Waynesboro, VA – August 8, 2011. NTELOS Holdings Corp. (NASDAQ:NTLS, news, filings) announced today that NTELOS Wireline and FiberNet will combine to become one new brand concurrent with the separation of the Company’s wireline operations into a new publicly traded company. In early September, brand launch events will be held simultaneously in four markets: Charleston, WV; Waynesboro, VA; Covington, VA; and Daleville, VA.
“After a great deal of research and due diligence, I am pleased to announce the Board of Directors has approved Lumos Networks Corp. as the name of our new wireline company,” said James A. Hyde, CEO of NTELOS Holdings Corp. “Lumos Networks will continue to operate under the same core values as NTELOS, but with exciting new branding that will be shared with wireline employees and introduced to customers over the next few weeks. NTELOS Wireless will retain the NTELOS name and will continue to provide dependable nationwide wireless voice and data services.”
“While our name and look will be changing, our guiding principles of doing business, most importantly Customer First, will not,” said Michael B. Moneymaker, President and CFO of Lumos Networks Corp. “Our mission, values and the people who serve our customers remain the same.”
While the new logo and brand will be unveiled in early September, Mr. Moneymaker offered a preview. “Our new brand not only represents a tradition of providing leading technology to those we serve, it also demonstrates our commitment to the investments in our people, our network and our technologies to lead the way to a brighter future,” he said. “The change to Lumos Networks will allow us to create a stronger identity for our wireline business– data, broadband, voice, and IP services. We are very excited about this change and the tremendous opportunities it presents for our customers, the communities we serve and our employees.”
The Company intends to schedule a conference call at the time of the official brand launch to introduce the logo and management team to investors and analysts, and will further discuss key strategies for Lumos Networks Corp. going forward.
It is expected that Lumos Networks Corp. common stock will be listed on the NASDAQ Stock Market, trading under the symbol “LMOS.”
NTELOS Holdings Corp. (NASDAQ: NTLS) is an integrated communications provider with headquarters in Waynesboro, VA. NTELOS provides products and services to customers in Virginia, West Virginia, Pennsylvania, Kentucky, Ohio, Maryland and North Carolina, including nationwide wireless voice and data services, local and long distance telephone, high capacity transport, networking and high-speed Broadband data services and IPTV-based video products. Detailed information about NTELOS is available at www.ntelos.com.
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