In The News

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.

Conterra® President Dennis Francis Recognized by Six Texas Universities for Engineering Achievements

Charlotte, North Carolina—April 16, 2009:
Conterra Telecom Services’ President, Chief Operating and Technology Officer, Dennis B. Francis, P.E., has been recognized by six Texas universities for his achievements and dedication to the field of Industrial Engineering with the first Life Time Achievement Award for Industrial Engineering jointly given by these institutions. The six Texas universities that presented this award to Mr. Francis are The University of Texas at Arlington, Texas A&M University, Texas Tech University, The University of Houston, The University of Texas at El Paso, and Lamar University. Mr. Francis earned a Bachelor of Science degree in Industrial Engineering from The University of Texas at Arlington, Texas (UTA) where he was President of the Industrial Engineering Honors Society, Alpha Pi Mu. He has also completed several graduate level executive programs including MIT’s Center for Information Systems Research Program, the Georgetown University Strategic Business Leadership Program and the University of Texas at Dallas Executive Professional Coaching Program.

Mr. Francis’ professional career accomplishments include more than 27 years of telecommunications experience with a focus on technology, operations, business and strategy. He has worked for several Fortune 500 companies as well as small, start‐up business and technology firms, and has received several high level federal government advisory appointments. Mr. Francis served on the Executive Committee of President Bush’s Advisory Council on National Telecommunications Security and is a past Chairman of the Cellular Telephone Industry Association’s CTO Council. He has been a licensed professional engineer since 1989. “As a long‐time business colleague and friend, I am delighted to see Dennis receive such well earned recognition for his many accomplishments in advancing this country’s wired and wireless telecommunications infrastructure and capabilities, particularly in underserved rural communities,” commented Conterra’s Chairman and Chief Executive Officer, Stephen Leeolou. “ It is also fitting that this first‐of‐its‐kind award was given by institutions of higher learning in the state of Texas, where Dennis’ telecommunications career began and where our company today provides important services to rural school districts and other critical public service organizations in some very remote areas of such a geographically vast state, ” added Mr. Leeolou. Mr. Francis currently oversees all of the day‐to‐day engineering, operations, sales and marketing of Conterra Telecom Services.

About Conterra Telecom Services
Conterra Telecom Services, headquartered in Charlotte, NC, is a national provider of facilities‐based broadband services for schools, wireless carriers and select enterprises that require bandwidth intensive, carrier‐grade data, video and voice transport services primarily in outer suburban and rural markets. 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 cellular networks throughout the country which are now part of AT&T Wireless. For more information about Conterra, visit www.conterra.com or call: 7049361800.
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Conterra Contact Information:
Jason Adkins, Conterra SVP, Sales & Marketing
704. 365. 6701 or jadkins@conterra.com

Texas Students Receive Access to Rural Broadband Services

Bridging the Digital Divide: High-Speed Internet Access to Become a Reality

Charlotte, NC March 4, 2009– Conterra Telecom Services , a national broadband services company specializing in rural areas, has been awarded a seven year contract to provide high-quality, high-speed wireless wide area network services to the Wireless Internet Consortium, lead by Texas Region 10 Educational Service Center (ESC) for 38 member school districts. The Ethernet-based microwave radio network will upgrade service currently provided by the Consortium’s current low bandwidth network to a state-of-the art Ethernet based, wide area broadband network connecting its member districts to Region 10’s administration building located in Richardson. The telecommunication services provided by Conterra are supported 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 will be 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.

“Broadband Internet service has not been available to many school districts throughout Region 10’s service area, says Gary Bowers, Assistant Director Telecommunications,” So we formed a consortium that will provide each school district 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 telecommunications contracts recently awarded to Conterra in Texas. A similar Conterra high-speed broadband network project in Region 14 ESC became operational last summer, and a new broadband network services contract for Region 15 ESC has recently been awarded to the company. When these broadband networks are completed, Conterra will bring high-quality, high-speed, Ethernet-based 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. “The real convergence that serves rural school districts’ needs best is when new technology and appropriate funding sources combine to overcome the realties of distance and demographics in providing equal learning opportunities to all American school children,” commented Conterra’s President, Dennis Francis. “We are proud to be part of such a worthwhile, long-term project as the one in Texas’ Region 10 school district consortium,” he added.

About Conterra Telecom Services
Conterra Telecom Services, headquartered in Charlotte, NC, is a national provider of facilities-based broadband services for schools, wireless carriers and select enterprises that require bandwidth intensive, carrier-grade data, video and voice transport services primarily in outer suburban and rural markets. Conterra and its subsidiaries currently provide these services to over 1,000 K-12 schools and colleges throughout the United States, affording state-of-the-art broadband services to hundreds of thousands of students, teachers and administrators.

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.