NH bails out FairPoint, gives access to $50M fund - FierceTelecom
May 14, 2009
New Hampshire officials Thursday tossed floundering FairPoint Communications a lifeline, allowing the company to tap into a $50 million fund earmarked for capital and operating expenses in the state to help restore the company's liquidity and help reinforce its fragile financial position. Officials also hoped the cash would be used to help improve deteriorating network infrastructure.
New Hampshire officials Thursday tossed floundering FairPoint Communications a lifeline, allowing the company to tap into a $50 million fund earmarked for capital and operating expenses in the state to help restore the company's liquidity and help reinforce its fragile financial position. Officials also hoped the cash would be used to help improve deteriorating network infrastructure.
posted by Connect Ohio at
10:13 AM
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