Waller Capital Avises Citizens Communications (NYSE: CZN) on the sale of its California Assets

Stamford, CT

Waller Capital announced the close of the sale of certain non-strategic assets in southern California owned by a subsidiary of b (NYSE: CZN) (“Citizens”), to Rapid Communications.

Citizens is a telecommunications company providing wireline communications services to rural areas as an incumbent local exchange carrier (ILEC). Rapid Communications delivers data, video and other advanced services to small and mid-size markets in Indiana, Virginia, Wisconsin, California and Nevada. Rapid’s owners include private equity funds Alta Communications, Columbia Capital and Housatonic Partners.

Waller Capital initiated this transaction and served as Citizens’ Financial Advisor.

For more information contact: Garrett M. Baker, Principal
Waller Capital Corporation
(212) 632-3600