FairPoint Communications Notified of Noncompliance with NYSE Continued Listing Standards

FairPoint Communications Notified of Noncompliance with NYSE Continued Listing
Standards

CHARLOTTE, N.C., July 30 /PRNewswire-FirstCall/ -- FairPoint Communications,
Inc. (NYSE: FRP) (the "Company") announced today that it has received
notification from the New York Stock Exchange ("NYSE") that the company is not
currently in compliance with the NYSE's continued listing standards.

In the notification, received on July 24, 2009, the NYSE advised the Company
that its average market capitalization, over a 30-day trading period, was less
than the $75 million level required by the NYSE.

Under the NYSE rules, the Company has 45 calendar days from receipt of the
notice to respond to the NYSE's non-compliance notification by submitting a
business plan demonstrating how the Company will regain compliance with this
standard within 18 months of receipt of the notice. If the NYSE accepts the
plan, the Company will be subject to quarterly monitoring for compliance with
the plan. If the NYSE does not accept the plan, the Company will be subject
to suspension by the NYSE and delisting by the Securities and Exchange
Commission.

The Company intends to submit a plan to the NYSE which will enable it to
regain compliance through a restructuring of the Company's current capital
structure and the execution of its growth initiatives in the business and
broadband markets in northern New England.

FairPoint Communications common stock remains listed on the NYSE under the
symbol "FRP" but will be assigned a ".BC" indicator by the NYSE to signify
that the Company is not currently in compliance with the NYSE's continued
listing standards. The ".BC" indicator would be removed at such time as the
Company is deemed compliant with the NYSE's continued listing standards.

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 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.

Investor Contact: Brett Ellis (866) 377-3747; bellis@fairpoint.com

Media Contact: Rose Cummings (704) 602-7304; rcummings@fairpoint.com

SOURCE FairPoint Communications, Inc.

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