Exhibit 99.1
Citizens Communications
3 High Ridge Park
Stamford, CT 06905
203.614.5600
www.czn.com
FOR IMMEDIATE RELEASE
Contact
David Whitehouse
Senior Vice President & Treasurer
203.614.5708
Citizens Communications Citigroup Analyst Conference Audiocast Available
Stamford, Conn., January 10, 2008 - Maggie Wilderotter, Chairman and CEO of
Citizens Communications Company (NYSE:CZN), and Don Shassian, Chief Financial
Officer, participated in Citigroup's 18th Annual Global Entertainment, Media &
Telecommunications Conference in Phoenix, Ariz. on Jan. 8, 2008.
In addition to their opening remarks, Ms. Wilderotter and Mr. Shassian responded
to questions from investors on a wide variety of topics, including AT&T's
comments on the impact of recent economic events on that company and an update
on the synergies resulting from Citizens' acquisition of Commonwealth Telephone
Enterprises, Inc. in March 2007.
Citi Investment Research has provided a URL to anyone interested in listening to
a replay of the audiocast of Citizens' presentation. The audiocast replay is
available through February 9, 2008 at:
http://www.veracast.com/webcasts/citigroup/emt08/28107211.cfm
About Citizens Communications
Citizens Communications Company (NYSE: CZN) operates under the brand name of
Frontier and offers telephone, television and Internet services in 24 states.
More information is available at www.czn.com and www.frontieronline.com
This press release contains forward-looking statements that are made pursuant to
the safe harbor provisions of The Private Securities Litigation Reform Act of
1995. These statements are made on the basis of management's views and
assumptions regarding future events and business performance. Words such as
"believe," "anticipate," "expect," and similar expressions are intended to
identify forward-looking statements. Forward-looking statements (including oral
representations) involve risks and uncertainties that may cause actual results
to differ materially from any future results, performance or achievements
expressed or implied by such statements. These risks and uncertainties are based
on a number of factors, including but not limited to: reductions in the number
of our access lines and high-speed internet subscribers; competition from cable,
wireless or other wireline carriers; greater than anticipated competition; our
ability to successfully introduce new product offerings, including bundled
service packages; our ability to sell enhanced and data services; the effects of
ongoing changes in the regulation of the communications industry; our ability to
effectively manage our operations, costs and capital spending; adverse changes
in our debt ratings; effects of state regulatory cash management policies on our
ability to transfer cash among our subsidiaries and parent company; our ability
to pay a $1.00 per share dividend annually may be affected by our cash flow from
operations, amount of capital expenditures, debt service requirements, cash paid
for income taxes and our liquidity; increases in our cash taxes in 2007 and
thereafter; and general and local economic and employment conditions. These and
other uncertainties related to our business are described in greater detail in
our filings with the Securities and Exchange Commission, including our reports
on Forms 10-K and 10-Q and the foregoing information should be read in
conjunction with these filings. We do not intend to update or revise these
forward-looking statements to reflect the occurrence of future events or
circumstances.
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