Mpower Announces Receipt of Final Regulatory Approval
July 31 2006 - 6:55PM
PR Newswire (US)
ROCHESTER, N.Y., July 31 /PRNewswire-FirstCall/ -- Mpower Holding
Corporation (AMEX:MPE), the parent company of Mpower Communications
Corp., a leading provider of data and voice services to retail and
wholesale business customers, today announced that the Federal
Communications Commission has approved the change in control of the
Company's domestic Section 214 authorization with respect to the
Company's proposed merger with U.S. TelePacific Holdings Corp. The
Company also announced that all of the telecommunications-related
regulatory approvals required for the closing of the merger
transaction have been obtained. The closing of the merger
transaction remains subject to other conditions, including the
approval of the Company's stockholders. Additional Information and
Where to Find It In connection with the proposed merger, the
Company has filed a definitive proxy statement with the Securities
and Exchange Commission (SEC). Investors and security holders are
advised to read the definitive proxy statement as it contains
important information. Investors and security holders may obtain a
free copy of the definitive proxy statement and other documents
filed by the Company at the SEC's web site at http://www.sec.gov/.
The definitive proxy statement and such other documents may also be
obtained for free from the Company by directing such request to the
Company, Attention: Russ Zuckerman, General Counsel, 175 Sully's
Trail, Suite 300, Pittsford, New York 14534 Telephone:
585-218-6567. The Company and its directors, executive officers and
other members of its management and employees may be deemed to be
participants in the solicitation of proxies from its shareholders
in connection with the proposed merger. Information concerning the
interests of the Company's participants in the solicitation is set
forth in the Company's proxy statements and Annual Reports on Form
10-K, previously filed with the SEC, and in the proxy statement
relating to the merger. About Mpower Holding Corporation Founded in
1996, Mpower Holding Corporation is the parent company of Mpower
Communications Corp., a leading facilities-based broadband
communications provider offering a full range of data, telephony,
Internet access and network services for retail business and
wholesale customers in California, Nevada and Illinois. Further
information about the company can be found at
http://www.mpowercom.com/. Forward-Looking Statements Under the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995, certain statements contained in this press release
regarding our and/or management's intentions, hopes, beliefs,
expectations or predictions of the future are forward-looking
statements. These forward- looking statements are not historical
facts and are only estimates or predictions. Actual results may
differ materially from those projected as a result of risks and
uncertainties detailed from time to time in our filings with the
SEC. We undertake no obligation to update publicly any forward-
looking statements, whether as a result of future events, new
information, or otherwise. DATASOURCE: Mpower Holding Corporation
CONTACT: Mpower Communications Investor Contact - Gregg Clevenger,
Chief Financial Officer, +1-585-218-6547, ; Mpower Communications
Media Contact - Michele Sadwick, Vice President, +1-585-218-6542,
Web site: http://www.mpowercom.com/
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