BROOKS FIBER PROPERTIES AGREES TO ACQUIRE PHOENIX FIBERLINK; ACQUISITION WILL GIVE BROOKS OPERATIONAL MARKET IN SALT LAKE CITY AND EXPAND COMPANY'S EXISTING NETWORK IN RENO.ST. LOUIS, Mo.--(BUSINESS WIRE)--March 3, 1997--Brooks Fiber Properties, Inc. (Nasdaq/NM:BFPT BFPT barrier-free proton transfer BFPT Brooks Fiber Properties, Inc. (stock symbol) BFPT boiler feed pump turbine BFPT Brouwer Fixed Point Theorem BFPT Bundesdeutsche Fachtagung für Plasmatechnologie BFPT Braque Francais de Petite Taille ) a nationwide competitive local telecommunications services company, today announced the acquisition of the assets of Phoenix Fiberlink ("PFI PFI Pay for Inclusion (web search engines) PFI Private Finance Initiative PFI Private Finance Initiative (UK) PFI Prison Fellowship International PFI Port Fuel Injection (engines) "), a provider of competitive local telecommunications services in the Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. and Reno, Nevada metropolitan markets, and plans for the development of a telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. in Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. , in a transaction involving cash and 600,000 shares of Brooks Fiber common stock. The agreement is subject to regulatory approvals. James C. Allen James Cameron Allen (January 29, 1822 - January 30, 1912) was a U.S. Representative from Illinois. Born in Shelby County, Kentucky, Allen attended the public schools. He moved to Indiana in 1830. He studied law. , Chief Executive Officer of Brooks Fiber Properties, said, "This acquisition provides us with an outstanding platform for our entry into Salt Lake City, one of the fastest growing cities in the country and a market we have explored for some time. Salt Lake City fits perfectly in our strategy of targeting high growth, technology rich cities where the demand for our services is accelerating. Furthermore, the recently announced expansion of our operating agreement An operating agreement is an agreement among limited liability company ("LLC") members governing the LLC's business, and Member's financial and management rights and duties. No state requires an LLC to have an Operating agreement. with AT&T to include Salt Lake City allows us to enter this market with the assurance of substantial additional revenues." The Phoenix Fiberlink network in Salt Lake City has over fifty miles of fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power with an additional sixteen miles under construction. The operational network is configured in SONET compatible rings and is fully operational. In Salt Lake City, PFI recently initiated internet services, providing direct connectivity of its customers to the internet. "The acquisition practically doubles our network size in Reno where we have an operational network," Allen continued. "In addition, PFI is an established MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. 'preferred provider,' and we will assume that relationship upon closing, which will greatly benefit our existing network operations." In Reno, PFI has installed a 20-mile fully SONET compatible network, with eleven additional miles under construction. The two networks together will connect the vast majority of the high capacity users in Reno. "By combining our resources with the excellent existing PFI operations, we will have established a strong position in these markets, Allen stated. "Our confidence in the PFI operation is heightened because two of our existing markets, Sacramento and San Jose, were also acquired from the Phoenix group." Brooks Fiber Properties, Inc., headquartered in St. Louis, Missouri, is a leading full service provider of competitive local telecommunications services in cities across the United States. With networks operational or under construction in 37 U.S. cities, the company provides its customers with advanced and reliable high-capacity voice, video, data and other enhanced telecommunications services. You can now receive fax copies of recent Brooks Fiber news releases 24 hours a day by calling 1-800-758-5804 and entering 102207 or visit Brooks Fiber on the Internet at www.Brooks.net CONTACT: Brooks Fiber Properties Inc., St. Louis Waymon R. Tipton, 800/799-8914, ext. 313 |
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