VERIZON’S PROPOSEDSALE OF ACCESS LINES IN MAINE, NEW HAMPSHIRE,

AND VERMONTTO FAIRPOINT

COMMUNICATIONSIS A BAD DEAL FOR OUR

MEMBERS

WHO IS FAIRPOINT COMMUNICATIONS?

Fairpoint, headquartered in Charlotte, NC provides local and long distance voice, data, internet and broadband services

Fairpoint has 31 local exchange companies in 18 states

Fairpoint’s Chairman & CEO is Gene Johnson

IS FAIRPOINT BITING OFF MORE THAN THEY CAN CHEW?

FAIRPOINT PRE AND POST MERGERPRE MERGER POST MERGER DIFFERENCE %

EMPLOYEES

900 3,900 3,000 333 %

UNION 119 2,699 2,580 2168 %

ACCESS LINES

249,186 1,530,712 1,281,527 514 %

REVENUE $264,420,000

$1,204,580,000

940,160,000 356 %

EBITDA $135,840,000

$430,160,000 294,320,000 217 %

DEBT $661,281,000

$2,361,281,000

$1,170,000,000

257 %

WHAT THE TRANSACTION DOES INCLUDE VZ SWITCHED AND SPECIAL ACCESS LINES INTERNET SERVICE ENTERPRISE VOICE CUSTOMER PREMISE

ACCOUNTS LONG DISTANCE VOICE AND PRIVATE LINE

ACCOUNTS

WHAT THE TRANSACTION DOES NOT INCLUDEOFFERINGS AND ASSETS OF VERIZON INCLUDING:

WIRELESS VERIZON BUSINESS (FORMER MCI) FEDERAL NETWORKS SYSTEMS, LLC VERIZON NETWORK INTEGRATION CORPORATION VERIZON GLOBAL NETWORKS, INC VERIZON FEDERAL, INC ANY OTHER VERIZON BUSINESSES IN THESE

STATES

THE TRANSACTION TARGETED TO COMPLETE BY 12/31/07REQUIRED APPROVAL

FAIRPOINT STOCKHOLDERS STATE AND FEDERAL REGULATORY APPROVALS SATISFACTION OF OTHER CUSTOMARY CLOSING

CONDITIONS

AFTER TRANSACTION CLOSING, FAIRPOINT WILL MOVE FROM THE 17th TO THE 8th LARGEST TELEPHONE COMPANY IN THE UNITED STATES

TRANSACTION MECHANICS TAX-FREE SPINOFF OF VZ OPERATIONS, THEN

TAX-FREE MERGER WITH / INTO FAIRPOINT $2.715 BILLION VALUATION

$1.7 BILLION IN ASSUMED DEBT $1.015 BILLION IN FAIRPOINT STOCK TO VZ

SHAREHOLDERS FAIRPOINT STOCKHOLDERS WILL OWN

40%, VZ STOCKHOLDERS WILL OWN 60% COMBINED COMPANY WILL TRADE UNDER

FAIRPOINT TICKER SYMBOL (NYSE:FRP) POST CLOSING BOARD TO CONSIST OF 3

FAIRPOINT BOARD MEMBERS AND 6 VZ BOARD MEMBERS

IMPACT TO CONSUMERS IN NORTHERN NEW ENGLAND

FAIRPOINT’S COPPER NETWORK IS LESS RELIABLE, AND MORE COSTLY TO MAINTAIN, FURTHER STRAINING IT’S FINANCES

FAIRPOINT WILL NOT OFFER ACCES TO REAL HIGH SPEED BROADBAND CONNECTIONS. FAIRPOINT’S PLAN IS TO EXPAND THE ALREADY OUTDATED, INFERIOR “SLOW LANE” DSL TECHNOLOGY TO ACQUIRE CUSTOMERS.

FAIRPOINT COMMITS TO INVEST ONLY $100 PER LINE IN NORTHERN NEW ENGLAND vs. VERIZON’S COMMITMENT OF $850-$880? IN MA & RI IN DEPLOYING THEIR NEW FIOS CUTTING EDGE TECHNOLOGY.

IMPACT TO CONSUMERS IN NORTHERN NEW ENGLAND

EMERGENCY RESPONSE CAPABILITIES FAIRPOINT WILL NOT HAVE THE

NECESSARY LABOR RESOURCES TO DEAL WITH THE WIDESPREAD OUTAGES COMMON WITH NEW ENGLAND’S WEATHER

A SINGLE STORM WILL ENDANGER PUBLIC SAFETY, AND WILL CRIPPLE BUSINESSES AND EDUCATIONAL INSTITUTIONS FOR AN EXTENDED PERIOD OF TIME

FAIRPOINT WILL NOT HAVE THE NECESSARY CAPITAL TO DEAL WITH THE WIDESPREAD OUTAGES COMMON WITH NEW ENGLAND’S WEATHER

IMPACT TO CONSUMERS IN NORTHERN NEW ENGLAND

BUSINESSES AND EDUCATIONAL INSTITUTIONS IN NORTHERN NEW ENGLAND WILL SUFFER

IN TODAYS WORLD ECONOMY, FIOS IS NOT A LUXURY, BUT A NECESSITY. WITHOUT FIOS MAINE, NEW HAMPSHIRE, AND VERMONT WILL BE LEFT BEHIND

DENIED ACCESS TO THE LATEST TECHNOLOGY, EXISTING BUSINESSES WILL BE FORCED TO LEAVE THE REGION, AND NEW BUSINESSES WILL NOT EVEN CONSIDER COMING HERE. IT DOES NOT NEED TO BE THIS WAY

IMPACT TO CONSUMERS WITH SPECIAL NEEDS

PRESENTLY, VERIZON HANDLES VIDEO RELAY FOR DISABLED CUSTOMERS FROM A CENTER IN MARLBORO, MAHOW WILL THIS WORK BE ACCOMPLISHED AT FAIRPOINT?

WHAT ARE FAIRPOINT’S PLANS TO SERVICE BILINGUAL CONSUMERS?

911

WHAT ARE VERIZON & FAIRPOINT’S PLANS TO MAINTAIN THIS CRUCIAL PUBLIC SAFETY SERVICE?

WHAT ABOUT 411 DIRECTORY SERVICES?

DIFFERENCES IN TECHNOLOGY

FIOS vs. DSLDO NOT BE FOOLED BY FAIRPOINT’S CLAIMS DSL OFFERS A BASE SPEED OF 768Kbps FOR

INTERNET SERVICE, WITH NO CAPABILITY FOR TRANSPORTING TV VIDEO SERVICE

DSL SERVICE IS LIMITED BY THE DISTANCE FROM THE CENTRAL OFFICE TO THE CUSTOMER PREMISE. MOST CUSTOMERS DO NOT QUALIFY FOR THE BASIC DSL SERVICE.

FIOS OFFERS A BASE SPEED OF 7Mbps UP TO 30Mbps AND AN ARRAY OF GAMING, TV VIDEO SERVICES, WITH MORE BANDWIDTH AVAILABLE TO ADD EMERGING TECHNOLOGIES IN THE FUTRE.

DSL IS NOT FIOS…WHY SHOULD CONSUMERS IN MAINE, NEW HAMPSHIRE AND VERMONT BE LEFT BEHIND?

IMPACT TO REGIONAL JOB MARKETFAIRPOINT HAS AN ANTI-LABOR HISTORY IBEW / CWA REPRSENTED VZ EMPLOYEES ARE

PROTECTED BY CBA UNTIL AUGUST, 2008 FAIRPOINT IS ALREADY STATING THEY FEEL ARTICLES

OF CBA WILL BE INVALID IN NEW COMPANY FAIRPOINT IS ILL EQUIPPED TO ABSORB THE

BENEFITS PACKAGE OF THE CBA FAIRPOINT HAS A HISTORY OF BUYING TELCOS AND

MOVING WORK OUT OF THE REGION THE FAIRPOINT RUN COMPANY WILL HAVE A

DRAMATIC NEGATIVE EFFECT ON THE REGION’S LABOR FORCE

IMPACT TO REGIONAL JOB MARKET

VERIZON CURRENTLY HAS TESTERS, CUSTOMER SERVICE REPS, BILLING, AND OTHER STAFF IN MASSACHUSETTS & RI WHO SUPPORT ME, NH, & VT WHAT WILL HAPPEN TO THESE JOBS? THIS SALE IS NOT JUST ABOUT MAINE, NEW HAMPSHIRE & VERMONT

IS VERIZON PLANNING TO SELL MASSACHUSETTS NEXT

WHAT YOU MUST DOResidents of Northern States PLEASE CALL & WRITE YOUR LOCAL, STATE, AND

FEDERAL ELECTED OFFICIALS TO VOICE OPPOSITION

CALL & WRITE YOUR PUBLIC UTILITY COMMISION CONTACT YOUR FAMILY, FRIENDS & NEIGHBORS

AND EDUCATE THEM ON THE NEGATIVE EFFECTS OF THE SALE

TAKE PART IN ‘STOP THE SALE ACTIVITIES’ STAY INFORMED: SIGN UP FOR OUR NEWSLETTER BY

VISITING OUR WEBSITE WWW.IBEW2222.ORG CLICK ON THE MOBILIZATION LINK AND THEN NORTHERN STATES

WHAT YOU MUST DONon-Residents of Northern States CONTACT FAMILY & FRIENDS LIVING IN NORTHERN

STATES TO EXPLAIN THE NEGATIVE IMPACT THIS SALE WILL HAVE ON RESIDENTS, BUSINESSES, AND VZ EMPLOYEES IN THE NORTHERN STATES

ASK THEM TO WRITE AND CALL PUBLIC UTILITY COMMISIONS TO EXPRESS THEIR OPPOSITION

ASK THEM TO CONTACT THEIR CONGRESSMEN AND SENATORS

TAKE PART IN ‘STOP THE SALE ACTIVITIES’ STAY INFORMED: SIGN UP FOR OUR NEWSLETTER

BY VISITING OUR WEBSITE WWW.IBEW2222.ORG

WHAT YOU MUST DOWhat do I say to Neighbors, Family, and

Friends? WHAT DO YOU THINK ABOUT THE SALE? IMPACT OF THE SALE – NO ACCESS TO NEW

TECHNOLOGY, RESULTING IN LOSS OF BUSINESS FAIRPOINT’S POOR TRACK RECORD IN

RESPONDING TO EMERGENCIES FAIRPOINTS APPARENT LACK OF FUNDS FOR

IMPROVING THEIR NETWORK

THIS IS ABOUT PREVENTING MAINE, NEWHAMPSHIRE & VERMONT FROM BECOMING SPEED BUMPS ON THE INFORMATION SUPER HIGHWAY

REMEMBER, THERE IS NOTHING POSITIVE IN THIS SALE FOR RESIDENCE OR BUSINESS CUSTOMERS, AND ESPECIALLY NOTHING

POSITIVE FOR VERIZON EMPLOYEES.

DON’T FORGET….YOU COULD BE NEXT