Eschelon Telecom, Inc. Files Hart-Scott-Rodino Notification and Report in Connection with Proposed Acquisition by Integra Teleco
April 20 2007 - 8:12AM
Business Wire
Eschelon Telecom, Inc., (NASDAQ:ESCH) a leading provider of
integrated communications services to small and medium sized
businesses in the western United States, today announced that as
required under the Hart-Scott-Rodino Antitrust Improvement Act of
1976, as amended, Eschelon and Integra Telecom Holdings, Inc., each
filed the required Notification and Report forms with the Federal
Trade Commission and the Department of Justice, on April 17, 2007
and the required filing fee was paid. The 30-day waiting period
will expire on May 17, 2007, unless the parties receive early
termination of the waiting period. The waiting period can be
extended if the parties receive a request for additional
information from the Federal Trade Commission or the Department of
Justice. About Eschelon Telecom, Inc. Eschelon Telecom, Inc. is a
facilities-based competitive communications services provider of
voice and data services and business telephone systems in 45
markets in the western United States. Headquartered in Minneapolis,
Minnesota, the company currently employs approximately 1,400
telecommunications/Internet professionals, serves over 60,000
business customers and has approximately 600,000 access lines in
service throughout its markets in Minnesota, Arizona, Utah,
Washington, Oregon, Colorado, Nevada, Montana and California. For
more information, please visit our web site at www.eschelon.com
About Integra Telecom, Inc. Integra Telecom, Inc. provides voice,
data and Internet communications to thousands of business and
carrier customers in eight Western states, including: Arizona,
California, Idaho, Minnesota, North Dakota, Oregon, Utah and
Washington. The company owns and operates a best-in-class
fiber-optic network comprised of eight metropolitan access
networks, a nationally acclaimed tier one Internet and data network
and a 4,700-mile high-speed long haul network. The company enjoys
some of the highest customer loyalty and customer satisfaction
ratings in the telecommunications industry. Primary equity
investors in the company include Bank of America Capital Investors,
Boston Ventures and Nautic Equity Partners. Integra Telecom and
Electric Lightwave are registered trademarks of Integra Telecom
Inc. For more information, visit www.integratelecom.com. Important
Additional Information Will Be Filed With The SEC The Company plans
to file with the SEC and mail to its stockholders a Definitive
Proxy Statement in connection with the transaction. The Definitive
Proxy Statement will contain important information about the
Company, Integra, the Merger and related matters. Investors and
security holders are urged to read the Definitive Proxy Statement
carefully when it is available. Investors and security holders will
be able to obtain free copies of the Definitive Proxy Statement and
other documents filed with the SEC by the Company through the web
site maintained by the SEC at www.sec.gov. Free copies of the
Definitive Proxy Statement, when available, may also be obtained
from the Company and free copies of the Company�s other filings
with the SEC may also be obtained from the Company. Free copies of
the Company filings may be obtained by sending a written request to
Investor Relations, Eschelon Telecom, Inc. 730 Second Ave.
Minneapolis, MN 55402. In addition, investors and security holders
may access copies of the documents filed with the SEC by the
Company on its website at www.eschelon.com, under the links
�Investor Relations�SEC Filings� when they become available.
Eschelon and its officers and directors may be deemed to be
participants in the solicitation of proxies with respect to the
proposed transaction. Information regarding such individuals is
included in Eschelon�s proxy statements and Annual Reports on
Form�10-K previously filed with the Securities and Exchange
Commission and will be included in the definitive proxy statement
relating to he proposed transaction when it becomes available.
Forward Looking Statements This announcement contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking
statements are based on Eschelon Telecom�s current intent, belief
and expectations. These statements are not guarantees of future
performance and are subject to certain risks and uncertainties that
are difficult to predict. Actual results may differ materially from
these forward-looking statements because of the company�s history
of losses, ability to maintain relationships with RBOCs,
substantial indebtedness, intense competition, dependence on key
management, changes in government regulations, and other risks that
may be described in the company�s filings with the Securities and
Exchange Commission. In particular, statements regarding the
consummation of the merger are subject to risks that the conditions
to the transaction will not be satisfied. In addition, our results
of operations, financial condition and cash flows also may be
adversely impacted by the recent announcement of the proposed
transaction, which may impact our ability to attract and retain
customers, management and employees. We have incurred and will
continue to incur significant advisory fees and other expenses
relating to the transaction. Existing and prospective investors are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of today�s date. Eschelon Telecom
undertakes no obligation to update or revise the information
contained in this announcement, whether as a result of new
information, future events or circumstances or otherwise.
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