FairPoint to Webcast May 22, 2008 Investor Day

CHARLOTTE, N.C., May 16 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. , a leading provider of communications services to communities across the country, today announced that the Company will webcast its 2008 investor day presentation being hosted on May 22, 2008 beginning at 8:00 a.m. EDT. Presentations and the subsequent Q&A session are anticipated to run for approximately three hours. The investor day will focus on the integration and Transition Services Agreement (TSA) related to the recently completed transaction in which FairPoint Communications acquired Verizon Communications' landline and certain related operations in Maine, New Hampshire and Vermont.

FairPoint presenters will include Chairman and Chief Executive Officer Gene Johnson, President Peter Nixon and Chief Financial Officer John Crowley. Also participating will be members of the northern New England integration team, including Capgemini, FairPoint's lead integration partner.

The investor day will incorporate a slide presentation that will be made publicly available before the scheduled start time at approximately 7:30 a.m. EDT on the morning of May 22, 2008.

To access the webcast and the slide presentation, participants should click the "Event Calendar" section of FairPoint's Investor Relations page at http://phx.corporate-ir.net/phoenix.zhtml?p=irol- eventDetails&c=122010&eventID=1847336 (due to length of URL, please copy and paste into your browser). An online webcast replay with the corresponding presentation will be available later that same afternoon on May 22, 2008 and will remain available for one year.

About FairPoint

FairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates local exchange companies in 18 states offering advanced communications with a personal touch including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at http://www.fairpoint.com/.

This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. 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's filings with the Securities and Exchange Commission ("SEC"), including, without limitation, the risks described in FairPoint's most recent Annual Report on Form 10-K on file with the SEC. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information.

Investor Contact: Brett Ellis (866) 377-3747 bellis@fairpoint.com Media Contact: Rose Cummings (704) 840-5202 rcummings@fairpoint.com