FairPoint merger plan includes $52.2 million in Maine investment

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FairPoint Communications’ new owner has agreed to invest $52.2 million in its networks and facilities in Maine if regulators approve a merger between the company that serves northern New England and its potential new owner, Illinois-based Consolidated Communications. The stipulation leaves open questions of how Consolidated plans to find $55 million in annual savings through “synergies” but lays out a three-year investment plan sought by the Office of the Public Advocate and unions.

Source:  BDN Maine