Exhibit 99.1
COMPANY LOGO Citizens Communications
3 High Ridge Park
Stamford, CT 06905
203.614.5600
Web site: www.czn.net
FOR IMMEDIATE RELEASE
Contacts:
Financial Community: Media:
Alan H. Oshiki, Assistant Vice President Brigid M. Smith, Assistant Vice
Investor Relations President Corporate Communications
(203) 614-5629 (203) 614-5042
[email protected] [email protected]
Hawaii PUC Denies Purchase Application
STAMFORD, Conn., August 15, 2000 - Citizens Communications (NYSE:CZN)
reported today that a Decision and Order issued by the Public Utilities
Commission of the State of Hawaii denied the initial application requesting
approval of the purchase of the company's Kauai Electric Division by the Kauai
Island Utility Co-Op.
Consideration is being given to a variety of options, including the filing of a
request for reconsideration of the decision, which may include the filing of a
new application.
About Citizens Communications:
Citizens Communications provides telecommunications services to more than 1
million customers in 14 states. In 1999 and 2000, Citizens agreed to purchase
over 2 million additional access lines in 19 states. The first of these
transactions, in Nebraska, closed on June 30; the remainder will continue to
close throughout the next 12 months. Citizens also owns 83% 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. More information about Citizens can be
found at www.czn.net.
This document contains forward-looking statements 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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