Current News

by tim

FairPoint Communications, Inc. (NasdaqCM: FRP) ("FairPoint" or the "Company"), a leading communications provider, today announced its financial results for the quarter endedMarch 31, 2012. As previously announced, the Company will host a conference call and simultaneous webcast to discuss its results at8:30 a.m. (EDT)onThursday, May 3, 2012.
-- Strong Unlevered Free Cash Flow[1] of $29.1 million
-- Cash balance more than doubled since year-end to $35.8 million
-- Consolidated EBITDAR[2] before vacation expense of $66.9 million, up 12% from a year ago
-- Net loss of $46.7 million versus net loss of $84.0 million in the fourth quarter of 2011
-- Broadband subscribers grew by more than 21,000, or 7.1%, in the last twelve months
-- Landmark deregulation in Maine