said by pnh102:Maybe, just maybe, they thought they could swing it and grow their company. But the financial meltdown and the recession blew away their chances. said by FFH:
The state regulatory agencies made these problems a self-fulfilling prophecy. They put so many conditions on Fairpoint before allowing the sale and restricted them from charging higher rates, that Fairpoint, with the recession in full bloom, is now in a position where they can't cover costs. And now the moron regulators wonder why there are problems.
No one forced Fairpoint to take the deal.
If Fairpoint didn't think it could meet the conditions set forth by the state, it should have walked away from the bargaining table.