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FairPoint's losses widen in Q3 09

Nov 25, 2009
As if having to file for bankruptcy protection was not enough, FairPoint reported that it lost $77.3 million in the third quarter, a $52.2 million increase from Q3 2008. With more end-users dropping their landline phones in favor of wireless phones and...

North Dakota farmer, Midcontinent Communications battle over land use

Nov 25, 2009
Note to Midcontinent Communications: if you're going to lay your cable on my land please let me know first, says North Dakota landowner Dale Neidhardt. The New Salem-based farmer, who has filed a federal lawsuit against South Dakota-based Midcontinent...

Cerberus gets a slice of Hawaiian Telcom

Nov 24, 2009
Bankrupt Hawaiian Telcom has found a white knight in Cerberus Capital Management. The New York-based private equity company has agreed to help pay down the company's debt with the promise that they will get a piece of the telco when it exits Chapter 11...

Mexico puts fiber sale on hold

Nov 24, 2009
After a number of potential suitors said they needed more time to put their offers together, the Mexican government has decided to postpone the sale of two unused fiber lines originally scheduled for January until March. Pascual Garcia Alba, who is...

EU gets green light for proposed telecom rules

Nov 24, 2009
Following various political delays and arguments over Internet piracy, the EU was able to push its newly proposed telecom rules through Parliament. Now that it has gotten a 'yes' vote during a European Parliament plenary session, the EU says the new...


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