FairPoint hits broadband goal
FairPoint Communications announced yesterday it has met a state goal to expand broadband access to 83% of its customers.
The North Carolina-based company said it added more than 260 new high-speed Internet sites in the state and made broadband available to more than 44,000 additional homes and businesses, according to a press release. Since April 2008, the company has invested more than $135 million in communications infrastructure in northern New England, including $37 million in Maine, where broadband availability rose from 68.9% to 83.4%.
State utilities regulators had previously expressed concern that the company would not meet the 83% goal by the end of 2010, a deadline the state and FairPoint set when the company bought Verizon's northern New England landlines in 2008. FairPoint must extend broadband to 87% of its service area in five years, hitting 85% by July 2012. The company recently emerged from bankruptcy, shedding $1.7 billion in debt.
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