Consolidated, FairPoint ready to close the deal on Monday

(MATTOON, IL) (AP) — Illinois-based Consolidated Communications and North Carolina-based FairPoint have obtained all necessary state regulatory approvals and anticipate closing the deal in a matter of days. Consolidated says it plans to complete the $1.5 billion purchase of FairPoint on Monday. Consolidated President and CEO Bob Udell says the combined company with operations in 24 states will become stronger and more competitive with a 36,000-mile (57933-kilometer) fiber network.