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FairPoint Communications Inc Closes on Sale of Idaho Operations to Blackfoot Telecommunications Group


Thursday, 31 Jan 2013 04:06pm EST 

FairPoint Communications Inc announced that it has completed the sale of the capital stock of its Idaho-based operations to Blackfoot Telecommunications Group of Missoula, Montana for approximately $30 million in gross cash proceeds. Blackfoot Telecommunications Group through its various organizations delivers telecommunications services to more than 20,000 customers in western Montana and Idaho. As a result of the sale, 11 FairPoint employees based in Idaho will be joining the Blackfoot organization. 

Company Quote

14.42
-0.17 -1.17%
11:12am EST