DYCOM INDUSTRIES, INC.
4440 PGA Boulevard / Palm Beach Gardens, Florida 33410-6542
First Union Center / Suite 500 / Telephone (561) 627-7171
NEWS RELEASE
FOR IMMEDIATE RELEASE Contact: Steven E. Nielsen, President and CEO
Richard L. Dunn, Senior Vice President
and CFO
(561) 627-7171
Palm Beach Gardens, Florida December 19, 2000
DYCOM INDUSTRIES, INC. COMPLETES THE ACQUISITION OF
POINT TO POINT COMMUNICATIONS, INC.
Dycom Industries, Inc. (NYSE:"DY") announced today that pursuant to a Stock
Purchase Agreement, previously announced on November 27, 2000, Point to Point
Communications, Inc. has become a wholly-owned subsidiary of Dycom. Upon
consummation of the transaction, the stockholders of Point to Point
Communications received an aggregate payment of $65,000,000, consisting of
$52,000,000 in cash and 312,312 shares of common stock of Dycom.
Point to Point Communications, based in Lafayette, Louisiana, provides central
office engineering, equipment, installation, testing and maintenance services
for telecommunication providers throughout the United States.
A Tele-Conference call to discuss this acquisition will be hosted at 11:00 a.m.
EST, Wednesday, December 20, 2000; call 1-800-450-0818 and request "Dycom
Acquisition." A live webcast of the conference call will be available at
http://www.dycomind.com. If you are unable to attend the conference call at the
scheduled time, a replay of the live webcast will also be available at
http//:www.dycomind.com.
Dycom is a leading provider of engineering, construction, and maintenance
services to telecommunication providers throughout the United States.
Additionally, the Company provides similar services related to the installation
of integrated voice, data, and video local and wide area networks within office
buildings and similar structures. Dycom also provides underground utility
locating and mapping and electric utility construction services.
