FairPoint Communications gets USD 36.7m in NY Broadband Program Phase 2 awards

FairPoint Communications, Inc. (Nasdaq: FRP) has been awarded USD 36.7m in New NY Broadband Program Phase 2 grants, the company said.

These grants, combined with an estimated USD 9.3m in company investments, will support the extension and upgrading of high-speed broadband service to 10,321 locations in the company´s New York service territory.

Over the next two-years, FairPoint plans to upgrade existing equipment and extend its fiber reach to provide faster broadband speeds to underserved areas with a priority of reaching unserved locations, libraries and educational opportunity centers with enhanced service.

Governor Andrew M. Cuomo in 2015, with legislative support, established the USD 500m New NY Broadband Program. The program provides New York State grant funding to support projects that deliver high-speed Internet access to Unserved and Underserved areas of the State, with priority to Unserved areas, Libraries, and Educational Opportunity Centers.

FairPoint Communications provides advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Leveraging an owned, fiber-based Ethernet network — with more than 22,000 route miles of fiber, including approximately 18,000 route miles of fiber in northern New England — FairPoint has the network coverage, scalable bandwidth and transport capacity to support enhanced applications, including the next generation of mobile and cloud-based communications, such as small cell wireless backhaul technology, voice over IP, data center colocation services, managed services and disaster recovery.