Breaking News: NH Public Utilities Commission lists 11 recommendations for the FairPoint deal
The New Hampshire Public Utilities Commission fired back about the proposed Verizon-FairPoint merger with 11 recommendations to the make the deal "in the public good."
Without the implementation of these recommendations,
"The risks, particularly with respect to the financial viability of FairPoint, far outweigh the benefits of this transaction, and in its present form the transfer from Verizon to FairPoint cannot be found to be in the public good," the recommendation said.
The conditions, among other things, reflect the hesitancy to accept the "unreasonably optimistic" financial and operational projections of the merger. Due to FairPoint's troubling financial circumstances, these 11 changes could help protect residents of the state from getting left behind--if Verizon and Fairpoint are able to implement them.
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