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November 25, 2009

FairPoint reports revenue loss

FairPoint Communications recently reported a $77 million loss in the quarter ending Sept. 30.

Revenues for the North Carolina-based telecommunications company were $268.3 million, an 18.3% drop over the same quarter in 2008, according to the Associated Press. The company's total voice access lines in service fell 9.3% between last September and this September.

So far this year, FairPoint has lost $103.9 million, according to the AP.

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