SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 17, 2001
CITIZENS COMMUNICATIONS COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 001-11001 06-0619596
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3 High Ridge Park
Stamford, Connecticut 06905
(Address of Principal Executive Offices) (Zip Code)
(203) 614-5600
Registrant's Telephone Number, Including Area Code
No Change Since Last Report
----------------------------------------------
(Former name or former address, if changed since last report)
Item 5. Other Events.
Citizens Communications Company announced today that pending agreements
with Verizon Communications to acquire approximately 63,000 telephone
access lines in Arizona and California have been terminated, effective
immediately.
Item 7. Financial Statements, Exhibits
(c) Exhibits
99.1 Press Release of Citizens Communications Company released
December 17, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CITIZENS COMMUNICATIONS COMPANY.
Dated: December 18, 2001 By: /s/Robert J. Larson
-------------------------------
Name: Robert J. Larson
Title: Vice President and
Chief Accounting Officer
Citizens Communications
3 High Ridge Park
Stamford, CT 06905
203.614.5600
Web site: www.czn.net
-------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE
Contact:
Don Armour
Vice President, Finance
(203) 614-5124
DArmour@czn.com
Citizens Communications
Acquisition Agreements with Verizon are Terminated
Stamford, Conn., Dec. 17, 2001-- Citizens Communications Company (NYSE: CZN,
CZB) announced today that pending agreements with Verizon Communications to
acquire approximately 63,000 telephone access lines in Arizona and California
have been terminated, effective immediately.
About Citizens Communications
Citizens Communications serves 2.5 million telephone access lines in 24 states.
Citizens owns approximately 85 percent of Electric Lightwave, Inc. (NASDAQ:
ELIX), a facilities-based, integrated communications provider that offers a
broad range of services to telecommunications-intensive businesses in the West.
More information on 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 the local and overall economy, 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
company's ability to identify future markets and successfully expand existing
ones, the mix of products and services offered in the company's target 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 buy 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.
###