FairPoint Communications 2011 Annual Report Download - page 39
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Table of Contents
. Our local exchange companies that operate pursuant to intrastate rate-of-return regulation are subject to state
regulatory authority over their intrastate telecommunications service rates. State review of these rates could lead to rate reductions, which in turn could have a
material adverse effect on our business, financial condition, results of operations, liquidity and/or the market price of our Common Stock.
For a more thorough discussion of the regulatory issues that may affect our business, see “Item 1. Business—Regulatory Environment.”
Not applicable.
We own or lease all of the properties material to our business. Our headquarters is located in Charlotte, North Carolina, in a leased facility. We also have
administrative offices, maintenance facilities, rolling stock, central office and remote switching platforms and transport and distribution network facilities in
each of the 18 states in which we operate our LEC business. Our administrative and maintenance facilities are generally located in or near the communities
served by our LECs and our central offices are often within the administrative building. Auxiliary battery or other non-utility power sources are at each central
office to provide uninterrupted service in the event of an electrical power failure. Transport and distribution network facilities include fiber optic backbone and
copper wire distribution facilities, which connect customers to remote switch locations or to the central office and to points of presence or interconnection with
the long-distance carriers. These facilities are located on land pursuant to permits, easements or other agreements. Our rolling stock includes service vehicles,
construction equipment and other required maintenance equipment.
We believe each of our respective properties is suitable and adequate for the business conducted thereon, is being appropriately used consistent with past
practice and has sufficient capacity for the present intended purposes.
From time to time, we are involved in litigation and regulatory proceedings arising out of our operations. Management believes that we are not currently a
party to any legal or regulatory proceedings, the adverse outcome of which, individually or in the aggregate, would have a material adverse effect on our
financial position or results of operations. Notwithstanding that we emerged from Chapter 11 protection on the Effective Date, five of the Chapter 11 Cases are
still in the process of being resolved.
Not applicable.
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