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January 24, 2008

N.H. makes a deal with FairPoint

FairPoint Communications today said it had reached an agreement with the staff of the New Hampshire Public Utilities Commission regarding its proposed acquisition of Verizon's landlines in New Hampshire.

The New Hampshire settlement is similar to the agreements made with the staff at the Maine Public Utilities Commission and Vermont Department of Public Service, according to a press release. The Maine PUC approved the $2.7 billion sale Jan. 3, while the Federal Communications Commission voted 3-2 to allow the sale on Jan. 9.

In addition to the key conditions in the settlements with Maine and Vermont, New Hampshire has asked for conditions that address capital expenditures, network and service quality improvement plans, broadband expansion and assurances of financial viability that will benefit the state, the release says.

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