FairPoint Communications Q4 2007 Earnings Call Transcript

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2008-03-17 20:47:53.0

Tags: FairPoint Communications Inc.

Earnings Call Excerpt

FairPoint Communications, Inc. (FRP)

Q4 2007 Earnings Call

February 28, 2008 8:30 am ET

Executives

Brett Ellis – Investor Relations

Eugene B. Johnson – Chairman of the Board & Chief Executive Officer

John P. Crowley – Chief Financial Officer & Executive Vice President

Presentation

Operator

Good morning my name is Selena and I will be your conference operator today. At this time I would like to welcome everyone to the FairPoint Communications fourth quarter and year end 2007 earnings conference call. All lines have been placed on mute to prevent any background noise. (Operator Instructions) Mr. Ellis you may begin your conference.

Brett Ellis

Good morning everyone and thank you for joining the FairPoint earnings conference call. Participating on today’s call are Gene Johnson, Chief Executive Officer and John Crowley, Chief Financial Officer.

Before we begin I would like to remind you that certain statements made during this conference call which are not based on historical fact may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 filings with the Securities & Exchange Commission including without limitation the risks described in FairPoint’s most recent annual report on Form 10K on file with the Securities & Exchange Commission. All information is current as of the date of this earnings call and FairPoint undertakes no duty to update this information. In addition, FairPoint’s results for the quarter and year ended December 31, 2007 are subject to the completion and the filing with the Securities & Exchange Commission of its annual report on form 10K for such period.

Before we begin the substance of the call I want to take care of some housekeeping. First, the structure of today’s call is going to be a bit different from our traditional quarterly calls. Gene Johnson our chairman and CEO will provide you with a high level overview of where we stand in the process of acquiring Verizon’s wireline operations in Maine, New Hampshire and Vermont. Then, John Crowley our CFO will take you through the quarterly results. Due to the start of our road show to raise the debt required to fund the Verizon transaction and the associated regulatory quite period restrictions, there will not be a Q&A session during today’s call. However, because we understand that the Q&A session is a very important part of these calls and because we want you to have the opportunity to ask your questions, shortly after the closing we will be hosting another conference call. At that time we will discuss the transaction at length as well as answer any questions you may have related to the transaction and our fourth quarter and year end results.

 

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