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Florida Digital Network Inc.’s plans to merge with Cavalier Telephone Inc. of Richmond, Va. and Conversent Communications of Marlboro, Mass. are almost down the tube due to unfavorable capital markets. But the deal still has an Aug. 31 deadline for final completion.

The merger, announced in June, would have created Elantic Communications with connections from Florida to Maine.

The companies are tyring to win some market share from former monopolies that control local telephone service in their areas.

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