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Citizens Communications Completes Sale of Kauai Electric for $215 Million
STAMFORD Conn., Nov 1, 2002 (BUSINESS WIRE) -- Citizens Communications (NYSE:CZN) today announced the completion of the sale of its Kauai Electric division to the Kauai Island Utility Cooperative. The purchase price was $215 million in cash. Citizens Communications will apply the net proceeds from the sale of Kauai Electric to its on-going program of debt reduction. Through Sept. 30, Citizens had retired approximately $718 million of its debt during 2002.

    About Citizens Communications
Citizens Communications provides telecommunications services to approximately 2.5 million customers in 24 states. More information about Citizens can be found at www.czn.net.

This document contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. These and all forward-looking statements (including oral representations) are only predictions or statements of current plans that are constantly under review by the company. All forward-looking statements may differ from actual results because of, but not limited to, changes in local and national economies, the state of the telecommunications industry, changes in market conditions for debt and equity securities, the nature and pace of technological changes, the number and effectiveness of competitors in the company's markets, success in overall strategy, changes in legal or regulatory policy, changes in legislation, the mix of products and services offered in the company's markets, the effects of acquisitions and dispositions and the ability to effectively integrate businesses acquired. These important factors should be considered in evaluating any statement contained herein and/or made by the company or on its behalf. The foregoing information should be read in conjunction with the company's filings with the U.S. Securities and Exchange Commission including, but not limited to, reports on Forms 10-K and 10-Q. The company does not intend to update or revise these forward-looking statements to reflect the occurrence of future events or circumstances.

CONTACT:          Citizens Communications
                  Brigid M. Smith, 203/614-5042 
                  bsmith@czn.com
                  or
                  Michael A. Zarrella, 203/614-5179 
                  mzarrell@czn.com

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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Frontier Communications Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.