Citizens Communications to Acquire Berkshire Telephone Corporation.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 6, 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, CZNPr) and Berkshire Telephone Corporation (Berkshire) announced today that Citizens has agreed to acquire all of the assets of Berkshire. Berkshire serves more than 6,000 telephone access lines in five communities in Columbia County, New York
Columbia County is a county located in the U.S. state of New York. As of the 2000 census, the population was 63,094. The county seat is Hudson. : Kinderhook, Valatie, Niverville, Stuyvesant and Stuyvesant Falls. Berkshire also offers cable television, paging, Internet access See how to access the Internet. and long-distance telephone services. Citizens Communications, which serves approximately 1.2 million telephone access lines in 15 states, currently serves over 330,000 access lines in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of state. On July 12, 2000, Citizens announced its agreement to acquire Frontier Corporation's 1.1. million access lines from Global Crossing Ltd. (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 :GBLX GBLX Global Crossing Ltd. (stock symbol) ). Upon completion of the Global Crossing and Berkshire agreements, Citizens will serve over 1 million access lines in New York. The parties expect that the transaction, which requires the approval of the New York Public Service Commission, will be completed during 2001. About Citizens Communications Citizens Communications provides telecommunications services to approximately 1.2 million customers in 15 states. In 1999 and 2000, Citizens agreed to purchase over 2 million additional access lines in 19 states. Citizens also owns 85.66% of Electric Lightwave, Inc. (NASDAQ: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. |
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