Maine public advocate urges price cut on Verizon sale

By Francis X. Quinn, Associated Press Writer | October 13, 2007 AUGUSTA, Maine --Maine's consumer advocate wants two telecommunications companies to restructure their proposed sales agreement to reduce the cost by $600 million in an effort to make the planned new entity more financially viable.

FairPoint Communications Inc. of North Carolina proposes buying Verizon Communications Inc.'s landline business in northern New England for $2.7 billion. A lower price is one of 23 conditions that Maine Public Advocate Richard Davies says should be imposed by the Maine Public Utilities Commission before the acquisition is approved.

formatting link

Reply to
Mr Joseph Singer
Loading thread data ... Forums website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.