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Tuesday, November 24, 2009 at 3:16AM Source: New Ulm Press Release
The Board of Directors of New Ulm Telecom (OTC:NULM.OB) declared a 4th quarter dividend in the amount of $.08 per share. The dividend will be paid to shareholders of record at the close of business on December 10, 2009 and will be payable on December 15, 2009.
Wednesday, November 18, 2009 at 6:37PM Source: CenturyLink Press Release
CenturyLink (NYSE:CTL) has announced that its Board of Directors voted to declare a quarterly cash dividend of $.70 per share, payable on December 15, 2009, to shareholders of record on December 2, 2009.
CenturyLink is a leading provider of high-quality voice, broadband and video services over its advanced communications networks to consumers and businesses in 33 states. CenturyLink, headquartered in Monroe, La., is an S&P 500 Company and expects to be listed in the Fortune 500 list of America's largest corporations.
Wednesday, November 18, 2009 at 2:54PM Source: American Tower Press Release
American Tower Corporation (NYSE:AMT) and Cincinnati Bell Inc. (NYSE:CBB) announced that American Tower has entered into a definitive agreement to acquire 196 of Cincinnati Bell's wireless communications towers for $100 million. The towers are located primarily in Ohio and Kentucky and currently average 2.1 tenants per tower. Cincinnati Bell will remain a tenant on all 196 towers pursuant to a long-term Master Lease Agreement.
"This transaction is a continuation of Cincinnati Bell's strategy to improve liquidity and unlock shareholder value," said Gary Wojtaszek, cfo of Cincinnati Bell. "We are pleased to expand our long-term relationship with a world-class operator such as American Tower, who is facilitating our ability to sell these non-core assets at an attractive valuation."
"We are pleased that Cincinnati Bell has selected American Tower to own and operate this critical portion of its network infrastructure and we continue to actively pursue the acquisition of other strategic assets in the United States," said Steven Marshall, president of American Tower's US Tower Division.
The acquisition is expected to close on or about December 30, 2009, and the acquisition's consideration is subject to certain closing adjustments. American Tower expects to use available cash on hand and cash equivalents to satisfy the consideration at closing.
Wednesday, November 18, 2009 at 4:03AM Source: Frontier Press Release
Seven communities in the state of Washington have voted to approve the transfer of control of local TV franchises from Verizon Northwest to Frontier Communications (NYSE:FTR). The approvals relate to a transaction between Frontier and Verizon Communications (NYSE:VZ), announced May 13, 2009, that includes Verizon’s local exchange businesses in 14 states, including parts of California, and certain customer relationships for long distance services, broadband Internet access and broadband video.
City councils in Mountlake Terrace, Mukilteo and Woodway approved franchise transfers on Monday and Bothell, Edmonds, Redmond and Woodinville approved the transfer of their franchises on Tuesday. The latest votes follow unanimous decisions by Snohomish County (5-0) and Marysville (7-0) to approve Verizon TV franchise transfers to Frontier last week (Nov. 10).
Transfers of local franchise agreements are required for Frontier to offer its own subscription TV service using network facilities that it will acquire from Verizon. Frontier has now received 19 of the required 42 approvals. The transaction is subject to approval by the Washington Utilities and Transportation Commission, utility regulators in five other states and the Federal Communications Commission (FCC).
On October 27, 2009, Frontier’s stockholders voted overwhelmingly to approve the merger agreement and related proposals. Frontier has also received approvals from the California Public Utilities Commission, the Public Utilities Commission of Nevada, and the Public Service Commission of South Carolina. On September 1, 2009, the transaction received early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Friday, November 13, 2009 at 7:23AM Source: Qwest Press Release
Qwest Communications International (NYSE:Q) announced the commencement of an offer by its Qwest Corporation (QC) subsidiary to exchange all of its privately placed outstanding 8.375 percent notes due 2016 for newly registered 8.375 percent notes due 2016.
The exchange offer, which is required by the registration rights agreement for the outstanding notes, is being made pursuant to the prospectus dated Nov. 13, 2009. The terms of the new notes are substantially identical to the terms of the outstanding notes, except that the new notes will be registered under the Securities Act of 1933, as amended. The exchange offer for these notes will expire at 5 p.m. EST on Dec. 14, 2009, unless extended.
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