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Citizens Communications To Sell Electric Lightwave.

Publication: Business Wire
Publication Date: 07-FEB-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
STAMFORD, Conn. -- Citizens Communications (NYSE:CZN) today announced that it has entered into a definitive agreement to sell its subsidiary Electric Lightwave ("ELI") to Integra Telecom Holdings, Inc. The total proceeds from the sale are $247 million including $243 million in cash plus the assumption of $4 million in capital leases, subject to customary adjustments....

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