CHARLOTTE, N.C. — Germantown Independent Telephone Company shareholders have approved the acquisition of the company by FairPoint Communications.

FairPoint will pay $10.2 million for Germantown. It is the third local phone company FairPoint has acquired in Ohio.

Germantown, Oh. is located 15 miles southwest of Dayton.

FairPoint (NYSE: FRP) operates 29 local phone companies in 18 states.