VPR’s Jane Lindholm talks with the Vermont State President of FairPoint Communications and Vermont’s Public Service Commissioner about Fairpoint’s restructuring plans and its affect on ratepayers.
FairPoint Communications and unions
representing nearly 3,000 employees in northern New England have reached a tentative agreement on a contract as FairPoint prepares
to submit its bankruptcy reorganization plan.
Bondholders who are owed more than $550 million by FairPoint Communications Inc. have withdrawn a motion asking a bankruptcy judge to appoint an examiner to investigate factors leading to FairPoint’s Chapter 11 bankruptcy last month.
A U.S. Bankruptcy Court judge has scheduled a Nov. 18 hearing on a motion to appoint an examiner to investigate factors leading to FairPoint Communications Inc.’s Chapter 11 bankruptcy last month.