Question-and-Answer Session
Operator
(Operator Instruction) Your first question comes from the line of Jonathan Chaplin.
Jonathan Chaplin - JP Morgan
Good morning, guys. Thanks for taking the question. I am wondering if you can give us a quick update of what the access line DSL trends were in the acquired properties this quarter.
And then secondly, the comment that I saw in the press release around expected timing said there was still a good prospect it was going to close something along the lines of there's a good prospect's going to close before year end.
I can't remember how you've discussed it in the past, just in terms of the language. Are you a little less convinced that it will close before year-end? I'm just wondering if you can give us an update of what this was timing hurdles are between now enclose.
Gene Johnson
Jonathan, it's Gene. I'll take the second question first. As we often do, John is we'll take first question last. We think the regulatory approvals will all be in during December but in most -- there's generally a waiting period between the time you get the regulatory approval and the time you were about to close.
And so we still anticipate closing at the end of January, which is what we've said all along and we expect to close in first quarter of next year. So we see no reason -- it clearly will not close during this year. We think it will close early in the first quarter, probably in January of next year.
Jonathan Chaplin - JP Morgan
Okay.
John Crowley
Jonathan, I hope you'll permit me this quick joke. I assume when you ask about the acquired properties you're not talking about Germantown.
You're probably talking about Spinco. At this point because we are reporting earlier this quarter we only have access line information on Verizon or New England or Spinco.
Spinco finished with 1,417,000 access lines, and 1,623,000 access line equivalence. They now have 206,000 DSL subscribers. So in percentage terms that are 7.7% year-on-year decline in voice lines and a 16.3% increase in DSL accounts. That gives them a 14.5% DSL penetration.
So you know, as you can imagine our marketing people are pretty excited about getting in there, and expanding that pie. I don't have any first or third quarter financials yet. No revenue or ARPU figures. But I can, since we now have the second quarter numbers.
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