In The News

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.

Read The Full Article

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

Goldman Sachs Leads $25 Million Equity Investment in Conterra® Ultra Broadband

Former Alltel Executives & Conterra’s CEO Also Participate

CHARLOTTE, NORTH CAROLINA, January 6, 2010—Conterra Ultra Broadband Holdings, Inc. today
announced completion of a $25 million senior preferred stock offering led by The Goldman Sachs Group,
Inc. Other investors were The Circumference Group, LLC, an Arkansas based advisory and investment
firm comprised of former Alltel Wireless corporate executives, and Conterra’s Chairman and CEO,
Stephen Leeolou. Proceeds from the offering will be used to fund new network deployments that will
enable Conterra to provide high‐speed broadband transport services to its growing base of wireless
carrier, education, healthcare and government customers primarily in rural, underserved regions of the
United States.

“The addition of this substantial equity capital strengthens our balance sheet and will allow us to
continue to aggressively rollout our hybrid, fiber/microwave, video, data and voice transport networks
in virtually any location on a nationwide scale,” noted Mr. Leeolou. “In addition to their investment, we
believe that Goldman Sachs’ and Circumference Group’s insights and corporate development experience
in the telecom industry will also add value to our company,” added Mr. Leeolou.

”We believe the U.S. broadband market is poised for strong growth over the next several years and that
Conterra is well positioned, with the right management team, target markets and service offerings to
participate in this growth,” commented Peter Perrone, Managing Director, Goldman Sachs. “Providing
high‐capacity mid‐mile and last‐mile transport connections in parts of the country that have traditionally
lacked adequate broadband infrastructure is an attractive business opportunity,” added Mr. Perrone.

Goldman Sachs joins Duke Energy Corp. and GE Capital as Conterra’s largest institutional equity
investors. The company also continues to have access to its $40‐million dollar senior credit facility
provided by a multi‐billion‐dollar, U.S. based investment fund.

As a result of this $25 million preferred equity transaction, Mr. Perrone and Circumference’s Christopher
Smith, former Executive Vice President, Network Services of Alltel Wireless (acquired by Verizon
Wireless for more than $28 billion), will join Conterra’s five‐member Board of Directors. Richard Bates,
Vice President, Mergers and Acquisitions for Duke Energy, will also join the Board and Mr. Leeolou will
continue to serve as its Chairman.

The Little Rock, Arkansas investment banking firm of Stephens Inc. served as financial advisor to
Conterra on this transaction and corporate legal services were provided by McGuireWoods LLP in
Charlotte, N.C. Goldman Sachs was represented by Wilson Sonsini Goodrich and Rosati, P.C. in Palo
Alto, CA.

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 EVP & CFO, Eric Burgess, at 704.936.1810/eburgess@conterra.com or our EVP, Corporate Development, Van Snowdon, at 704.936.1803/ vsnowdon@conterra.com.


About Goldman Sachs:

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high‐net‐worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

About Circumference Group:

The Circumference Group LLC is a private investing and advisory team focused on technology and telecommunications businesses. The Circumference Group team is comprised of seasoned operators and investors with senior management experience in multiple disciplines. Circumference Group co‐invests alongside trusted partners in businesses the team understands, and complements its investments with advisory services that leverage Circumference Group’s proven methodologies and experience as an operating team. Additional information about the Circumference Group is available at www.circumferencegroup.com.

Rural Texas Students Receive High-Speed Internet Services

Video Conferencing and Distance Learning Network

Charlotte, NC October 30, 2009– Conterra Telecom Services (Conterra), a national broadband services company specializing in underserved rural areas, has announced the commencement of initial high-speed wide area network and Internet Access services to the Wireless Internet Consortium, lead by Texas Region 10 Educational Service Center (ESC) for 38 member school districts. When completed, the Ethernet based network will connect all member districts to Region 10’s administration building located in Richardson, TX. A seven year contract was awarded to Conterra through the federal E-Rate program which subsidizes a large portion of the consortium member’s costs of utilizing the new services.

Conterra’s managed broadband networks support the convergence of integrated data, video and voice services on single circuits allowing the consolidation of multiple service providers to a single source of performance accountability. Conterra monitors, manages and supports its networks on a 24x7x365 basis and guarantees network performance and reliability. In addition to Internet access, Conterra’s network services is used to support Region 10’s videoconferencing network which provides student credit courses, virtual field trips, graduate degrees and certifications for district staff members along with professional development support.

”High-speed broadband and Internet service has not been competitively available to many school districts throughout Region 10’s service area, says Gary Bowers, Assistant Director Telecommunications,” When the network is fully operational, each school district will receive 20 Mbps of Internet access through Conterra’s carrier class broadband wireless network. Conterra exceeded all our requirements including a design that will support increased bandwidth in future years.” The Region 10 Wide Area Network services contract is one of three major E-Rate subsidized telecommunications projects recently deployed by Conterra in rural Texas. A similar Conterra high-speed broadband network to service Region 14 ESC became operational in 2008 and a new broadband network for Region 15 ESC has recently commenced service. “Through our state-of-the-art broadband networks, Conterra will deliver high-quality, high-speed Ethernet broadband and Internet services to 125 Texas school districts at performance levels comparable to those enjoyed by schools in the state’s largest metropolitan areas,” commented Conterra’s President and Chief
Operating Officer, Dennis Francis. “And, thanks to the federal E-rate program, which subsidizes a large portion of essential telecommunication services for underserved school districts, students and teachers in this part of rural Texas will not have to wait on funding from the government’s new Stimulus Package to take advantage of new video-based educational opportunities that are available right now through the Internet,” added Mr. Francis.

About Conterra Telecom Services
Conterra Telecom Services (“Conterra”), headquartered in Charlotte, NC, is a national provider of facilities-based broadband services for K-20, healthcare and government entities; wireless carriers and select enterprises that require bandwidth intensive, carrier-grade data, video and voice transport services primarily in underserved rural America markets. Conterra and its subsidiaries currently provide these services to over 1,000 K-12 schools, colleges, government and commercial sites throughout the United States, affording broadband services to over one million students, teachers, administrators and others.

Privately owned, Conterra was established by the founders and members of management of Vanguard Cellular Systems, Inc., which became one of the first and largest independent cellular companies in the United States. Started in 1982, Vanguard designed, built and operated its own point-to-point microwave transport systems to support wireless voice and data traffic within its mostly rural cellular networks throughout the country which are now part of AT&T Mobility. For more information about Conterra, visit www.conterra.com or call: 800-634-1374.

Conterra Commences Federally Backed Broadband Services For Rural Texas Students

Bridging the Digital Divide: Video Conferencing and Distance Learning Network

October 30, 2009; Charlotte, NC– Conterra Telecom Services, a national broadband services company specializing in underserved rural areas, has announced the initial commencement of high-speed wireless wide area network services to the” NetXV Consortium,” a collaborative technology initiative among Texas Region 15 Educational Service Center (ESC XV) members. Conterra has deployed a state-of-the-art microwave radio based, Ethernet network to provide Video Conferencing and Distance Learning network services. When completed, Conterra’s wide area broadband network will provide fiber optic quality Internet voice, video and data services to 43 of ESC XV’s member districts. The seven year contract was awarded to Conterra through the federal E-Rate program which subsidizes a large portion of the consortium member’s costs of the new broadband services.

The NetXV Consortium membership consists of mostly small, remote school districts that are disbursed across a massive land area of some 25,000 square miles. Ubiquitous high-quality, high-speed broadband services have historically been virtually non-existent across these rural parts of ESC XV. Conterra’s intelligent broadband networks support the convergence of integrated data, video and voice services on a single circuit which provides for a single source of telecommunication transport services and performance accountability.

The new wide area broadband network connects the participating consortium members to ESC XV’s regional offices located in San Angelo. Conterra monitors, manages and supports the network on a 24X7X365 basis and delivers network performance and reliability levels comparable to those in optical fiber networks which are primarily located in major urban areas. “We are very excited to have this high-speed broadband network service started for our member districts. The services we provide our districts are already greatly impacted”, according to Scot Goen, the ESC’s Executive Director. “Distance learning, video quality, speed, and increased bandwidth in our districts are allowing our students to explore educational opportunities that have not been available to them in the past. We have several districts in our region that have implemented one-to-one laptop initiatives and the increased bandwidth through this project is allowing multiple users to access the internet at anytime without the delays they once experienced. The Wireless Wide Area Network enables us to provide better services to our districts, and they in turn, are better equipped to prepare their students for the 21st century”, added Mr. Goen.

The Region 15 Wide Area Network services contract is one of three major E-Rate subsidized telecommunications projects recently deployed by Conterra in rural Texas. A similar Conterra high-speed broadband network to service Region 14 ESC became operational in 2008 and a new broadband network for Region 10 ESC has recently commenced service. “Through our state-of-the-art broadband networks, Conterra will deliver high-quality, high-speed Ethernet broadband and Internet services to 125 Texas school districts at performance levels comparable to those enjoyed by schools in the state’s largest metropolitan areas,” commented Conterra’s President and Chief Operating Officer, Dennis Francis. “And, thanks to the federal E-rate program, which subsidizes a large portion of essential telecommunication services for underserved school districts, students and teachers in this part of rural Texas will not have to wait on funding from the government’s new Stimulus Package to take advantage of new videobased educational opportunities that are available right now through the Internet,” added Mr. Francis.

About Conterra Telecom Services
Conterra Telecom Services (“Conterra”), headquartered in Charlotte, NC, is a national provider of facilities-based broadband services for K-20, healthcare and government entities; wireless carriers and select enterprises that require bandwidth intensive, carrier-grade data, video and voice transport services primarily in underserved rural America markets. Conterra and its subsidiaries currently provide these services to over 1,000 K-12 schools, colleges, government and commercial sites throughout the United States, affording broadband services to over one million students, teachers, administrators and others.

Privately owned, Conterra was established by the founders and members of management of Vanguard Cellular Systems, Inc., which became one of the first and largest independent cellular companies in the United States. Started in 1982, Vanguard designed, built and operated its own point-to-point microwave transport systems to support wireless voice and data traffic within its mostly rural cellular networks throughout the country which are now part of AT&T Mobility. For more information about Conterra, visit www.conterra.com or call: 800-634-1374.