FairPoint Communications, Inc. (FRP) - NASDAQ
  • Wed, May 4, 6:08 AM
    • FairPoint Communications (NASDAQ:FRP): Q1 EPS of $0.68 may not be comparable to consensus of $1.06.
    • Revenue of $206.81M (-3.3% Y/Y) beats by $3.11M.
    • Press Release
    | Wed, May 4, 6:08 AM
  • Thu, Apr. 14, 4:33 PM
    • FairPoint Communications (FRP +1.6%) says its executive VP and general counsel, Shirley Linn, is retiring.
    • The move is effective May 9, the company notes in a filing. Her functions will be performed by other members in the legal department, as no replacement has been set for her yet.
    • Now read FairPoint Communications: Worst-Run Telco I've Ever Seen »
    | Thu, Apr. 14, 4:33 PM
  • Tue, Mar. 29, 8:35 PM
    • Consumer group AARP is now backing a deregulation bill that ends a requirement for price-controlled landline service in Maine from FairPoint Communications (NASDAQ:FRP), after it was amended with stronger consumer protection.
    • That means the bill is moving forward. AARP had opposed the bill over concerns that the company could abandon customers dependent on their landlines, or charge higher rates.
    • The amended bill removes a requirement that FairPoint provide wireline service to seven cities, and could do the same for five additional communities every six months, up to a cap of 22. Where FairPoint still provides service, rates would be capped at $20/month and rate increases limited to 5%/year.
    | Tue, Mar. 29, 8:35 PM | 2 Comments
  • Wed, Mar. 2, 10:49 AM
    • FairPoint Communications (NASDAQ:FRP) is off 5% after its Q4 results came with a miss on revenues as voice service sales dropped 11%.
    • Net income of $42.3M was a swing from a year-ago loss of $43.6M. EBITDA of $63.9M beat an expected $60.6M.
    • Revenue breakout: Voice services, $77.4M (down 11.2%); Access, $62.1M (down 1.8%); Data and Internet services, $44.9M (up 1.5%); Regulatory funding, $13.1M (up 16.3%); Other services, $12.3M (up 9.8%).
    • In the company's strategic characterization of revenues: Growth revenue down $0.9% (1.4%); convertible revenue down $2.4M; legacy revenue down $3.4M; regulatory funding revenue down $4.8M; miscellaneous revenue down $0.4M.
    • It's guiding to $105M-$120M in unlevered free cash flow for 2016, and full-year EBITDA of $245M-$255M, in line with expectations. Annual capex is expected to come in at $115M-$120M.
    • Conference call link
    • Press Release
    | Wed, Mar. 2, 10:49 AM
  • Wed, Mar. 2, 6:03 AM
    • FairPoint Communications (NASDAQ:FRP): Q4 EPS of $1.56 beats by $0.28.
    • Revenue of $209.82M (-3.4% Y/Y) misses by $3.03M.
    • Press Release
    | Wed, Mar. 2, 6:03 AM
  • Wed, Jan. 20, 10:08 PM
    • A restructuring means that FairPoint Communications (FRP -1.6%) Chief Revenue Officer Anthony Tomae is leaving the company Jan. 29.
    • Peter Nixon, the executive VP for Revenue and External Affairs is taking on added responsibility for the company's sales, marketing and product development to pick up Tomae's duties. He'll continue reporting to CEO Paul Sunu.
    • The company's expected to report its Q4 earnings on March 3.
    | Wed, Jan. 20, 10:08 PM
  • Nov. 3, 2015, 6:21 AM
    • FairPoint Communications (NASDAQ:FRP): Q3 EPS of $1.96 beats by $1.04.
    • Revenue of $221.57M (-2.9% Y/Y) beats by $6.53M.
    | Nov. 3, 2015, 6:21 AM
  • Oct. 2, 2015, 6:05 PM
    • The leader of Maine's Unemployment Insurance Commission has reversed a decision giving unemployment benefits to workers involved in a strike against FairPoint Communications (NASDAQ:FRP), prompting anger from two unions.
    • The commission's chairwoman, acted alone in reversing the move because of a vacancy on the panel. The IBEW's Pete McLaughlin said the move was "in violation of Maine's decades-old law protecting the rights of workers on strike."
    • More than 1,700 workers in Vermont, New Hampshire and Maine went on strike against FairPoint last fall until a resolution in late February. About 900 workers represented by the unions were striking in Maine and eligible to apply for compensation.
    • Vermont had granted unemployment benefits to strikers, but New Hampshire didn't.
    | Oct. 2, 2015, 6:05 PM
  • Aug. 20, 2015, 6:46 PM
    • Small and mid-sized providers including CenturyLink (NYSE:CTL), Consolidated Communications (NASDAQ:CNSL), FairPoint (NASDAQ:FRP), Mediacom and Telephone and Data Systems (NYSE:TDS) are pressing the FCC to rework its rules on retransmission consent, to address a "lack of transparency" in negotiations.
    • Retrans negotiations are tough headwinds for IPTV providers who are looking to enter new markets where cable providers have a dominant position.
    • They note FCC Chairman Tom Wheeler has estimated that retrans consent fees rose by nearly 8,600% between 2005 and 2012, and are calling for broadcasters to show more info to back up bargaining claims -- such as documenting "market prices" -- to satisfy the "good faith" requirement in negotiations.
    • The companies are pushing expansion into new areas even as established cablecos like Comcast and Time Warner Cable hold near-monopoly positions there.
    | Aug. 20, 2015, 6:46 PM
  • Aug. 5, 2015, 6:09 AM
    • FairPoint Communications (NASDAQ:FRP): Q2 EPS of $1.49 beats by $2.69.
    • Revenue of $214.1M (-5.1% Y/Y) misses by $0.53M.
    | Aug. 5, 2015, 6:09 AM
  • Jun. 11, 2015, 6:49 PM
    • FairPoint Communications (NASDAQ:FRP) has opened a new data center in Manchester, N.H.
    • The new center offers cage, full-rack and half-rack connections in a facility that has redundant fiber connections to FairPoint's network and redundant connections in and out of the facility.
    • FairPoint invested $2.5M in building the new center. It opened its first data center in Laconia, N.H., last July.
    • In its last earnings report, FairPoint noted access revenues increased sequentially by $1.5M, offsetting declines in voice services and data & Internet services.
    | Jun. 11, 2015, 6:49 PM
  • May 21, 2015, 6:04 PM
    • Giving some key hope to suitors for Time Warner Cable not named Comcast (NASDAQ:CMCSA), FCC Chairman Tom Wheeler placed individual calls to various cable execs -- including TWC's Rob Marcus and Charter's Tom Rutledge -- to say the agency's not against any and all deals just because it kiboshed Comcast's, The Wall Street Journal is reporting.
    • Wheeler reportedly wanted to clarify the FCC stance amid industry confusion about just how much consolidation it would support, and said that each potential deal would be judged on its merits.
    • Wheeler did express that he's like to see more competition from companies that traditionally haven't battled in the same geographies, and encouraged the prospect of cablecos "overbuilding" into each other's service areas, according to the WSJ.
    • With TWC looking like the key catch, its stock has risen 8.9% over the past month.
    • Consolidation prospects: TWC, CHTR, OTC:ATCEY, CVC, CTL, FTR, WIN, FRP, CBB
    | May 21, 2015, 6:04 PM
  • May 15, 2015, 7:07 PM
    • Broadband subscribership grew by nearly 1.2M in Q1, according to a Leichtman Research Group report examining the top 17 ISPs.
    • Cable made up 86% of that growth; Comcast (NASDAQ:CMCSA), the nation's largest MVPD, added 407K users by itself. It's the first quarter since Q1 2008 where cable logged more than 1M net broadband adds, says Bruce Leichtman.
    • Overall, leading ISPs now boast 88.5M subscribers, cable with 53M of those.
    • Not coincidentally, cable's recently had momentum on the network-investment front, with firms like Comcast and CenturyLink (NYSE:CTL) investing in their gigabit broadband installations.
    • Related companies: VZ, T, CMCSA, CHTR, TWC, CVC, CTL, FTR, WIN, FRP, CBB
    • Previously: A hint for Comcast's 2-Gig pricing? (May. 11 2015)
    • Previously: Comcast call: Now more broadband company than cableco (May. 04 2015)
    | May 15, 2015, 7:07 PM | 4 Comments
  • May 15, 2015, 9:20 AM
    • FairPoint Communications (NASDAQ:FRP) announces a restructuring that will see it drop 260 positions across 17 states.
    • The company says it and other recent cuts are in keeping with voice-line reductions over the past two years. "Access lines and legacy revenues are in secular decline," says CEO Paul Sunu.
    • FairPoint will close its call center in South Burlington, Vt.
    • As its business shifts to more data-centric lines, the company says it's investing there by planning to expand a recently announced data center in New Hampshire.
    | May 15, 2015, 9:20 AM
  • May 6, 2015, 6:03 AM
    • FairPoint Communications (NASDAQ:FRP): Q1 EPS of -$1.70 misses by $0.30.
    • Revenue of $213.97M (-7.2% Y/Y) misses by $1.8M.
    | May 6, 2015, 6:03 AM
  • Mar. 4, 2015, 6:09 AM
    • FairPoint Communications (NASDAQ:FRP): Q4 net income of -$43.6M
    • Revenue of $217.1M (-7.0% Y/Y) misses by $6.51M.
    | Mar. 4, 2015, 6:09 AM
Company Description
FairPoint Communications, Inc. engages in the provision of data, voice and video technologies. It provides a range of telecommunications services such as Ethernet, data transport, internet access, high-speed data transport, as well as local and long distance voice services to business, wholesale... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States