Integra Telecom, Inc. and Eschelon Telecom, Inc. Jointly Announce Expected Closing Date of August 31, 2007
July 18 2007 - 11:41AM
Business Wire
Integra Telecom Inc. and Eschelon Telecom, Inc. (NASDAQ:ESCH)
announced today that they expect the transaction between the two
companies to close the evening of Friday, August 31, 2007, pending
completion of Integra�s in-process financing transaction. Integra
expects to sign the financing transaction documents concurrent with
closing. 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. 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 53 markets in the
western United States. Headquartered in Minneapolis, Minnesota, the
company currently employs approximately 1,470
telecommunications/Internet professionals, serves over 65,000
business customers and has approximately 655,000 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
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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