prior to Merger --

FairPoint to Add Jobs, Provide Seamless Transition for Current Employees and Invest in Increased Broadband Access for Consumers in Northern New England

NEW YORK
Verizon Communications Inc. (NYSE: VZ) and FairPoint Communications, Inc. (NYSE: FRP) today announced definitive agreements that will result in Verizon establishing a separate entity for its local exchange and related business assets in Maine, New Hampshire and Vermont, spinning off that new entity to Verizon's stockholders, and merging it with and into FairPoint.

Bob MacGregor
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Verizon Sells Maine, N.H, and Vermont

[quote]Verizon Sells Maine, N.H, and Vermont [/quote]

I hope they got a good price for us.

Catherine
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Verizon Sells Maine, N.H, and Vermont

This is great news for us! Patrick is a Business Relations Manager for Fairpoint. They are an EXCELLENT company to work for... just EXCELLENT. I am a HUGE FAIRPOINT FAN!!!

Naran
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Verizon Sells Maine, N.H, and Vermont

Quick! Let's all empty our change jars, and run out and buy stock!

MikeL
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Verizon Sells Maine, N.H, and Vermont

Does this mean I might get a different answer when I ask if I can get DSL or fiber optic? The last time I called Verizon, after the laughter stopped, the answer was "You're kidding, right?"

Bob Stone
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Verizon Sells Maine, N.H, and Vermont

I think this sale says a lot about the long term economic prospects for Northern New England.

pmh
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Last seen: 9 years 7 months ago
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Verizon Sells Maine, N.H, and Vermont

A friend of mine wants DSL but Verizon says he's just barely too far out of town. There's a fiber optic junction box on the pole at the end of his drive. Someone else, farther away from the switching station, isn't "too far"!

Catherine
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Verizon Sells Maine, N.H, and Vermont

Fairpoint has been investing in rural service for years now. You can expect increased service to rural customers as that is Fairpoints target customer.

Verizon has wanted out of Maine for YEARS, but the PUC has not allowed them to leave. As a result, they have invested ZILCH in Maine customers.

J Fred
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Verizon Sells Maine, N.H, and Vermont

[quote="Bob MacGregor"][quote]Verizon Sells Maine, N.H, and Vermont [/quote]

[quote]I hope they got a good price for us.[/quote]

Hey, gimme a break! I was stunned. :shock:

Catherine
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Verizon Sells Maine, N.H, and Vermont

This has been in the works for a VERY long time. :)

No surprise at all to me. :) They tried a few months ago to do it but the PUC had a few more hoops Fairpoint had to jump through first.

They are expanding their office in South China. Lots of new jobs!

UncleJaque
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Last seen: 4 years 8 months ago
Joined: 09/14/2004 - 12:01am
Since we moved...

to Monmouth, we're on Fairpoint.

It was a bit dodgey at first; getting connected took a while and multiple phone calls on our Verizon cell phones (good thing we had 'em), and longer to get some phone books. After I popped in to the Winthrop office they finally gave me one, and they've come in the mail since.
Better late than never...

After we got all that sorted out though, it's been OK.

Come to think of it, Verison is a bit dodgey too; it was nearly impossible to talk to a real human being when trying to access "service", and my relationship whith their d@mN6 tele-robots started on a bad footing and quickly degenerated from there.

We pay about $70 a month for our cellulars, and they sort of work sometimes... if and when you find the "sweet spot" where it'll connect. There is a huge repeater tower in an apple orchard not a quarter mile up the hill from us, but I have to stand in the front picture window in order to call out.
Go figure....

That and we keep getting calls for people we've never heard of; some "oriental" person keeps calling the Mrs., which is a little weird. I get very odd, cryptical messages sometimes that make me wonder if they think I'm their KGB contact or something. How bizzare!

Our internet connection used to be via. Adelphia, which was fine... then Time Weiner took 'em over, much to my consternation, as we had them in Yarmouth and they were utterly horrid. But it isn't quite as bad here for some reason, so far so fair. I still get leary of monopolies.

HardHat
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Verizon Sells Maine, N.H, and Vermont

I dumped Fair(?)Point for Vonage several months ago and have never been happier. They specialized in one-horse telephone companies where they could charge excessive rates to a captive clientele. I expect this will continue "for the stockholders".

I remember when I changed over they asked me why I was terminating service and I said, "Competition. Isn't it great?!"

Editor
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Verizon Sells Maine, N.H, and Vermont

Maine Government News
Governor Comments on Merger of Verizon Local Telephone Operations with FairPoint

January 16, 2007
Governor's Office

AUGUSTA - “I am confident that the Maine Public Utilities Commission, in its capacity to review such telecommunications mergers, will ensure that Maine employees and consumers are protected,” said Governor John Baldacci. “I look forward to the vigorous scrutiny of the PUC as the prescribed process moves ahead.”

[url=http://www.maine.gov/tools/whatsnew/index.php?topic=Portal+News&id=28684...

pmh
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Verizon Sells Maine, N.H, and Vermont

Roger that on speaking to a breathing person for Verizon service/information/assistance on ANY element of their so-called service. But if you're persistent and lucky (being retired helps with the "you're on hold so please wait" gambit) things can be made to happen. One is reminded of the possbly real but defnintely amusing (actually side-splitting) Peter Ustinov routines of getting a visa from a totally disinterested eastern European border guard.

HardHat
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Verizon Workers Protest Telephone Deal

FairPoint is looking to buy Verizon's phone lines in Maine, Vermont and New Hampshire for $2.7 billion. The union workers want all 3 states' Public Utilities Commission to [url=http://www.wcsh6.com/news/article.aspx?storyid=54024]stop the sale[/url].

Anonymous
Verizon Sells Maine, N.H, and Vermont

[quote="Catherine8679"]This is great news for us! Patrick is a Business Relations Manager for Fairpoint. They are an EXCELLENT company to work for... just EXCELLENT. I am a HUGE FAIRPOINT FAN!!![/quote]

Hey Kid, now that Fairpoint owns Maine, can I be governor? Huh, comon please. Twist Patricks arm, let him sleep on the couch till he says "YES, he can be governor." If not can I get a free fishing license?

BlueJay
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Verizon Sells Maine, N.H, and Vermont

Hm-m. Do you suppose Fairpoint will get rid of the terrible, horrible, sickening voice response system that Verizon has? If they ever recorded my responses to that thing.....ugh.
Now, does this mean that we can maybe get DSL 10 miles from the Statehouse? :) (Hey, Roger, maybe there's hope yet for you folks, too).

Anonymous
Verizon Sells Maine, N.H, and Vermont

Good article, I just posted it on Christian-news-in-maine.com. Thanks.

HardHat
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Sides jousting over Verizon sale

FairPoint Communications filed a legal memo Thursday with the Maine Public Utilities Commission that attempts to limit what labor unions can say about its proposed purchase.

Meanwhile, hundreds of union workers from across the region held a weekend rally in Portland to protest the $2.7 billion sale, which must be approved by the commission.

The two events help show the tactics each side is using: [url=http://business.mainetoday.com/news/070306fairpoint.html]FairPoint is working behind the scenes to undermine the sale's most vocal adversary, while labor is trying to drum up public support to influence state utility regulators[/url].

Naran
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Verizon Sells Maine, N.H, and Vermont

[quote][b]Sides jousting over sale of phone network [/b](another article, same name)

March 6, 2007

PORTLAND, Maine --Regulatory hearings on the sale of Verizon's phone network in Maine and the rest of northern New England are months away, but the role that workers will play in the proceedings is still up in the air.

Hundreds of union members rallied last weekend in Portland to protest the $2.7 billion sale to FairPoint Communications, which requires state Public Utilities Commission approval. The PUC must consider rates and quality of service in making its decision.[/quote]

[url=http://www.boston.com/news/local/maine/articles/2007/03/06/sides_joustin...

Catherine
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Verizon Sells Maine, N.H, and Vermont

[quote]Customer service representatives, for instance, earn $27 an hour plus benefits, and workers don't want to lose what they've won during years of negotiation with Verizon.[/quote]

That's too much!

FPNE reps CAN earn that much... but they have to actually earn it by cross-selling and upselling.

Naran
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Verizon Sells Maine, N.H, and Vermont

[quote][b]Proposed Verizon sale to Fairpoint draws protests[/b]

May 16, 2007

EXETER, N.H. --Opponents of Verizon Communications Inc.'s plan to sell its landline telephone business to Fairpoint Communications Inc. turned out in droves for a hearing by state regulators, questioning whether the smaller company could handle a crisis like last month's floods.[/quote]

[url=http://www.boston.com/news/local/maine/articles/2007/05/16/proposed_veri...

Gaffer
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Verizon Sells Maine, N.H, and Vermont

It strikes me as funny to see the people complain that Fairpoint would not be able to serve as well as Verizon. These are the same people who willingly and eagerly changed to other telephone services and left Verizon. It is this movement away from verizon that has them trying to sell off the land lines. It is a money loser and these people want them to stick with it until the dial tone goes dry. Isn't that swell?
Many of the altenative services won't even give you dial tone during a large power failure, yet the public wants the Verizon service to be kept even when its losing money. Government broke up the best telephone service in the world and I for one hope that you all cry "Uncle."

Country
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Verizon Sells Maine, N.H, and Vermont

[quote]AUGUSTA - “I am confident that the Maine Public Utilities Commission, in its capacity to review such telecommunications mergers, will ensure that Maine employees and consumers are protected,” said Governor John Baldacci. “I look forward to the vigorous scrutiny of the PUC as the prescribed process moves ahead.”[/quote]

Steve Ward, long time Public Advocate, was recently replaced by Dick Davies, one of Baldacci's people. I wonder if this did something to grease the skids.

Tom C
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Verizon Sells Maine, N.H, and Vermont

[quote="Catherine"][quote]Customer service representatives, for instance, earn $27 an hour plus benefits,[/quote]

Whoo-hoo, $27 an hour! Where do I sign up?!?

[quote]FPNE reps CAN earn that much... but they have to actually earn it... [/quote]

Oh.

I have to EARN it?

To heck with it, then.

Hey, pal, this MAINE.

Why should I have to EARN it - when I can sit on my butt and the state will send me a check and give me free healthcare for doing nothing?

I mean, the Dirigo Moose makes a dump in the mailbox the first of the month, whether you work or not.

Naran
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Verizon Sells Maine, N.H, and Vermont

[quote][b]Regulators:
Take a hard look at FairPoint deal[/b]

There's been a high-speed volley of assertions and denials this week ....

Financial services giant Morgan Stanley & Co. issued a report that suggests that Fairpoint "is in a vulnerable position" and is perhaps not sound enough financially to successfully assume the (Verizon) transaction's $1.7 billion debt.

FairPoint fired back on Friday that Morgan Stanley's analysis was based on "false" information and claimed the company would be "financially stronger after the merger." [/quote]

[url=ttp://kennebecjournal.mainetoday.com/view/columns/4003762.html]Source[/url]

Country
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Verizon Sells Maine, N.H, and Vermont

Another WorldCom in the making?

Mike Lange
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Verizon Sells Maine, N.H, and Vermont

This is another classic case of "Who do you believe?"

1. Morgan Stanley
2. The Maine PUC
3. Fairpoint
4. The unions

All have a vested interest in the sale - or lack thereof. Frankly, I don't see where the PUC has the legal power to block the sale, but I'm not an attorney.

I just had my final go-round, hopefully, with Verizon after I tried to cancel a line at my lodge office one month ago.

I was on the phone for 20 minutes as the customer service rep, who I suspect was overseas, fiddled and diddled with my request, once claiming that we didn't exist as an account.

After he finally assured me that things were OK, I got a bill for a month's service for the disconnected line in the mail Friday. :x

bonger
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Verizon Sells Maine, N.H, and Vermont

Mike, on disconnects it extremely important to get the name of the operator, and know the exact time and date the conversation occurred, as when you go back and attempt to complain, you a least have some assurance that a conversation occurred.

The union's attempt at smearing Fairpoint rings shallow. Verizon, has not been seriously investing in Northern NewEngland for a long time. In the 1996 Telecommunications Act, the law allowed a new type of entity called a CLEC (Competitive Local Exchange carrier) to exist. This designation allows a company who does not have a physical presence (ie does not own the physical telephone or CO (Central Office) lines in a community) to be able to use the ILEC (Incumbent Local Exchange Carrier) lines. There are about a half dozen ILECs in the state of Maine including Verizon and Fairpoint. There are also some companies which serve as both an ILEC and a CLEC, (ie. Country Roads and Oxford Networks). Examples of CLECs would be GWI and USA Telephone. The CLECs usually co-locate equipment in the CO of an ILEC. The lines to a home are then "leased" to the CLEC when the customer switches to the CLEC. So this means you no longer need to have an ILEC as your only choice when getting service to a home. Surprisingly, you will find that going with a CLEC is a cheaper then Verizon, one reason is that they usually don't have all of the bureaucracy and overhead that a union entails.

I too find the statement by the Union about less quality of service and the ability to expand to new technologies will be hampered. Since I work for a CLEC, I find that this is outrageous since Verizon has had no plans to upgrade their services in Northern NewEngland. In Mass, they have been expanding true Fiber to the Premise everywhere. In Mass alone this is an extremely expensive process, and just think that Mass is just 1/5 (at best) the state of Maine. So to say that blocking this deal and sticking with Verizon won't harm customers is a little far fetched. If Verizon was so technologically advanced, you would here them rolling out things like ADSL2 and other such technologies that are better and faster. But from Verizon's standpoint they just want to sell the business, as they know, they can't compete at the Union wages they pay....

Chairman
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Verizon Sells Maine, N.H, and Vermont

[quote="bonger"]...CLEC...ILEC...CO...GWI...USA....[/quote]

My head is reeling. :shock:

MikeL
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Verizon Sells Maine, N.H, and Vermont

Three years ago I went to the Verizon web-site, entered my phone number and clicked a button. A few seconds later it said: [b][i]Congratulations! You qualify for DSL![/i][/b] Well I damn near soiled myself at the prospect of paying one-fiftieth (that's right) the cost of my T1 line. I sent a $100 deposit and in a few days got a self-installation kit. I set it up, turned it on, ... nothing.

After five (5) on-site visits by technicians over about a month, I got a phone call from Verizon: [b][i]Whoopsie! It turns out you don't qualify for DSL.[/i][/b] I boxed up the kit and sent it back. Six months later (that's right) they sent my deposit back.

At least once a month ever since I have received calls inviting me to sign up for Verizon DSL, despite the fact that their web-site says I don't qualify and has said that since the fiasco 3 years ago.

With stellar customer service like that, I say: bring on FairPoint. Heck, bring on the Keystone Kops.

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