FairPoint Communications, Inc. (Nasdaq: FRP) said it has accepted USD4.4 million in annual support from the Federal Communications Commission´s (FCC) Phase II of the Connect America Fund (CAF) for the state of New Hampshire.
By accepting these funds, the company is committing to construct and operate network infrastructure and offer broadband service speeds of at least 10 Mbps download and 1 Mbps upload to over 13,000 locations in New Hampshire. The support program and the FairPoint commitment run over six years.
The FCC developed CAF as a part of its mandate to shift federal support from voice service in high cost service areas to broadband build out and operation in high cost service areas. FairPoint has invested approximately USD74 million in its broadband infrastructure in New Hampshire since 2008, successfully upgrading over 100,000 locations in unserved and underserved areas of the state. CAF Phase II will accelerate the FCC´s mandate by explicitly supporting the development and operation of broadband in high cost service areas.
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.