FairPoint Communications 2007 Annual Report Download - page 55
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Table of Contents
• On August 17, 2006, we completed the purchase of Unite Communications Systems, Inc., or Unite, for approximately
$11.5 million (or $11.4 million net of cash acquired). Unite owns ExOp of Missouri, Inc., which is a facilities-based voice, data
and video service provider located outside of Kansas City, Missouri. Unite served approximately 4,200 access lines in Kearney
and Platte City, Missouri, approximately 50 miles north of the Cass County service territory, as of the date of acquisition.
• On July 26, 2006, we completed the purchase of the assets of Cass County Telephone Company Limited Partnership and LEC
Long Distance, Inc., or Cass County, for approximately $28.7 million. Cass County served approximately 8,600 access line
equivalents, as of the date of acquisition, in Missouri and Kansas.
• On May 2, 2005, we completed the acquisition of Berkshire Telephone Corporation, or Berkshire, for a purchase price of
approximately $20.3 million (or $16.4 million net of cash acquired). Berkshire is an independent local exchange carrier that
provides voice communication, cable and internet services to over 7,200 access line equivalents, as of the date of acquisition,
serving five communities in New York State. Berkshire’s communities of service are adjacent to those of Taconic Telephone
Corp., one of the Company’s subsidiaries.
• On September 1, 2005, we completed the acquisition of Bentleyville Communications Corporation, or Bentleyville, for a
purchase price of approximately $11.0 million (or $9.3 million net of cash acquired). Bentleyville, which had approximately
3,600 access line equivalents as of the date of acquisition, provides telecommunications, cable and internet services to rural areas
of Southwestern Pennsylvania that are adjacent to our existing operations in Pennsylvania.
In November 2001, we decided to discontinue the competitive local exchange carrier operations of Carrier Services. This decision
was a proactive response to the deterioration in the capital markets, the general slow-down of the economy and the slower-than-expected
growth in Carrier Services’ competitive local exchange carrier operations. Carrier Services now provides wholesale long distance services
and support to our rural local exchange carriers and communications providers not affiliated with us. These services allow such
companies to operate their own long distance communication services and sell such services to their respective customers. Our long
distance business is included as part of continuing operations in the accompanying consolidated financial statements.
The information in our year to year comparisons below represents only our results from continuing operations.
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