In The News

Conterra Telehealth Networks Initiates Broadband Service to Large, Southwestern Healthcare Group

Custom designed network provides secure, reliable, high speed access to electronic medical records and imaging and provides the platform to introduce new telemedicine applications
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Conterra® to Deliver High Speed Broadband Services to New Mexico Healthcare Network

New Mexico Healthcare Network to Receive High-Speed Broadband Connections from Conterra

Bridging America’s Healthcare Digital Divide

Charlotte, NC and Albuquerque, NM August 29, 2011- Conterra Ultra Broadband, LLC (“Conterra”), a national broadband services company specializing in bringing unique bandwidth solutions to complex telecommunications projects in rural areas, has been awarded a multi-year contract to provide fiber-quality, high-speed wide area network services to Presbyterian Healthcare Services of Albuquerque, NM.
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Conterra Broadband Completes New Debt Facilities of Up to $94 Million

CHARLOTTE, NORTH CAROLINA, July 21, 2011 – Conterra Ultra Broadband Holdings, Inc. (d/b/a Conterra Broadband Services), a national telecom transport carrier specializing in the design, deployment and operation of hybrid—microwave/fiber—broadband networks, today announced completion of new senior-secured credit facilities that provide the company with up to $94 million of borrowing capacity from a bank group including CoBank, ACB, Bank of America, N.A., Webster Bank, N.A. and Cooperative Bank members of the Farm Credit System.

The five-year term loan and revolving credit facilities are comprised of $79 Million of current lending commitments and the conditional ability to expand the facilities under existing terms by an additional $15 Million. The new credit facilities were arranged by CoBank, Bank of America and Stephens Inc.

The net proceeds of this financing will be primarily used to fund additional network deployments to support Conterra’s rapidly expanding offerings of high-capacity, carrier-grade broadband services for wireless carrier, education, healthcare and government customers primarily in rural, underserved regions of the United States, and to repay its existing senior secured loan. The company also maintains substantial cash reserves from the proceeds of a $25 million equity offering led by Goldman Sachs in 2010 and positive cash flow from its operations.

“We expect the demand for high-quality, high-bandwidth telecom transport services to soar over the next several years, particularly in rural areas of the country where rapid and reliable internet access is often still far behind that which is available in urban areas, commented Conterra’s Chairman and Chief Executive Officer, Steve Leeolou. “We believe that having decades of proven telecom expertise and the funding in-hand to meet the tightening rollout schedules of these capital intensive broadband network projects give Conterra a unique and sustainable competitive advantage in the rural broadband marketplace,” added Mr. Leeolou.


About Conterra

Conterra Broadband Services is a highly experienced Ethernet and TDM transport carrier that specializes
in the design, deployment and operation of customized broadband networks in rural areas. During the
last decade Conterra has connected more than a thousand rural sites in 20 states, bringing high-capacity
transport services to the wireless, educational and healthcare industries. Conterra builds networks with
owned fiber, customized microwave networks and aggregated fiber from smaller carriers to reach sites
with high-capacity Ethernet and TDM services.

Conterra Contact Information:

Eric Burgess, EVP & Chief Financial Officer
704.936.1810
eburgess@conterra.com
Craig Simpson, Vice President Backhaul Sales and Development
704.936.1809
csimpson@conterra.com
Van Snowdon, EVP Corporate (E-rate/Telehealth) Development
704.936.1803
vsnowdon@conterra.com

Conterra Delivers High-Speed Broadband Services to West Texas Students

Charlotte, NC and Lubbock, TX July 27, 2010– Conterra Broadband Services, a national broadband services company specializing in rural areas, has been awarded a multi- year contract to provide high-quality, high-speed wide area network services to the Texas Region 17 Education Service Center Consortium for 41 member independent school districts and charter schools. The hybrid broadband network is a combination of fiber optic and FCC-licensed microwave radio design which will upgrade the service currently provided by the consortium’s low bandwidth network to a state-of-the art Ethernet based, wide area broadband network connecting member districts to Region 17’s administration building located in Lubbock. The telecommunication services provided by Conterra are supported through the federal Universal Service E-Rate program which subsidizes a large portion of the consortium members, costs of utilizing the new services.

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Conterra® Providing Backhaul Transport for Verizon Wireless' 4G LTE Network in Several States.

CONTERRA BROADBAND PROVIDING HYBRID BACKHAUL TRANSPORT IN NORTH CAROLINA, SOUTH CAROLINA, TENNESSEE AND GEORGIA FOR VERIZON WIRELESS’ 4G LTE NETWORK LAS VEGAS; CHARLOTTE, N.C.; and BASKING RIDGE, N.J. – From CTIA WIRELESS 2010®,

Conterra Broadband Services (“Conterra”) and Verizon Wireless announced today that Conterra’s hybrid fiber/microwave network services are being used by Verizon Wireless to help build the nation’s largest 4G Long Term Evolution (LTE) network. Conterra’s transport networks support the huge volume of backhaul traffic enabled by new 3G and 4G LTE technologies and the new data-capable devices that have become commonplace among today’s wireless mobility subscribers. Conterra’s deployments to support Verizon Wireless in North Carolina, South Carolina, Tennessee and Georgia offer both
SONET/TDM and native Ethernet capability.

Conterra’s hybrid networks provide fiber-level performance from end to end, even in rural areas where fiber is unavailable and carrier-grade microwave connections are required. Furthermore, Conterra’s networks are designed to be easily upgraded and extended as Verizon Wireless has demonstrated frequently by expanding bandwidth needs and extending their data coverage into more rural areas.

“Verizon Wireless has been a key partner in Conterra’s emergence as a trusted service provider in the U.S. backhaul market,” noted Steve Leeolou, chairman and chief executive officer of Conterra. “For more than three years, we have been providing high-quality, scalable network solutions to support the upgrading of Verizon Wireless’ backhaul capabilities in the Southeast; and, based on our successful track record, we are now actively engineering customized transport services in other underserved parts of the country.” Nicola Palmer, Verizon Wireless network vice president, said, “Conterra’s expertise in providing backhaul in less-populated areas is a perfect fit as we lay the groundwork to provide rural and small-town Americans with incredible new wireless broadband services with our 4G LTE network.”

Verizon Wireless’ LTE rollout plan positions the company as a global leader in 4G LTE deployment, and it is on track to deliver the nation’s first 4G LTE network to customers in 25 to
30 markets, covering roughly 100 million people by year’s end. Verizon Wireless has been conducting trials in Boston and Seattle since August 2009 that have indicated that the network is
capable of peak download speeds of 40 to 50 megabits per second (Mbps), peak upload speeds of 20 to 25 Mbps, and average data rates of 5 to 12 Mbps on the downlink and 2 to 5 Mbps on the
uplink in real-world environments. The speeds are significantly faster than Verizon Wireless and other wireless providers’ current or promised 3G network speeds.

By leveraging its 700 MHz spectrum for LTE deployment in the United States, Verizon Wireless is capable of quickly deploying a high-quality wireless broadband network with excellent coverage and in-building penetration. Verizon Wireless is currently installing LTE equipment at existing cell sites and switching centers around the United States as part of its extensive, ongoing investment in its voice and data network infrastructure.

Visit www.verizonwireless.com/lte for more information about Verizon Wireless’ 4G LTE network. For more information about Conterra, visit www.conterra.com.

About Verizon Wireless
Verizon Wireless operates the nation’s most reliable and largest wireless voice and 3G data
network, serving more than 91 million customers. Headquartered in Basking Ridge, N.J., with
83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications
(NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit
www.verizonwireless.com. To preview and request broadcast-quality video footage and highresolution
stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia
Library at www.verizonwireless.com/multimedia.

About Conterra
Conterra Ultra Broadband Holdings, Inc. is a privately held, alternative access transport carrier that, through its subsidiaries, provides managed, fiber-class broadband solutions to approximately 1,000 commercial sites in 17 states supporting customers in the wireless mobility, K-12 school, healthcare and government sectors. Headquartered in Charlotte, North Carolina, Conterra’s executives have deep backgrounds in the cellular communications industry (including former top executives of one of America’s first cellular operating companies, Vanguard Cellular Systems), as well as the CLEC and IT industries. Additional information about Conterra is available at www.conterra.com, or by contacting our President & COO, Dennis Francis, at 717.368.9286 /dfrancis@conterra.com or our EVP, Corporate Development, Van Snowdon, at 704.936.1803/ vsnowdon@conterra.com.

MEDIA CONTACTS:
March 24, 2010 Jeffrey Nelson
Verizon Wireless
917.968.9175 (mobile)
Jeffrey.Nelson@verizonwireless.com
Dennis Francis
Conterra Broadband Services
717.368.9286
dfrancis@conterra.com