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Time to Say Goodbye to Fairpoint Communications?

Here is a "potential" flaw in the model. You ought reference a Winstream/Valor like transaction where a larger higher payout rural landline company (VLR) is acquired by a newly created smaller rural landline spinout (WIN out of AT). Poof goes the high payout issue, and Windstream is known to be hunting this style of bolt on.

Buy the way, a large part of the VZ rural assets that FRP is acquiring come from the old GTEacquisition, which AT & VZ always swapped for Justice & FCC settlement, so yes I believe that something on scale is always possible.

Discl: Long WIN FRP VZ ALSK IWA CZN