Consolidated FairPoint Merger includes MN

Telecompetitor reports…

The Consolidated FairPoint merger has received all necessary regulatory approvals in the remaining 17 states impacted by the transaction. All federal regulatory approvals have been issued as well, paving the way for the deal to close next week, on July 3rd, the company announced.

Both company’s shareholders have already approved the deal as well, and Consolidated reports they secured financing for the $1.5 billion deal (including FairPoint debt) in December of 2016.

“This merger will benefit customers and communities across the combined 24-state service area as we become an even stronger and more competitive company with greater scale, resources and access to an expanded 36,000 fiber-route-mile network,” said Bob Udell, president and chief executive officer of Consolidated Communications in a press release. “We are committed to ensuring this merger is seamless for customers and look forward to bringing our expanded product and services portfolio to FairPoint customers in the future.”

The combined Consolidated FairPoint will serve 24 states and operate a 36,200 route-mile fiber network. The deal catapults the combined company into a top ten fiber network operator  in the U.S., according to Consolidated executives.

Minnesota is part of Consolidated’s footprint. They have offices in Mankato, Duluth/Hermantown, Edina and Rochester.

This entry was posted in MN, Vendors by Ann Treacy. Bookmark the permalink.

About Ann Treacy

Librarian who follows rural broadband in MN and good uses of new technology (blandinonbroadband.org), hosts a radio show on MN music (mostlyminnesota.com), supports people experiencing homelessness in Minnesota (elimstrongtowershelters.org) and helps with social justice issues through Women’s March MN.

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