said by tschmidt:Regulators were between a rock and a hard place (to coin a phase). It was clear Verizon was not interested in servicing northern NE. They had the option to either block sale or allow it to go through and hope FairPoint was up to the challenge.
I think we need more time to see how things work out. A major concern is higher then expected lose of landline customers due to frustration with transition. FairPoint has to curb the bleeding and roll out broadband to retain customers. The difficult part will be raising enough capital to increase footprint.
I'm keeping my fingers crossed they will be successful.
/tom
Public utility licenses/easements/right of way/right to be a utility company is created for the public good/benefit. Just start a ruling to determine that Verizon's utility operations are not operating for the public benefit and seize/condemn the lines and hand them off to a non-profit corporation.
