Citizens Utilities to acquire Ogden Telephone Company.STAMFORD, Conn--(BUSINESS WIRE)--Feb. 4, 1997--Citizens Utilities Company (NYSE NYSE See: New York Stock Exchange : CZNA, CZNB) announced today that it has entered into a definitive agreement to acquire Ogden Telephone Company. Upon completion of the transaction, Ogden Telephone Company will be operated as part of Citizens Telecom. Leonard Tow, Citizens' chairman and chief executive officer, said, "This acquisition provides important new opportunities for the customers, employees and shareholders of both companies." Ogden's service areas in suburban Rochester, located near Citizens' existing 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 operations, serve approximately 20,000 customers. Maxine Davison, chairman of Ogden Telephone Company, added, "We look forward to being a part of Citizens and to sharing in its exciting plans for the future. We believe that Ogden Telephone Company will be a valuable addition to the Citizens family and benefit our employees and customers." Citizens Utilities provides telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and public services Public services is a term usually used to mean services provided by government to its citizens, either directly (through the public sector) or by financing private provision of services. to 1.8 million customers in 20 states. Citizens has a substantial interest in Centennial Cellular Corp., a cellular telephone company, and owns Electric Lightwave, Inc., a competitive telecommunications provider in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . CONTACT: Brigid M. Smith Citizens Utilities 203.329.5042 bsmith@czn.com or Maureen Howard Ogden Telephone Company 716.352.7203 |
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