FairPoint Communications (FRP) Misses Q4 EPS by 28c
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FairPoint Communications Reports 2016 Second Quarter Results
August 3, 2016 6:00 AM EDTEthernet circuits and broadband subscribers continued to increase quarter over quarterLowest quarterly sequential residential voice line loss in over three yearsImproving subscriber trends supported revenue of $206.6 million for the quarter and $413.4 million year-to-dateNet income of $29.3 million for the quarter and $47.9 million year-to-dateAdjusted EBITDA1 of $63.1 million for the quarter and $125.0 million year-to-dateNet cash provided by operating activities of $46.4 million for the quarter and $70.4 million year-to-dateUnlevered Free Cash Flow1 of $31.5 million for the quarter and $66.2 million year-to-date
CHARLOTTE, N.C., Aug. 03, 2016 (GLOBE NEWSWIRE) -- FairPoint Communications, Inc. (Nasdaq:... More
Rural Senators Express Concerns about FCC's Business Broadband Proposal
August 2, 2016 9:03 AM EDTWASHINGTON, Aug. 2, 2016 /PRNewswire-USNewswire/ --Â A group of nine U.S. senators from rural states today urged the Federal Communications Commission (FCC) to use the most up-to-date data in its analysis of competition in the business broadband market, noting that new regulation will only serve the public interest if the commission relies on the most accurate information.
"For states with significant rural areas like ours, it is especially important for the Commission to use all the available data, including the data submitted earlier this year by the major cable operators, to both measure competitive markets... More
