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Hawaiian Telcom Completes Acquisition Of Wavecom Solutions Corporation

Forward-Looking Statements

In addition to historical information, this release includes certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statement, projection or estimate that includes or references the words "believes", "anticipates", "intends", "expects", or any similar expression falls within the safe harbor of forward-looking statements contained in the Reform Act. Actual results or outcomes may differ materially from those indicated or suggested by any such forward-looking statement for a variety of reasons. More information on potential risks and uncertainties is available in recent filings with the Securities and Exchange Commission, including Hawaiian Telcom's 2011 Annual Report on Form 10-K. The information contained in this release is as of December 31, 2012. It is anticipated that subsequent events and developments may cause forward-looking statements to change.

About Hawaiian Telcom

Hawaiian Telcom Holdco, Inc., headquartered in Honolulu, is Hawaii's leading provider of integrated communications solutions for business and residential customers. With roots in Hawaii beginning in 1883, the Company offers a full range of services including voice, video, Internet, data, wireless, and advanced communication and network services supported by the reach and reliability of its network and Hawaii's only 24/7 state-of-the-art network operations center. With employees statewide sharing a commitment to innovation and a passion for delivering superior service, Hawaiian Telcom provides an Always On SM customer experience. For more information, visit www.hawaiiantel.com .

The Hawaiian Telcom Holdco, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10087

CONTACT: Media Relations Contact:
         Scott Simon, Hawaiian Telcom
         (808) 546-5466
         
         Investor Relations Contact:
         Brian Tanner, Hawaiian Telcom
         (808) 546-3442

Hawaiian Telcom Holdco, Inc. Logo

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