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Citizens Communications Completes Purchase of Nebraska Telephone Properties.


Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--June 30, 2000

Citizens Communications Citizens Communications is the parent company of Frontier Telephone, providing telephone and internet access in 24 states.

The company headquarters are located at 3 High Ridge Park in Stamford, Connecticut.
 (NYSE NYSE

See: New York Stock Exchange
:CZN) announced today that it has completed the purchase of 61,000 telephone access lines in Nebraska from GTE GTE General Telephone & Electronics
GTE Génie Thermique et Énergie (French)
GTE Gas Turbine Engine
GTE Global Tropospheric Experiment
GTE Geothermal Energy
GTE Gas Turbine Efficiency plc (Sweden & USA) 
 Corporation (NYSE:GTE).

In 1999, Citizens agreed to purchase nearly one million telephone access lines from GTE and USWEST Inc. (NYSE:USW USW Und So Weiter (German: and so on)
USW Undersea Warfare
USW United Steel Workers
USW US Wheat Associates
USW Ultrasonic Welding
USW Ultra Short Wave
USW US West Telecommunications (stock symbol) 
) in transactions valued at $2.8 billion. The Nebraska transaction is the first of these purchases to close. The remainder will close over the next twelve months.

Citizens Communications provides telecommunications services In telecommunication, the term telecommunications service has the following meanings:

1. Any service provided by a telecommunication provider.

2.
 to more than 1 million customers in 14 states. Citizens also owns 82% of Electric Lightwave, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:ELIX), a facilities-based, integrated communications provider that offers a broad range of services to telecommunications-intensive businesses throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More information about Citizens can be found at www.czn.net.

This document contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. These and all forward-looking statements (including oral representations) are only predictions or statements of current plans that are constantly under review by the company. All forward-looking statements may differ from actual results because of, but not limited to, changes in the local and overall economy, changes in market conditions for debt and equity securities, the nature and pace of technological changes, the number and effectiveness of competitors in the company's markets, success in overall strategy, changes in legal or regulatory policy, changes in legislation, the company's ability to identify future markets and successfully expand existing ones, the mix of products and services offered in the company's target markets, the effects of acquisitions and dispositions and the ability to effectively integrate businesses acquired. These important factors should be considered in evaluating any statement contained herein and/or made by the company or on its behalf. The foregoing information should be read in conjunction with the company's filings with the U.S. Securities and Exchange Commission including, but not limited to, reports on Forms 10-K and 10-Q. The company does not intend to update or revise these forward-looking statements to reflect the occurrence of future events or circumstances.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 30, 2000
Words:358
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