Will Frontier Communications run into the same woe that's befallen FairPoint Communications? The two companies have followed a nearly parallel course in acquiring rural operations from Verizon, paying with stock and promising cash down the line. While the corks are still popping at Frontier, the post-celebration hangover at Fairpoint--which is now saying it needs to restructure--should be fair warning.
- Check out this Wall Street Journal article
Frontier to buy Verizon rural landlines for $5.25B
Fairpoint seeks delay in debt repayment
Fairpoint reports Q4 loss, suspends dividend