Wednesday, May 24, 2017
Lumos Networks Stockholders Approve Merger Agreement with EQT Infrastructure
WAYNESBORO, Va.–(BUSINESS WIRE)– Lumos Networks Corp. (“Lumos Networks”) (NASDAQ:LMOS, news, filings), a leading fiber-based service provider in the mid-Atlantic region, announced that, at the Lumos Networks Annual Meeting of Stockholders held today, Lumos Networks stockholders approved the merger agreement with EQT Infrastructure investment strategy (“EQT Infrastructure”).
Timothy G. Biltz, President and CEO of Lumos Networks, said, “We are pleased with the results of today’s meeting. We look forward to working with EQT Infrastructure as Lumos continues to innovate and expand its network, products and service offerings to our customers.”
More than 99% of the shares voted at the meeting were voted in favor of the merger, representing approximately 81% of Lumos Networks’ outstanding shares as of the record date for the meeting.
The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to be completed during the third quarter of 2017.
As previously announced, under the terms of the merger agreement, EQT Infrastructure will acquire all of Lumos Networks’ common stock. Lumos Networks stockholders of record will receive $18.00 in cash per share of Lumos Networks’ common stock.
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 25 markets in Virginia, West Virginia, North Carolina, Pennsylvania, Maryland, Ohio and Kentucky. With a fiber network of 10,112 fiber route miles and 491,276 total fiber strand miles, Lumos Networks connects 1,304 unique Fiber to the Cell sites, 1,659 total FTTC connections, 36 data centers, including 7 company owned co-location facilities, 2,031 on-net buildings and nearly 3,400 total on-net locations. 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.
ONE LUMOS PLAZA, WAYNESBORO, VIRGINIA 22980 • PO BOX 1068, WAYNESBORO, VIRGINIA 22980
540.946.2000 • LUMOSNETWORKS.COM