PRESS RELEASE FROM GOVERNOR BALDACCI'S OFFICE
Oct. 26, 2009
FOR IMMEDIATE RELEASE
Governor: We Will Hold FairPoint Accountable for Obligations
AUGUSTA - Governor John E. Baldacci today released the following statement regarding FairPoint Communication's decision to file for bankruptcy. .
"The announcement by FairPoint does not come as a surprise. Ihave been closely watching the developments with the company and tracking its response to significant problems,"
Governor Baldacci said. .
"Last week, I joined with the governors of New Hampshire and Vermont to communicate our concerns and expectations to FairPoint. Iremain concerned about the process moving forward.”
"My first priority is ensuring that Maine customers and ratepayers are taken care of."
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"I spoke with FairPoint CEO David Hauser this morning, and I reiterated that customers must receive the servicesthey expect."
"FairPoint is the backbone of telecommunications in Northern New England, and we will ensure that any restructuring maintains this critical infrastructure."
"Hauser told me that the bankruptcy process will allow the company to restructure its debt, which will put it in a better position in terms of day-to-day operations."
"Maine will participate in the bankruptcy hearings to ensure that any restructuring guarantees that FairPoint will maintain its lines and improve customer service, including service to new customers.”
"We will also hold them to the promises they made during the acquisition. They have an obligation to expand broadband service, particularly in rural areas."
"Also, FairPoint's problems are not the fault of the company's workforce. The problems come from the failed integration of technology, high levels of debt and corporate structure. FairPoint's workers are key to making the system work and improving it to the level that we expect."
"We will hold FairPoint responsible for the promises the company has made and hold them accountable for their obligations."
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