Exhibit 99.1

                                                   Citizens Communications
                                                   3 High Ridge Park
                                                   Stamford, CT  06905
                                                   203.614.5600
                                                   Web site: www.czn.com

Contact:
David Whitehouse
Senior Vice President  & Treasurer
203.614.5708
david.whitehouse@czn.com

        Citizens Communications Reports Solid 2008 First-Quarter Results

          * Data and internet services revenue up 24% year over year
          * 20,200 high speed internet  additions
          * Continued  strong operating income and cash flow margins
          * 2008 free cash flow  guidance  increased
          * First  quarter  dividend  payout ratio of 48%
          * Dish Network video customers exceed 100,000

Stamford,  Conn.,  May 5,  2008  --  Citizens  Communications  (NYSE:CZN)  today
reported  first  quarter 2008  revenue of $569.2  million,  operating  income of
$164.3 million, and net income of $45.6 million.

"Citizens Communications had solid financial and operating results for the first
quarter of 2008," said Maggie Wilderotter,  Chairman and CEO. "Our first quarter
performance  is a  direct  result  of  our  ongoing  primary  focus  on  keeping
customers, upgrading them to new products and services and putting new customers
on service. As a result of continued effective expense management we achieved an
operating  cash flow margin of 53.7%.  Adjusted to exclude  severance  and early
retirement  costs,  our  operating  cash flow margin  would have been 54.2%.  We
continue to build on our  successful  promotional  initiatives  to increase  the
penetration  of High-  Speed  Internet  and  other  bundled  product  offerings,
including the roll-out of our "Peace of Mind" product suite."

Revenue for the first quarter of 2008 was $569.2 million,  as compared to $556.1
million in the first  quarter of 2007,  a 2 percent  increase.  The 2008  period
includes  $62.0 million of additional  revenues in the aggregate  contributed by
the  operations of  Commonwealth  Telephone  Enterprises,  which was acquired on
March 8, 2007,  and Global  Valley  Networks,  which was acquired on October 31,
2007. The 2007 period includes the favorable  one-time impact to access revenues
of $38.7 million due to the settlement of a switched access  dispute.  Excluding
the additional  revenue due to the Commonwealth  and Global Valley  acquisitions
and the one-time favorable  settlement in the first quarter of 2007, revenue for
the first quarter of 2008 would have declined by $10.2 million, or 2 percent, as
compared to the first quarter of 2007. Our revenue declined as a result of lower
access lines, subsidy revenue and switched access revenue, partially offset by a
$12.7 million increase in data and internet services revenue.

<PAGE>


Other  operating  expenses and network access  expenses for the first quarter of
2008 were $263.8 million,  as compared to $240.7 million in the first quarter of
2007.  The increase of $23.1 million in 2008 as compared to the first quarter of
2007  is  primarily  the  result  of  $21.5   million  in  additional   expenses
attributable to the acquired  operations of Commonwealth and Global Valley.  The
purchases of Commonwealth and Global Valley have enabled the Company to leverage
its  centralized  back  office,  customer  service  and  administrative  support
functions over a larger customer base.

Depreciation and  amortization  expense for the first quarter of 2008 was $141.1
million,  as  compared  to $122.2  million in the first  quarter  of 2007,  a 15
percent  increase,  reflecting the impact of a larger asset base due to the 2007
acquisitions,  partially  offset by a  declining  net asset  base for our legacy
Citizens properties.

Operating  income for the first quarter of 2008 was $164.3 million and operating
income  margin was 28.9  percent,  as  compared  to  operating  income of $193.3
million and  operating  income  margin of 34.8  percent in the first  quarter of
2007.  The first  quarter 2008 decrease of $29.0 million is primarily the result
of the favorable  one-time impact of $38.7 million in revenue  recognized in the
first quarter of 2007 from the settlement of a switched access dispute.

Investment  and other  (loss)  income,  net  reflects  the premium  paid of $6.3
million to repurchase a portion of the Company's 9.25% Senior Notes due 2011.

The Company lost  approximately  43,100 access  lines,  of which 15 percent were
second  lines,  during  the first  quarter  of 2008 and had more than  2,387,100
access lines at March 31, 2008.

The Company added approximately  20,200 high-speed internet customers during the
first quarter of 2008 and had more than 543,000 high-speed internet customers at
March 31, 2008. The Company added approximately 7,800 video customers during the
first  quarter of 2008 and had more than  101,400  video  customers at March 31,
2008.

Capital expenditures were $48.0 million for the first quarter of 2008.

Free cash flow was $172.8  million for the first quarter of 2008.  The Company's
dividend  represents  a payout  of 48  percent  of free  cash flow for the first
quarter of 2008.

During the first quarter of 2008, the Company  repurchased  2,317,000  shares of
its common stock for $24.8 million. In addition,  during the first quarter,  the
Company  repurchased  $128.7 million  principal amount of its 9.25% Senior Notes
due 2011 for $135.0 million,  and also retired all of its  outstanding  interest
rate swap agreements.

The Company has increased its free cash flow estimate for 2008 to  approximately
$470.0 million to $495.0 million after  calculating  the impact,  preliminarily,
that the  "Economic  Stimulus Act of 2008" will have on its cash paid for income
taxes.

                                     -MORE-



<PAGE>


The  Company  uses  certain  non-GAAP   financial  measures  in  evaluating  its
performance.   These  include  free  cash  flow  and  operating   cash  flow.  A
reconciliation of the differences between free cash flow and operating cash flow
and  the  most  comparable   financial  measures  calculated  and  presented  in
accordance  with GAAP is  included  in the  tables  that  follow.  The  non-GAAP
financial measures are by definition not measures of financial performance under
GAAP and are not alternatives to operating income or net income reflected in the
statement of  operations  or to cash flow as reflected in the  statement of cash
flows and are not necessarily indicative of cash available to fund all cash flow
needs. The non-GAAP financial measures used by the Company may not be comparable
to similarly titled measures of other companies.

The  Company  believes  that the  presentation  of non-GAAP  financial  measures
provides  useful  information  to investors  regarding the  Company's  financial
condition  and  results  of  operations  because  these  measures,  when used in
conjunction  with related GAAP financial  measures,  (i) together provide a more
comprehensive view of the Company's core operations and ability to generate cash
flow, (ii) provide investors with the financial  analytical framework upon which
management bases financial, operational, compensation and planning decisions and
(iii) presents measurements that investors and rating agencies have indicated to
management  are  useful to them in  assessing  the  Company  and its  results of
operations.  Management  uses  these  non-GAAP  financial  measures  to plan and
measure  the  performance  of its core  operations,  and its  divisions  measure
performance and report to management based upon these measures. In addition, the
Company  believes  that free cash flow and  operating  cash flow, as the Company
defines them, can assist in comparing performance from period to period, without
taking into account  factors  affecting  cash flow reflected in the statement of
cash flows, including changes in working capital and the timing of purchases and
payments.  The Company has shown  adjustments to its financial  presentations to
exclude $38.7 million in access revenue for the favorable impact of the one-time
carrier  dispute  settlement in the first quarter of 2007,  and $2.9 million and
$0.2 million of severance  and early  retirement  costs in the first  quarter of
2008 and 2007, respectively,  because the Company believes that the magnitude of
such  revenues in the first  quarter of 2007 is  unusual,  and such costs in the
first  quarter of 2008  materially  exceeds  the  comparable  costs in the first
quarter of 2007.

Management uses these non-GAAP financial measures to (i) assist in analyzing the
Company's underlying financial  performance from period to period, (ii) evaluate
the  financial  performance  of its business  units,  (iii) analyze and evaluate
strategic and operational  decisions,  (iv) establish  criteria for compensation
decisions,  and (v) assist  management in understanding the Company's ability to
generate cash flow and, as a result,  to plan for future capital and operational
decisions. Management uses these non-GAAP financial measures in conjunction with
related  GAAP  financial  measures.  The  Company  believes  that  the  non-GAAP
financial measures are meaningful and useful for the reasons outlined above.


                                     -MORE-


<PAGE>


While the Company  utilizes  these non-GAAP  financial  measures in managing and
analyzing its business and  financial  condition and believes they are useful to
management  and to investors for the reasons  described  above,  these  non-GAAP
financial measures have certain shortcomings. In particular, free cash flow does
not represent the residual cash flow available for  discretionary  expenditures,
since  items  such  as  debt  repayments  and  dividends  are  not  deducted  in
determining  such  measure.  Operating  cash flow has  similar  shortcomings  as
interest, income taxes, capital expenditures,  debt repayments and dividends are
not  deducted  in  determining  this  measure.  Management  compensates  for the
shortcomings  of these  measures by  utilizing  them in  conjunction  with their
comparable GAAP financial measures. The information in this press release should
be read in conjunction with the financial  statements and footnotes contained in
our documents filed with the U.S. Securities and Exchange Commission.

About Citizens Communications
Citizens  Communications  Company  (NYSE:CZN)  operates  under the brand name of
Frontier and offers  telephone,  television  and internet  services in 24 states
with   approximately   5,800   employees.   More  information  is  available  at
www.czn.com, www.frontieronline.com and www.frontier.myway.com.

This press release contains forward-looking statements that are made pursuant to
the safe harbor  provisions of The Private  Securities  Litigation Reform Act of
1995.  These  statements  are  made  on the  basis  of  management's  views  and
assumptions  regarding  future  events and business  performance.  Words such as
"believe,"  "anticipate,"  "expect,"  and similar  expressions  are  intended to
identify forward-looking statements.  Forward-looking statements (including oral
representations)  involve risks and uncertainties  that may cause actual results
to differ  materially  from any  future  results,  performance  or  achievements
expressed or implied by such statements. These risks and uncertainties are based
on a number of factors,  including but not limited to:  reductions in the number
of our  access  lines  and  high-speed  internet  subscribers;  the  effects  of
competition from cable, wireless and other wireline carriers (through voice over
internet protocol (VOIP) or otherwise);  the effects of greater than anticipated
competition requiring new pricing, marketing strategies or new product offerings
and the risk that we will not  respond  on a timely  or  profitable  basis;  the
effects  of  general  and local  economic,  business,  industry  and  employment
conditions on our revenues;  our ability to effectively  manage service quality;
our ability to  successfully  introduce  new product  offerings,  including  our
ability to offer bundled  service  packages on terms that are both profitable to
us and  attractive  to our  customers;  our  ability to sell  enhanced  and data
services in order to offset  ongoing  declines in revenue  from local  services,
switched  access  services  and  subsidies;  changes in  accounting  policies or
practices adopted  voluntarily or as required by generally  accepted  accounting
principles or  regulators;  the effects of ongoing  changes in the regulation of
the  communications  industry as a result of federal and state  legislation  and
regulation,  including  potential changes in state rate of return limitations on
our  earnings,  access  charges and subsidy  payments,  and  regulatory  network
upgrade and  reliability  requirements;  our ability to  effectively  manage our
operations, operating expenses and capital expenditures, to pay dividends and to
reduce or refinance our debt;  adverse  changes in the credit  markets and/or in
the  ratings  given to our debt  securities  by  nationally  accredited  ratings
organizations,  which could limit or restrict the  availability  and/or increase
the cost of financing;  the effects of  bankruptcies  in the  telecommunications
industry,   which  could  result  in  potential   bad  debts;   the  effects  of
technological  changes and competition on our capital  expenditures  and product
and service offerings,  including the lack of assurance that our ongoing network
improvements  will be sufficient to meet or exceed the  capabilities and quality
of competing  networks;  the effects of increased  medical,  retiree and pension
expenses  and related  funding  requirements;  changes in income tax rates,  tax
laws,  regulations  or rulings,  and/or  federal or state tax  assessments;  the
effects of state regulatory cash management  policies on our ability to transfer
cash  among  our  subsidiaries  and  to  the  parent  company;  our  ability  to
successfully  renegotiate union contracts  expiring in 2008 and thereafter;  our
ability to pay a $1.00 per common share dividend annually, which may be affected
by our cash flow from operations,  amount of capital expenditures,  debt service
requirements, cash paid for income taxes (which will increase in the future) and
our  liquidity;  the effects of fully  utilizing our federal net operating  loss
carryforwards and alternative minimum tax (AMT) credit carryforwards,  that were
generated in prior years,  have  significantly  increased our cash taxes in 2007
and  will  continue  to do so in  2008  and  2009;  the  effects  of any  future
liabilities  or  compliance  costs in  connection  with worker health and safety
matters;  and the effects of any unfavorable  outcome with respect to any of our
current or future  legal,  governmental  or  regulatory  proceedings,  audits or
disputes. These and other uncertainties related to our business are described in
greater  detail in our filings  with the  Securities  and  Exchange  Commission,
including  our  reports  on Forms  10-K and 10-Q and the  foregoing  information
should be read in conjunction with these filings.  We do not intend to update or
revise these  forward-looking  statements  to reflect the  occurrence  of future
events or circumstances.

                                                        ###

TABLES TO FOLLOW

<PAGE>
<TABLE>
<CAPTION>

                         Citizens Communications Company
                         Consolidated Financial Data (1)



                                                                 For the quarter ended
                                                                        March 31,
                                                              ----------------------------        %
(Amounts in thousands, except per share amounts)                 2008            2007          Change
                                                              ------------------------------------------

Income Statement Data
<S>                                                              <C>             <C>       <C>      <C>
  Revenue                                                        $569,205        $556,147  (2)      2%
                                                              ------------    ------------

  Network access expenses                                          60,549          51,397          18%
  Other operating expenses                                        203,264         189,267           7%
  Depreciation and amortization                                   141,080         122,181          15%
                                                              ------------    ------------
  Total operating expenses                                        404,893         362,845          12%
                                                              ------------    ------------

  Operating income                                                164,312         193,302         -15%
  Investment and other (loss) income, net (3)                      (1,235)         10,017        -112%
  Interest expense                                                 90,860          93,964          -3%
                                                              ------------    ------------
  Income before income taxes                                       72,217         109,355         -34%
  Income tax expense                                               26,628          41,688         -36%
                                                              ------------    ------------
Net income attributable to common shareholders                   $ 45,589        $ 67,667         -33%
                                                              ============    ============

Weighted average shares outstanding                               326,173         326,542           0%

Basic net income per share attributable to
     common shareholders (4)                                     $   0.14        $   0.21  (2)    -33%

Other Financial Data
Capital expenditures                                             $ 47,986        $ 45,111           6%
Operating cash flow (5)                                           305,392         315,483          -3%
Free cash flow (5)                                                172,810         187,555          -8%
Dividends paid                                                     82,103          85,462          -4%
Dividend payout ratio (6)                                             48%             46%           4%
</TABLE>


(1)  On March 8, 2007,  we acquired  Commonwealth  Telephone  Enterprises,  Inc.
     (CTE) for approximately $1.1 billion,  and on October 31, 2007, we acquired
     Global  Valley  Networks,  Inc. and GVN Services  (together  GVN) for $62.0
     million,  and have included the historical  results of CTE and GVN from the
     dates of acquisition.
(2)  Includes  the  $38.7  million   favorable   impact  of  a  carrier  dispute
     settlement, representing $.07 per share.
(3)  Includes $6.3 million for premium on debt  repurchases and $4.0 million for
     bridge  loan  fee  for  the  quarters   ended  March  31,  2008  and  2007,
     respectively.
(4)  Calculated based on weighted average shares outstanding.
(5)  A  reconciliation  to the most  comparable GAAP measure is presented at the
     end of these tables.
(6)  Represents dividends paid divided by free cash flow.


                                       1
<PAGE>
<TABLE>
<CAPTION>



                         Citizens Communications Company
                  Consolidated Financial and Operating Data (1)



                                                             For the quarter ended
                                                                    March 31,
                                                          -----------------------------         %
(Amounts in thousands, except operating data)                 2008           2007            Change
                                                          ---------------------------------------------


Select Income Statement Data
Revenue
<S>                                                         <C>             <C>         <C>         <C>
     Local services                                         $  217,158      $  204,444  (2)         6%
     Data and internet services                                145,982         118,024  (2)        24%
     Access services                                           107,818         139,024  (3)       -22%
     Long distance services                                     46,453          40,428             15%
     Directory services                                         28,628          28,670              0%
     Other                                                      23,166          25,557             -9%
                                                          -------------  --------------
Total revenue                                                  569,205         556,147              2%
                                                          -------------  --------------

Expenses
     Network access expenses                                    60,549          51,397  (2)        18%
     Other operating expenses (4)                              203,264         189,267  (2)         7%
     Depreciation and amortization                             141,080         122,181             15%
                                                          -------------  --------------
Total operating expenses                                       404,893         362,845             12%
                                                          -------------  --------------

Operating Income                                            $  164,312      $  193,302            -15%
                                                          =============  ==============

Other Financial and Operating Data
     Employees                                                   5,828           6,355             -8%
     Access lines (5)                                        2,387,108       2,538,471             -6%
     High-speed internet (HSI) subscribers (5)                 543,020         464,056             17%
     Video subscribers                                         101,410          76,009             33%
     Switched access minutes of use (in millions)                2,602           2,528              3%
     Average monthly revenue per average
        access line                                         $    78.77      $    84.38  (6)        -7%

</TABLE>

(1)  On March 8, 2007,  we acquired  Commonwealth  Telephone  Enterprises,  Inc.
     (CTE) for approximately $1.1 billion,  and on October 31, 2007, we acquired
     Global  Valley  Networks,  Inc. and GVN Services  (together  GVN) for $62.0
     million,  and have included the historical  results of CTE and GVN from the
     dates of acquisition.
(2)  Reflects a  reclassification  of $1.6 million of revenue related to our CTE
     acquisition  from  local  services  to data and  internet  services.  Also,
     expenses reflect a reclassification  of $0.6 million of expenses related to
     our CTE  acquisition  from  other  operating  expenses  to  network  access
     expenses.
(3)  Includes  the  $38.7  million   favorable   impact  of  a  carrier  dispute
     settlement.
(4)  For the quarter ended March 31, 2008 and 2007, includes severance and early
     retirement costs of $2.9 million and $0.2 million, respectively.
(5)  Access lines and  high-speed  internet  subscribers as of December 31, 2007
     have  been  revised  by  1,500  to  2,430,177  and  by  1,000  to  522,845,
     respectively, arising from the GVN billing system conversion.
(6)  For the quarter ended March 31, 2007, the calculation  excludes CTE and GVN
     data and  includes the $38.7  million  favorable  one-time  impact from the
     settlement of a switched access  dispute.  The amount is $78.29 without the
     $38.7 million favorable one-time impact from the settlement.

                                       2
<PAGE>
<TABLE>
<CAPTION>

                         Citizens Communications Company
                  Condensed Consolidated Balance Sheet Data (1)

(Amounts in thousands)

                                                                          March 31, 2008          December 31, 2007
                                                                        --------------------      -------------------
                                      ASSETS
                                      ------
Current assets:
<S>                                                                             <C>                      <C>
    Cash and cash equivalents                                                   $   227,634              $   226,466
    Accounts receivable and other current assets                                    266,893                  297,688
                                                                        --------------------      -------------------
      Total current assets                                                          494,527                  524,154

Property, plant and equipment, net                                                3,288,135                3,335,244

Other long-term assets                                                            3,345,939                3,396,671
                                                                        --------------------      -------------------
           Total assets                                                         $ 7,128,601              $ 7,256,069
                                                                        ====================      ===================

                       LIABILITIES AND SHAREHOLDERS' EQUITY
                       ------------------------------------
Current liabilities:
    Long-term debt due within one year                                          $     3,814              $     2,448
    Accounts payable and other current liabilities                                  364,954                  443,443
                                                                        --------------------      -------------------
      Total current liabilities                                                     368,768                  445,891

Deferred income taxes and other liabilities                                       1,072,780                1,075,382
Long-term debt                                                                    4,747,265                4,736,897
Shareholders' equity                                                                939,788                  997,899
                                                                        --------------------      -------------------
           Total liabilities and shareholders' equity                           $ 7,128,601              $ 7,256,069
                                                                        ====================      ===================
</TABLE>

(1)  On March 8, 2007,  we acquired  Commonwealth  Telephone  Enterprises,  Inc.
     (CTE) for approximately $1.1 billion,  and on October 31, 2007, we acquired
     Global  Valley  Networks,  Inc. and GVN Services  (together  GVN) for $62.0
     million,  and have included the historical  results of CTE and GVN from the
     dates of acquisition.

                                       3
<PAGE>
<TABLE>
<CAPTION>

                    Citizens Communications Company
                     Consolidated Cash Flow Data (1)

                         (Amounts in thousands)

                                                                           For the three months ended March 31,
                                                                         -----------------------------------------
                                                                               2008                   2007
                                                                         -----------------     -------------------

Cash flows provided by (used in) operating activities:
<S>                                                                             <C>                   <C>
Net income                                                                      $  45,589             $    67,667
Adjustments to reconcile income to net cash provided
   by operating activities:
     Depreciation and amortization expense                                        141,080                 122,181
     Stock based compensation expense                                               3,019                   3,407
     Losses on extinguishment of debt                                               6,290                   4,026
     Other non-cash adjustments                                                    (1,413)                  2,982
     Deferred income taxes                                                           (282)                 23,614
     Change in accounts receivable                                                 19,057                  10,366
     Change in accounts payable and other liabilities                             (70,261)                (57,242)
     Change in other current assets                                                (1,568)                 (1,714)
                                                                         -----------------     -------------------
Net cash provided by operating activities                                         141,511                 175,287

Cash flows provided from (used by) investing activities:
     Capital expenditures                                                         (47,986)                (45,111)
     Cash paid for Commonwealth acquisition, net                                        -                (649,507)
     Other assets (purchased) distributions received, net                             654                     571
                                                                         -----------------     -------------------
Net cash used by investing activities                                             (47,332)               (694,047)

Cash flows provided from (used by) financing activities:

     Long-term debt borrowings                                                    135,000                 950,000
     Long-term debt payments                                                     (129,332)               (327,815)
     Settlement of interest rate swaps                                             15,521                       -
     Debt issuance costs                                                             (857)                (13,841)
     Premium paid to retire debt                                                   (6,290)                      -
     Issuance of common stock                                                         591                   5,119
     Dividends paid                                                               (82,103)                (85,462)
     Common stock repurchased                                                     (24,784)                (12,016)
     Repayment of customer advances for construction                                 (757)                   (602)
                                                                         -----------------     -------------------
Net cash (used by) provided from financing activities                             (93,011)                515,383

Increase (decrease) in cash and cash equivalents                                    1,168                  (3,377)
Cash and cash equivalents at January 1,                                           226,466               1,041,106
                                                                         -----------------     -------------------

Cash and cash equivalents at March 31,                                          $ 227,634             $ 1,037,729
                                                                         =================     ===================

Cash paid during the period for:
     Interest                                                                   $ 121,396             $    97,416
     Income taxes                                                               $   1,859             $     6,786
</TABLE>


(1)  On March 8, 2007,  we acquired  Commonwealth  Telephone  Enterprises,  Inc.
     (CTE) for approximately $1.1 billion,  and on October 31, 2007, we acquired
     Global  Valley  Networks,  Inc. and GVN Services  (together  GVN) for $62.0
     million,  and have included the historical  results of CTE and GVN from the
     dates of acquisition.


                                       4
<PAGE>
<TABLE>
<CAPTION>
                                                                                                  Schedule A

                Reconciliation of Non-GAAP Financial Measures (1)


                                                                   For the quarter ended March 31,
                                                                 -----------------------------------
    (Amounts in thousands)                                            2008              2007
                                                                -----------------  ----------------

    Net Income to Free Cash Flow;
    -----------------------------
       Net Cash Provided by Operating Activities
       -----------------------------------------

<S>                                                                    <C>               <C>
    Net income                                                         $  45,589         $  67,667

     Add back:

        Depreciation and amortization                                    141,080           122,181

        Income tax expense                                                26,628            41,688

        Stock based compensation                                           3,019             3,407

     Subtract:
        Cash paid for income taxes                                         1,859             6,786

        Other (loss) income, net (2)                                      (6,339)           (4,509)

        Capital expenditures                                              47,986            45,111

                                                                -----------------  ----------------
    Free cash flow                                                       172,810           187,555  (3)

     Add back:
        Deferred income taxes                                               (282)           23,614

        Non-cash (gains)/losses, net                                       7,896            10,415

        Other (loss) income, net (2)                                      (6,339)           (4,509)

        Cash paid for income taxes                                         1,859             6,786

        Capital expenditures                                              47,986            45,111

     Subtract:
        Changes in current assets and liabilities                         52,772            48,590

        Income tax expense                                                26,628            41,688

        Stock based compensation                                           3,019             3,407

                                                                -----------------  ----------------
    Net cash provided by operating activities                          $ 141,511         $ 175,287
                                                                =================  ================
</TABLE>

(1)  On March 8, 2007,  we acquired  Commonwealth  Telephone  Enterprises,  Inc.
     (CTE) for approximately $1.1 billion,  and on October 31, 2007, we acquired
     Global  Valley  Networks,  Inc. and GVN Services  (together  GVN) for $62.0
     million,  and have included the historical  results of CTE and GVN from the
     dates of acquisition.
(2)  Includes $6.3 million for premium on debt  repurchases and $4.0 million for
     bridge  loan  fee  for  the  quarters   ended  March  31,  2008  and  2007,
     respectively.
(3)  Includes  the  $38.7  million   favorable   impact  of  a  carrier  dispute
     settlement.


                                       5
<PAGE>
<TABLE>
<CAPTION>

                                                                                                            Schedule B

                Reconciliation of Non-GAAP Financial Measures (1)


                                      For the quarter ended March 31, 2008            For the quarter ended March 31, 2007
                                   ----------------------------------------  -------------------------------------------------------
 (Amounts in thousands)

                                                   Severance                                             Severance
 Operating Cash Flow and                           and Early                                Carrier      and Early
 -----------------------                As         Retirement       As           As         Dispute     Retirement          As
    Operating Cash Flow Margin       Reported        Costs       Adjusted     Reported      Settlement     Costs         Adjusted
    --------------------------     ------------- -------------------------- -------------------------------------------------------


<S>                                   <C>            <C>          <C>          <C>           <C>             <C>          <C>
 Operating Income                     $ 164,312      $ (2,891)    $ 167,203    $ 193,302     $ 38,700        $ (182)      $ 154,784

  Add back:
     Depreciation and amortization      141,080             -       141,080      122,181            -             -         122,181
                                   -------------  ------------ ------------- ------------  -----------  ------------   -------------

 Operating cash flow                  $ 305,392      $ (2,891)    $ 308,283    $ 315,483     $ 38,700        $ (182)      $ 276,965
                                   =============  ============ ============= ============  ===========  ============   =============


 Revenue                              $ 569,205                   $ 569,205    $ 556,147     $ 38,700                     $ 517,447
                                   =============               ============= ============  ===========                 =============

 Operating income margin
    (Operating income divided by
        revenue)                          28.9%                       29.4%        34.8%                                      29.9%
                                   =============               ============= ============                              =============

 Operating cash flow margin
    (Operating cash flow divided by
        revenue)                          53.7%                       54.2%        56.7%                                      53.5%
                                   =============               ============= ============                              =============

</TABLE>


(1)  On March 8, 2007,  we acquired  Commonwealth  Telephone  Enterprises,  Inc.
     (CTE) for approximately $1.1 billion,  and on October 31, 2007, we acquired
     Global  Valley  Networks,  Inc. and GVN Services  (together  GVN) for $62.0
     million,  and have included the historical  results of CTE and GVN from the
     dates of acquisition.

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