PRESS RELEASE


 

Media Contact
Will Davis
Senior Vice President of Marketing and Investor Relations
Chief of Staff
(917) 519-6994
davisw@lumosnet.com

 

For immediate release

Wednesday, September 20, 2017
Lumos Networks to Participate in C-RAN Panel at HetNet Expo

WAYNESBORO, Va., Sept. 21, 2017 (GLOBE NEWSWIRE) -- Lumos Networks Corp. (“Lumos Networks”) (NASDAQ:LMOS), a leading fiber-based infrastructure provider in the mid-Atlantic region, will attend the HetNet Expo, which will be held October 10-11, 2017 in West Palm Beach, Florida.

Thomas Ferry, Chief Technology Officer of Lumos Networks, will participate in the following panel at the HetNet Expo on October 10th from 3:00-4:00pm:

“Coming to a Street Corner Near You: Mobile Densification and C-RAN”

Other Panel Participants include:

  • Ray LaChance, CEO of ZenFi
  • Jim Nevelle, CEO of Kathrein USA
  • Keith Kaczmarek, inPhase Wireless
  • Alexander Gellman, CEO of Vertical Bridge

SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS
Any statements contained in this press release that are not statements of historical fact, includingstatements about our beliefs and expectations, are forward-looking statements and should be evaluated assuch. The words “anticipates,” “believes,” “expects,” “intends,” “plans,” “estimates,” “targets,” “projects,”“should,” “may,” “will” and similar words and expressions are intended to identify forward-lookingstatements. Such forward-looking statements reflect, among other things, our current expectations, plansand strategies, and anticipated financial results, all of which are subject to known and unknown risks,uncertainties and factors that may cause our actual results to differ materially from those expressed orimplied by these forward-looking statements. Many of these risks are beyond our ability to control orpredict. Because of these risks, uncertainties and assumptions, you should not place undue reliance onthese forward-looking statements. Furthermore, forward-looking statements speak only as of the date theyare made. We do not undertake any obligation to update or review any forward-looking information,whether as a result of new information, future events or otherwise. Important factors with respect to anysuch forward-looking statements, including certain risks and uncertainties that could cause actual results todiffer from those contained in the forward-looking statements, include, but are not limited to: the successfulclosing of the announced transaction with EQT Infrastructure, including obtaining the requisite regulatoryand governmental approvals and satisfying other closing conditions; the risk that required governmentaland regulatory approvals may delay the transaction or result in the imposition of conditions that couldcause the parties to abandon the transaction or materially impact the financial benefits of the transaction;the timing to consummate the proposed transaction; any disruption from the proposed transaction making itmore difficult to maintain relationships with customers, employees or suppliers; the diversion ofmanagement time on transaction-related issues; the transaction may involve unexpected costs, liabilities ordelays; the outcome of any legal proceedings related to the transaction, the failure by EQT Infrastructure toobtain the necessary financing arrangement set forth in commitment letters received in connection with themerger; the impact of the acquisitions of Clarity Communications and DC74 Data Centers on ouroperations; rapid development and intense competition with resulting pricing pressure in thetelecommunications and high speed data transport industry; our ability to grow our data business on anorganic or inorganic basis in order to offset expected revenue declines in legacy voice and accessproducts; our ability to obtain new carrier contracts or expand services under existing carrier contracts atcompetitive pricing levels to offset churn and achieve revenue growth from our carrier businesses; ourability to separate our legacy business on a timely basis; our ability to effectively allocate capital and timelyimplement network expansion plans necessary to accommodate organic growth initiatives; our ability tocomplete customer installations in a timely manner; adverse economic conditions; operating and financialrestrictions imposed by our senior credit facility and our unsecured debt obligations; our cash and capitalrequirements; our ability to maintain and enhance our network; the potential to experience a high rate ofcustomer turnover; federal and state regulatory fees, requirements and developments; our reliance oncertain suppliers and vendors; and other unforeseen difficulties that may occur. These risks anduncertainties are not intended to represent a complete list of all risks and uncertainties inherent in ourbusiness, and should be read in conjunction with the more detailed cautionary statements and risk factorsincluded in our SEC filings, including our Annual Report filed on Form 10-K and our Quarterly Reports onForm 10-Q.

About Lumos Networks

Lumos Networks is a leading fiber-based service provider in the Mid-Atlantic region serving Carrier, Enterprise and Data Center customers, offering end-to-end connectivity in 26 markets in Virginia, West Virginia, North Carolina, Pennsylvania, Maryland, Ohio and Kentucky. With a fiber network of 11,028 fiber route miles and 517,244 total fiber strand miles, Lumos Networks connects 1,310 unique Fiber to the Cell sites, 1,684 total FTTC connections, 2,230 on-net buildings and approximately 3,500 total on-net locations. The Company also connects 44 total data centers, including three data centers acquired from DC74 (now named Lumos Data Centers), two acquired from Clarity Communications and seven company owned co-location facilities. In 2016, Lumos Networks generated over $123 million in Data revenue over our fiber network. Detailed information about Lumos Networks is available at www.lumosnetworks.com.

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