North Carolina's FairPoint Communications announced third quarter earnings that included a net loss of about $25.1 million, and revenue of $328 million, both figures down from the same quarter last year. The earnings report came just a few days after reports circulated that FairPoint was looking for a new CEO to succeed the company's current CEO and co-founder at a time when the company is looking to absorb a major acquisition of Verizon Communications properties in New England. FairPoint said on the earnings call that its cutover from the Verizon systems is still planned for January.
- Charlotte Business Journal reports
Could FairPoint eventually sell off some properties?
FairPoint delayed its Verizon cutover earlier this year.