New York – January 16, 2006 – LAWFUEL – Communications Law News – Debevoise & Plimpton LLP is advising Verizon Communications Inc. in its definitive agreements with FairPoint Communications, Inc. that will result in Verizon establishing a separate entity for its local exchange and related business assets in Maine, New Hampshire and Vermont, spinning off that new entity to Verizon’s stockholders, and merging it with and into FairPoint. The total value to be received by Verizon and its stockholders in exchange for these operations will be approximately $2.715 billion.
Verizon Communications Inc. is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. FairPoint is a leading provider of communications services to rural communities across the country. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner Kevin M. Schmidt and includes partners Jeffrey J. Rosen, David A. Brittenham, Lawrence K. Cagney, Peter A. Furci, Peter J. Irwin, David H. Schnabel, Steven J. Slutzky and Gregory H. Woods III and associates Adam Anderson, Bindi R. Dharia, Michael A. Diz, Jonathan E. Levitsky, Vadim Mahmoudov, Brooke Monahan McKeever and Gabriela Palmieri.