FairPoint Communications Announces Consummation of the Private Debt Exchange Offer...

FairPoint Communications Announces Consummation of the Private Debt Exchange
Offer for Its 13-1/8% Senior Notes Due 2018

CHARLOTTE, N.C., July 30 /PRNewswire-FirstCall/ -- FairPoint Communications,
Inc. (NYSE: FRP) ("FairPoint") announced today it successfully completed its
previously announced private exchange offer (the "Exchange Offer") for the
outstanding 13-1/8% Senior Notes due 2018 (CUSIP No. 305560 AH7) (the "Old
Notes") held by qualified institutional buyers and accredited investors
(collectively, the "Holders"). The Holders tendered approximately
$439,568,000 million in aggregate principal amount of the Old Notes (or
approximately 83% of the outstanding Old Notes) in the Exchange Offer.

In exchange for the Old Notes and accrued and unpaid interest on the Old Notes
through July 28, 2009, FairPoint issued to the Holders that tendered their Old
Notes in the Exchange Offer $458,478,661 in aggregate principal amount of
FairPoint's 13-1/8% Senior Notes due 2018 (the "New Notes") and paid to the
Holders that tendered their Old Notes by the early consent deadline for the
Exchange Offer an aggregate of $1,631,719 million in cash as a consent
payment.

About FairPoint
FairPoint Communications, Inc. is an industry leading provider of
communications services to communities across the country. Today, FairPoint
owns and operates local exchange companies in 18 states offering advanced
communications with a personal touch, including local and long distance voice,
data, Internet, television and broadband services. FairPoint is traded on the
New York Stock Exchange under the symbol FRP. Learn more at
www.fairpoint.com.

This press release may contain forward-looking statements by FairPoint that
are not based on historical fact, including, without limitation, statements
containing the words "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "estimates" and similar expressions and statements. Because these
forward-looking statements involve known and unknown risks and uncertainties,
there are important factors that could cause actual results, events or
developments to differ materially from those expressed or implied by these
forward-looking NC-statements. Such factors include those risks described from
time to time in FairPoint's filings with the Securities and Exchange
Commission ("SEC"), including, without limitation, the risks described in
FairPoint's most recent Annual Report on Form 10-K on file with the SEC. These
factors should be considered carefully and readers are cautioned not to place
undue reliance on such forward-looking statements. All information is current
as of the date this press release is issued, and FairPoint undertakes no duty
to update this information.

SOURCE FairPoint Communications, Inc.

Investor, Brett Ellis, +1-866-377-3747, bellis@fairpoint.com, or Media, Rose
Cummings, +1-704-602-7304, rcummings@fairpoint.com, both of FairPoint
Communications, Inc.