CHARLOTTE, N.C., Jan. 10, 2013 /PRNewswire/ -- FairPoint Communications, Inc. (NasdaqCM: FRP), a leading telecommunications provider across 18 states, says its Ethernet mobile backhaul business in northern New England is expected to increase by more than 39 percent in 2013.
By the end of 2012, less than two years since FairPoint embarked on its fiber-to-the-towers initiative, FairPoint has increased the number of its mobile carrier contracts to more than 950 mobile connection points on its fiber backhaul network.
FairPoint intends to increase the number of these mobile connection points to more than 1,300 in 2013 based on signed contracts – a better than 39 percent increase. On any particular cell tower, there can be one or more of these connections, know in the industry as Ethernet virtual connections, or EVCs.
With these signed contracts, FairPoint expects to increase its Ethernet mobile backhaul services to more than 1,000 towers in by year's end in Maine, New Hampshire and Vermont."FairPoint's investment in wireless space is smart business," said Tony Tomae, executive vice president and chief revenue officer. "This demonstrates that our initial investment has had a significant payoff because the major carriers have joined FairPoint's Ethernet mobile backhaul network." FairPoint has invested more than $200 million in its network, which provides its wireless carrier customers with the latest technology. This next-generation network is strategically located, allowing FairPoint to provision new technology advances like small cell applications. "This is further confirmation that FairPoint provides best-in-class capabilities for wireless carriers," said Michelle Hymson, vice president of wholesale sales. "Wireless carriers continue to choose FairPoint for our network, our expertise and technical support to meet the critical reliability and speed needed for their best customer experience." Ethernet mobile backhaul refers to the technology used to transmit signals carrying voice and data communications from a cell phone tower to the public network and the Internet. As consumer demand for mobile devices like smart phones and tablets with fast Internet capabilities increases, cellular carriers are adding more backhaul capacity to their cellular networks.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV