Lumos Networks (LMOS) to Pursue Strategic Alternatives for Regulated LEC Assets
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Lumos Networks Working with UBS Investment Bank to Pursue Strategic Alternatives for the Company’s Regulated Assets
November 9, 2016 8:05 AM ESTWAYNESBORO, Va.--(BUSINESS WIRE)-- Lumos Networks Corp. (Lumos Networks) (NASDAQ: LMOS), a leading fiber-based service provider in the mid-Atlantic region today announced that UBS Investment Bank is assisting it in exploring strategic alternatives for the Companys regulated Local Exchange Carrier (LEC) assets.
During the third quarter, we completed our network separation analysis for our regulated LEC assets, said Timothy G. Biltz, CEO of Lumos Networks. Not only did we determine that these LEC network assets can be separated, but we initiated physical separation of these assets during the quarter. We believe that a key... More
