Lumos Networks Corp. ("Lumos Networks") (NASDAQ: LMOS), a leading fiber-based service provider in the mid-Atlantic region, is now offering Gigabit FAST residential fiber service for $69.95 on a two year promotion to eligible consumers within its RLEC fiber footprint. This Gigabit FAST service offers internet speeds of up to 1 Gigabit per second (or 1,000 Mbps). Gigabit speeds are available to 100% of all residences passed by Lumos fiber in its entire RLEC footprint. Along with this offering, Lumos Networks is also performing a broadband speed increase to its middle speed profiles by moving existing fiber internet customers from 50 Mbps to 75 Mbps and 100 Mbps to 150 Mbps for improved performance. "Lumos Networks has consistently been on the forefront in offering fiber-based internet speeds to customers for many years and we continue to advance the IP product set to better serve our local market areas with reliability and the fastest broadband internet offerings in our region at very competitive rates," said Diego Anderson, Senior VP & General Manager of the Residential and Small Business segment at Lumos Networks. Mr. Anderson continued, "This 1 Gigabit promotional offering along with the new middle speed profile migrations are geared to support our residential users' need for faster speed applications whether it is for telecommuting productivity or online entertainment such as gaming or video streaming. We continue to see a growing demand for higher speeds as consumers connect more & more internet enabled devices in their homes within an evolving Internet of Things (IoT) ecosystem. These offerings are aligned to support the economic development and quality of life activities within our local communities as future technological needs advance." The newly available fiber download speed profile options now consist of 75 Mbps, 150 Mbps, and 1 Gigabit per second. The $69.95 promotional rate for the 1 Gbps is a limited time offer in the Alleghany Highlands, Waynesboro/Augusta County, and Troutville/Botetourt County Gigabit fiber service areas.
About Lumos NetworksLumos Networks is a leading fiber-based service provider in the Mid-Atlantic region serving Carrier, Enterprise and Data Center customers, offering end-to-end connectivity in 24 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. With a fiber network of 9,204 fiber route miles and 475,507 total fiber strand miles, Lumos Networks connects 1,297 unique Fiber to the Cell sites, 1,642 total FTTC connections, 36 data centers, including 7 company owned co-location facilities, 1,984 on-net buildings and approximately 3,300 total on-net locations. In 2015, Lumos Networks generated over $114 million in Data revenue over our fiber network. Detailed information about Lumos Networks is available at www.lumosnetworks.com. SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS Any statements contained in this presentation that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. The words "anticipates," "believes," "expects," "intends," "plans," "estimates," "targets," "projects," "should," "may," "will" and similar words and expressions are intended to identify forward-looking statements. Such forward-looking statements reflect, among other things, our current expectations, plans and strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Important factors with respect to any such forward-looking statements, including certain risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, include, but are not limited to: our ability to complete the Clarity acquisition on a timely basis and the impact of the acquisition on our operations; rapid development and intense competition with resulting pricing pressure in the telecommunications and high speed data transport industry; our ability to grow our data business on an organic or inorganic basis in order to offset expected revenue declines in legacy voice and access products; our ability to obtain new carrier contracts or expand services under existing carrier contracts at competitive pricing levels to offset churn and achieve revenue growth from our carrier businesses; our ability to separate our legacy business on a timely basis; our ability to effectively allocate capital and timely implement network expansion plans necessary to accommodate organic growth initiatives; our ability to complete customer installations in a timely manner; adverse economic conditions; operating and financial restrictions imposed by our senior credit facility and our unsecured debt obligations; our cash and capital requirements; our ability to maintain and enhance our network; the potential to experience a high rate of customer turnover; federal and state regulatory fees, requirements and developments; our reliance on certain suppliers and vendors; and other unforeseen difficulties that may occur. These risks and uncertainties are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in conjunction with the more detailed cautionary statements and risk factors included in our SEC filings, including our Annual Report filed on Form 10-K.