STAMFORD, Conn.--(BUSINESS WIRE)--July 31, 2008--Citizens
Communications Company announced it has completed its name change to
Frontier Communications Corporation. Effective today, the company's
common stock will begin trading on the New York Stock Exchange under
its new ticker symbol "FTR."
"By aligning our corporate name with the brand name used
throughout our markets, we will increase the visibility of our company
with shareholders, leverage the strength of the Frontier brand, and
make the financial community more aware of our accomplishments in the
communities we serve," said Maggie Wilderotter, Chairman and CEO.
"Using the name Frontier Communications is appropriate for our company
since 100 percent of our customer interactions involve that name."
Ms. Wilderotter, joined by the company's Board of Directors and
members of senior management, commemorated the new name of the company
by ringing The Opening Bell(sm) today at the New York Stock Exchange.
"We are supporting our new corporate name with a strong identity
that complements the name used throughout our operations," said Ms.
Wilderotter. "While our corporate name is changing, all core elements
of our organization remain the same. Above all, Frontier
Communications will continue to provide our customers with excellent
services and products and our shareholders with a sound return on
The Company also announced today that its Board of Directors has
declared a regular quarterly cash dividend payment of $0.25 per share
of common stock, payable on September 30, 2008 to holders of record of
common stock at the close of business on September 9, 2008.
About Frontier Communications Corporation:
Frontier Communications Corporation (NYSE: FTR) is a full-service
communications provider and one of the largest rural local exchange
telephone companies in the country. Frontier Communications offers
telephone, television and Internet services, including wireless
Internet data access, as well as bundled offerings, ESPN360 streaming
video, security solutions and specialized bundles for small businesses
and home offices. Additional information about Frontier Communications
is available at www.frontieronline.com/investorrelations.
CONTACT: Citizens Communications Company
David Whitehouse, 203-614-5708
SOURCE: Frontier Communications Corporation