Syniverse's board approves shareholder rights plan amendment; Shentel wraps acquisition of JetBroadband

> Syniverse's (NYSE: SVR) Board of Directors have approved and adopted an amendment to Syniverse's shareholder rights plan to accelerate the company's preferred share purchase rights. The measure, adopted November 2008, following a decline of Syniverse's stock price was put in place to ensure that its shareholders were treated fairly if the company became an acquisition target. Release

> Shenandoah Telecommunications (Shentel) (Nasdaq: SHEN) will now have more cable in its diet as the service provider has wrapped up its $148 million acquisition of JetBroadband Holdings' cable operations. Through this acquisition, Shentel will gain a cable network that currently passes about 115,000 homes and 66,000 Revenue Generating Units (RGUs). Shentel has set ambitious plans for this newly purchased cable network with plans to spend up to $33 million to upgrade it to offer not only more video options (HDTV, DVR), but also higher Internet speeds and of course voice services. Release

> Frontier's (NYSE: FTR) board of directors has declared a regular quarterly cash dividend payment of $0.1875 per share of common stock, payable on September 30, 2010 to holders of record of common stock at the close of business on September 9, 2010. This latest move follows the ILEC's intention on May 13, 2009 to create an annual divided dividend policy of $0.75 per annum, subject to applicable law and within the discretion of its Board of Directors, after it closed acquisition of Verizon's local wireline operations in 14 states on July 1, 2010. Release

> Robin Grey, senior VP and corporate treasurer for Level 3 Communications (Nasdaq: LVLT) will make an investor presentation at the Oppenheimer 2010 Annual Technology, Media & Telecommunications Conference in Boston on Wednesday, Aug. 11. The presentation, which will begin around 2:30 ET, will be able to be viewed via this webcast link and will then be archived and available approximately three hours after the conclusion of the live event and will remain available for 90 days through Nov. 9, 2010. Release

> Level 3 is not the only company presenting at the Oppenheimer Annual Communications, Technology, Media & Telecommunications Conference in Boston. They will be joined by Kurt Fawkes, senior vice president of Investor Relations, Qwest (NYSE: Q), which will be held on Wednesday, Aug. 11, 2010, is scheduled to begin at 9:10 a.m. EDT and will be webcast live. Release

> Alaska Communications Systems (ACS) (Nasdaq: ALSK) may not carry the same household name weight as AT&T and Verizon, but overall the Alaskan-based ILEC had a decent showing in the second financial quarter. During the quarter, ACS wireline EBITDA Increases by 3.2% to $15.3 million, while it signed a number of data contracts worth $5 million per year. Release

And finally ... A new story series in The Wall Street Journal investigates the creation of new companies that are designed to gather personal details about consumers from their interactions with the Internet. Story (sub. req.).

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