WHO IS FAIRPOINT COMMUNICATIONS?

1. VERIZON’S PROPOSEDSALE OF ACCESS LINES IN MAINE, NEW HAMPSHIRE, AND VERMONTTO FAIRPOINT COMMUNICATIONSIS A BAD DEAL FOR OUR MEMBERS

2. 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

3. IS FAIRPOINT BITING OFF MORE THAN THEY CAN CHEW?

4. 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

5. WHAT THE TRANSACTION DOES NOT INCLUDE OFFERINGS 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

6. THE TRANSACTION TARGETED TO COMPLETE BY 12/31/07 REQUIRED 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

7. 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

8. 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 FAIRPOINT’S PLAN IS TO EXPAND THE ALREADY OUTDATED, INFERIOR “SLOW LANE” DSL TECHNOLOGY TO ACQUIRE CUSTOMERS.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.

9. 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

10. 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

11. IMPACT TO CONSUMERS WITH SPECIAL NEEDS • PRESENTLY, VERIZON HANDLES VIDEO RELAY FOR DISABLED CUSTOMERS FROM A CENTER IN MARLBORO, MA HOW WILL THIS WORK BE ACCOMPLISHED AT FAIRPOINT? • WHAT ARE FAIRPOINT’S PLANS TO SERVICE BILINGUAL CONSUMERS?

12. 911 • WHAT ARE VERIZON & FAIRPOINT’S PLANS TO MAINTAIN THIS CRUCIAL PUBLIC SAFETY SERVICE? WHAT ABOUT 411 DIRECTORY SERVICES?

13. DIFFERENCES IN TECHNOLOGYFIOS vs. DSL DO 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?

14. IMPACT TO REGIONAL JOB MARKET FAIRPOINT 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

15. 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

16. WHAT YOU MUST DO Residents 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

17. WHAT YOU MUST DO Non-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

18. 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

19. 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