Welcome to 20% rate increases across the board for service then. Also, another provider can come in if they want and lay infrastructure with minimal regulation. But a phone company is expected to push their infrastructure out to the ends of the earth and be affordable for anyone who wants phone service.
I believe the name of one of the fiber companies in FairPoint's NE area is Burlington Telecom. They offer up to 8 Mbps symmetric fiber, triple play options, etc. They seem to be doing just fine. Of course they don't have a team of highly paid weavers crafing the exec's golden parachute...