A FairPoint Communications executive on Thursday brushed aside concerns about the company's debt load if its purchase of Verizon's phone assets in Maine, New Hampshire and Vermont is approved by regulators.
Peter Dixon, FairPoint's chief operating officer, said the existing $1.2 billion revenue stream from Verizon (nyse: VZ - news - people )'s land lines in the three states will support operations, capital improvements, dividends and interest on the debt.
"The revenue stream today is sufficient, more than sufficient actually, to cover those costs," Dixon said.
