Exhibit 99.1


                                                        Frontier Communications
                                                        3 High Ridge Park
                                                        Stamford, CT 06905
                                                        203.614.5600
                                                        www.frontieronline.com
Contact:
David Whitehouse
Senior Vice President & Treasurer
203.614.5708
david.whitehouse@frontiercorp.com
---------------------------------

        Frontier Communications Reports Solid 2008 Third-Quarter Results

               *    Year-to-date operating cash flow margin of 54%
               *    Year-to-date dividend payout ratio of 63%
               *    Continued strong operating income and cash flow margins
               *    12,600 net High-Speed Internet additions
               *    Data and internet services revenue up 10% year over year
               *    2008 free cash flow estimate increased

Stamford,  Conn., November 10, 2008 -- Frontier Communications  (NYSE:FTR) today
reported  third-quarter  2008  revenue of $557.9  million,  operating  income of
$164.2 million and net income of $47.0 million.

"We are very  pleased  with our  results  for the third  quarter of 2008,"  said
Maggie  Wilderotter,   Frontier  Communications  Chairman  and  CEO.  "Amidst  a
challenging macro-economic backdrop, Frontier's firm commitment to our customers
translated into solid revenue, cash flow and High-Speed Internet additions, with
stable  residential  churn metrics.  Our 54.2 percent operating cash flow margin
remains at a  best-in-class  level.  With a solid  balance  sheet and  liquidity
position,  including  minimal  debt  maturities  until  2011,  Frontier  is well
positioned  to push  forward  aggressively  on our  mission  to be the leader in
providing communications services to the customers in our markets."

Revenue  for the third  quarter of 2008 was $557.9  million  compared  to $575.8
million in the third quarter of 2007, a 3 percent decrease.  Revenue declined as
a result of lower local services  revenue,  subsidy  revenue and switched access
revenue, partially offset by a 10 percent increase in data and internet services
revenue. Despite the decline in access lines, our customer revenue, which is all
revenue except switched access and subsidy, has declined by less than 1 percent.
The monthly customer revenue per access line has increased  approximately $3.75,
or 6%, over the prior year's third  quarter  while the monthly total revenue per
access line has increased $2.87, or 4%, over the same period, as the Company has
continued to  successfully  sell  additional  products and  services,  partially
offset by reductions in regulatory revenue.

Operating  income for the third quarter of 2008 was $164.2 million and operating
income margin was 29.4 percent  compared to operating  income of $165.9  million
and operating  income  margin of 28.8 percent in the third quarter of 2007.  The
third  quarter  2008  decrease of $1.7  million is  primarily  the result of the
reduction in revenue, partially offset by lower expenses.


<PAGE>

The Company lost  approximately  44,300 access lines, of which 9,200 were second
lines,  during  the third  quarter  of 2008 and had  2,296,400  access  lines at
September 30, 2008.

The Company added approximately  12,600 net High-Speed Internet customers during
the third  quarter of 2008 and had  571,900  High-Speed  Internet  customers  at
September 30, 2008. The Company added approximately 4,800 video customers during
the third quarter of 2008 and had 112,300 video customers at September 30, 2008.

Capital expenditures were $80.5 million for the third quarter of 2008 and $204.2
million for the first nine months of 2008.

Free cash flow was  $114.7  million  for the third  quarter  of 2008 and  $384.1
million for the first nine months of 2008. The Company's  dividend  represents a
payout of 63 percent of free cash flow for the first nine months of 2008.

During the third quarter of 2008, the Company  repurchased  7,067,000  shares of
its common stock for $83.5  million.  Through the first nine months of 2008, the
Company  repurchased  17,450,000  shares of its common stock for $196.2 million,
representing  98 percent of the $200.0  million share  repurchase  program.  The
Company  completed its $200.0 million  authorized  share  repurchase  program on
October 3, 2008.

The  Company's  capital  expenditures  estimate  for 2008 is  reduced to between
$295.0  million and $305.0  million and its free cash flow estimate is increased
to between $480.0 million and $500.0 million.

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


                                     -MORE-

<PAGE>

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 nine months of 2007,  $3.6 million and
$13.9 million of severance and early  retirement  costs in the first nine months
of 2008 and 2007, respectively,  and $0.2 million and $12.1 million of severance
and early retirement costs in the third quarter of 2008 and 2007,  respectively,
because the Company  believes  that the  magnitude of such revenues in the first
nine  months of 2007 is unusual,  and such costs in the third  quarter and first
nine months of 2007 materially exceeds the comparable costs in the third quarter
and first nine months of 2008.

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.

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.


                                     -MORE-


<PAGE>


About Frontier Communications
Frontier  Communications  Corporation  (NYSE:FTR)  offers  telephone,  video and
internet  services  in  24  states  with  approximately  5,800  employees.  More
information is available at www.frontieronline.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 changes in both general and local economic  conditions on the markets
we serve,  which can  impact  demand for our  products  and  services,  customer
purchasing  decisions,  collectability of revenue and required levels of capital
expenditures  related to new  construction  of residences  and  businesses;  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; further declines in the value of our pension plan assets, which
could require us to make  contributions to the pension plan in 2009; 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 the remainder of 2008 and in 2009; 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 2009) and our
liquidity;  the effects of significantly  increased cash taxes in 2008 and 2009;
the effects of any  unfavorable  outcome  with  respect to any of our current or
future legal,  governmental or regulatory  proceedings,  audits or disputes; and
the possible  impact of adverse  changes in political or other external  factors
over which we have no control,  including  hurricanes and other severe  weather.
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>

                       Frontier Communications Corporation
                         Consolidated Financial Data (1)





                                                     For the quarter ended                 For the nine months ended
                                                         September 30,                          September 30,
                                                   --------------------------    %      --------------------------------      %
(Amounts in thousands, except per share amounts)      2008          2007       Change       2008              2007          Change
                                                   -----------------------------------  --------------------------------------------

Income Statement Data
<S>                                                  <C>            <C>           <C>    <C>               <C>          <C>    <C>
  Revenue                                            $557,871       $575,814      -3%     $1,689,626        $ 1,710,787  (2)   -1%
                                                   -----------   ------------           -------------    ---------------

  Network access expenses                              52,478         56,566      -7%        167,025            161,641         3%
  Other operating expenses                            203,496        215,266      -5%        609,093            617,921        -1%
  Depreciation and amortization                       137,656        138,057       0%        422,986            400,700         6%
                                                   -----------   ------------           -------------    ---------------
  Total operating expenses                            393,630        409,889      -4%      1,199,104          1,180,262         2%
                                                   -----------   ------------           -------------    ---------------

  Operating income                                    164,241        165,925      -1%        490,522            530,525        -8%
  Investment and other income, net (3)                  1,302          7,172     -82%          6,460             10,672       -39%
  Interest expense                                     90,333         95,158      -5%        271,903            287,771        -6%
                                                   -----------   ------------           -------------    ---------------
  Income before income taxes                           75,210         77,939      -4%        225,079            253,426       -11%
  Income tax expense                                   28,215         30,524      -8%         76,717             97,785       -22%
                                                   -----------   ------------           -------------    ---------------
Net income attributable to common shareholders       $ 46,995       $ 47,415      -1%     $  148,362        $   155,641        -5%
                                                   ===========   ============           =============    ===============

Weighted average shares outstanding                   312,997        334,128      -6%        319,869            332,397        -4%

Basic net income per share attributable to
     common shareholders (4)                         $   0.15       $   0.14       7%     $     0.46        $      0.47  (2)   -2%

Other Financial Data
Capital expenditures                                 $ 80,476       $ 90,872     -11%     $  204,199        $   202,641         1%
Operating cash flow (5)                               302,124        316,080      -4%        917,106            906,399         1%
Free cash flow (5)                                    114,693        119,768      -4%        384,118            423,618        -9%
Dividends paid                                         78,278         83,243      -6%        240,602            254,084        -5%
Dividend payout ratio (6)                                 68%            70%      -3%            63%                60%         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.
(2)  Includes  the  $38.7  million   favorable   impact  of  a  carrier  dispute
     settlement, representing $.07 per share.
(3)  Includes  premium on debt repurchases of $6.3 million and $18.2 million for
     the nine months ended September 30, 2008 and 2007, respectively, and $4.0
     million for bridge loan fee for the nine months ended September 30, 2007.
(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>
                       Frontier Communications Corporation
                  Consolidated Financial and Operating Data (1)

                                                   For the quarter ended                        For the nine months ended
                                                       September 30,                                   September 30,
                                                 ----------------------------       %        ------------------------------     %
(Amounts in thousands, except operating data)       2008            2007         Change          2008            2007        Change
                                                 -----------------------------------------   ---------------------------------------
Select Income Statement Data
Revenue
<S>                                                  <C>            <C>       <C>    <C>       <C>             <C>        <C>   <C>
     Local services                                $  210,749     $  224,978  (2)   -6%      $  642,610      $   655,785  (2)  -2%
     Data and internet services                       154,047        140,205  (2)   10%         451,684          396,472  (2)  14%
     Access services                                   99,555        113,127       -12%         308,376          365,580  (3) -16%
     Long distance services                            46,395         47,732        -3%         139,760          135,213        3%
     Directory services                                28,126         28,342        -1%          85,824           85,676        0%
     Other                                             18,999         21,430       -11%          61,372           72,061      -15%
                                                 -------------  -------------              -------------   --------------
Total revenue                                         557,871        575,814        -3%       1,689,626        1,710,787       -1%
                                                 -------------  -------------              -------------   --------------

Expenses
     Network access expenses                           52,478         56,566        -7%         167,025          161,641  (2)   3%
     Other operating expenses (4)                     203,496        215,266        -5%         609,093          617,921  (2)  -1%
     Depreciation and amortization                    137,656        138,057         0%         422,986          400,700        6%
                                                 -------------  -------------              -------------   --------------
Total operating expenses                              393,630        409,889        -4%       1,199,104        1,180,262        2%
                                                 -------------  -------------              -------------   --------------

Operating Income                                   $  164,241     $  165,925        -1%      $  490,522      $   530,525       -8%
                                                 =============  =============              =============   ==============

Other Financial and Operating Data
Revenue:
        Residential                                $  238,684     $  247,890        -4%      $  719,679      $   718,218        0%
        Business                                      219,632        214,797         2%         661,571          626,989        6%
                                                 -------------  -------------              -------------   --------------
               Total customer revenue                 458,316        462,687        -1%       1,381,250        1,345,207        3%
        Regulatory (Access services)                   99,555        113,127       -12%         308,376          365,580      -16%
                                                 -------------  -------------              -------------   --------------
Total revenue                                      $  557,871     $  575,814        -3%      $1,689,626      $ 1,710,787       -1%
                                                 -------------  -------------              -------------   --------------
Access lines:
        Residential                                 1,484,809      1,617,916        -8%       1,484,809        1,617,916       -8%
        Business (5)                                  811,651        842,666        -4%         811,651          842,666       -4%
                                                 -------------  -------------              -------------   --------------
Total access lines (5)                              2,296,460      2,460,582        -7%       2,296,460        2,460,582       -7%
                                                 -------------  -------------              -------------   --------------
Other data:
     Employees                                          5,790          6,077        -5%           5,790            6,077       -5%
     High-Speed Internet (HSI) subscribers            571,946        497,241        15%         571,946          497,241       15%
     Video subscribers                                112,350         86,446        30%         112,350           86,446       30%
     Switched access minutes of use (in millions)       2,522          2,711        -7%           7,663            7,987       -4%
     Average monthly total revenue per
        access line                                $    80.20     $    77.33         4%      $    82.85  (7) $     79.30  (6)   4%
     Average monthly customer revenue per
        access line                                $    65.89     $    62.14         6%      $    68.44  (7) $     64.47  (7)   6%
</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 $6.3 million and $14.1  million of revenue
     related to our CTE  acquisition  from local  services to data and  internet
     services  for the  quarter  and  nine  months  ended  September  30,  2007,
     respectively.  Also, expenses reflect a reclassification of $2.4 million of
     expenses  related to our CTE acquisition  from other operating  expenses to
     network access expenses for the nine months ended September 30, 2007.
(3)  Includes  the  $38.7  million   favorable   impact  of  a  carrier  dispute
     settlement.
(4)  Includes  severance  and early  retirement  costs of $0.2 million and $12.1
     million for the quarter ended September 30, 2008 and 2007,  respectively,
     and $3.6 million and $13.9 million for the nine months ended  September 30,
     2008 and 2007, respectively.
(5)  Access lines as of September 30, 2007 and  thereafter  have been revised by
     1,035,  from 2,461,617 to 2,460,582 as of September 30, 2007,  arising from
     the CTE billing system conversion.
(6)  For the nine months ended September 30, 2007, the calculation  excludes CTE
     and GVN data and excludes the $38.7 million favorable  one-time impact from
     the first quarter 2007 settlement of a switched access dispute.  The amount
     is  $81.37  with the  $38.7  million  favorable  one-time  impact  from the
     settlement.
(7)  For the nine months ended  September  30, 2008 and 2007,  the  calculations
     exclude CTE and GVN data.

                                       2


<PAGE>
<TABLE>
<CAPTION>

                       Frontier Communications Corporation
                  Condensed Consolidated Balance Sheet Data (1)

(Amounts in thousands)

                                                                         September 30, 2008        December 31, 2007
                                                                        --------------------      -------------------
                                      ASSETS
                                      ------
Current assets:
<S>                                                                             <C>                      <C>
    Cash and cash equivalents                                                   $    91,086              $   226,466
    Accounts receivable and other current assets                                    278,713                  297,688
                                                                        --------------------      -------------------
      Total current assets                                                          369,799                  524,154

Property, plant and equipment, net                                                3,250,897                3,335,244

Other long-term assets                                                            3,260,030                3,396,671
                                                                        --------------------      -------------------
           Total assets                                                         $ 6,880,726              $ 7,256,069
                                                                        ====================      ===================

                       LIABILITIES AND SHAREHOLDERS' EQUITY
                       ------------------------------------
Current liabilities:
    Long-term debt due within one year                                          $     3,842              $     2,448
    Accounts payable and other current liabilities                                  353,425                  443,443
                                                                        --------------------      -------------------
      Total current liabilities                                                     357,267                  445,891

Deferred income taxes and other liabilities                                       1,058,650                1,075,382
Long-term debt                                                                    4,745,161                4,736,897
Shareholders' equity                                                                719,648                  997,899
                                                                        --------------------      -------------------
           Total liabilities and shareholders' equity                           $ 6,880,726              $ 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>

                       Frontier Communications Corporation
                         Consolidated Cash Flow Data (1)

                             (Amounts in thousands)
                                                                          For the nine months ended September 30,
                                                                         -----------------------------------------
                                                                               2008                   2007
                                                                         -----------------     -------------------

Cash flows provided by (used in) operating activities:
<S>                                                                             <C>                    <C>
Net income                                                                      $ 148,362              $  155,641
Adjustments to reconcile income to net cash provided
   by operating activities:
     Depreciation and amortization expense                                        422,986                 400,700
     Stock based compensation expense                                               9,211                   7,809
     Loss on extinguishment of debt                                                 6,290                  20,186
     Other non-cash adjustments                                                    (7,112)                 12,605
     Deferred income taxes                                                        (11,040)                 54,124
     Legal settlement                                                                   -                  (7,905)
     Change in accounts receivable                                                  9,299                  (5,581)
     Change in accounts payable and other liabilities                             (74,059)                (81,493)
     Change in other current assets                                                (6,847)                 (2,822)
                                                                         -----------------     -------------------
Net cash provided by operating activities                                         497,090                 553,264

Cash flows provided from (used by) investing activities:
     Capital expenditures                                                        (204,199)               (202,641)
     Cash paid for Commonwealth acquisition (net of cash acquired)                      -                (661,081)
     Other assets (purchased) distributions received, net                          (2,104)                  4,401
                                                                         -----------------     -------------------
Net cash used by investing activities                                            (206,303)               (859,321)

Cash flows provided from (used by) financing activities:
     Long-term debt borrowings                                                    135,000                 950,000
     Long-term debt payments                                                     (131,231)               (945,466)
     Settlement of interest rate swaps                                             15,521                       -
     Financing costs paid                                                            (857)                (15,753)
     Premium paid to retire debt                                                   (6,290)                (16,160)
     Issuance of common stock                                                       1,382                  13,349
     Common stock repurchased                                                    (196,199)               (219,111)
     Dividends paid                                                              (240,602)               (254,084)
     Repayment of customer advances for construction                               (2,891)                   (386)
                                                                         -----------------     -------------------
Net cash used by financing activities                                            (426,167)               (487,611)

Decrease in cash and cash equivalents                                            (135,380)               (793,668)
Cash and cash equivalents at January 1,                                           226,466               1,041,106
                                                                         -----------------     -------------------

Cash and cash equivalents at September 30,                                      $  91,086              $  247,438
                                                                         =================     ===================

Cash paid during the period for:
     Interest                                                                   $ 302,606              $  295,463
     Income taxes                                                               $  70,174              $   53,670
</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 September 30,    For the nine months ended September 30,
                                                    -----------------------------------    ---------------------------------------
    (Amounts in thousands)                                2008              2007                2008                 2007
                                                    -----------------  ----------------    ----------------  ---------------------

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

<S>                                                        <C>               <C>                 <C>                 <C>
    Net income                                             $  46,995         $  47,415           $ 148,362           $ 155,641

     Add back:
        Depreciation and amortization                        137,656           138,057             422,986             400,700

        Income tax expense                                    28,215            30,524              76,717              97,785

        Stock based compensation                               3,047             2,364               9,211               7,809

     Subtract:
        Cash paid for income taxes                            20,589             6,244              70,174              53,670

        Other income (loss), net (2)                             155             1,476              (1,215)            (17,994)

        Capital expenditures                                  80,476            90,872             204,199             202,641
                                                    -----------------  ----------------    ----------------  ------------------
    Free cash flow                                           114,693           119,768             384,118             423,618  (3)

     Add back:
        Deferred income taxes                                 (2,044)           25,548             (11,040)             54,124

        Non-cash (gains)/losses, net                           3,238            10,209               8,389              40,600

        Other income (loss), net (2)                             155             1,476              (1,215)            (17,994)

        Cash paid for income taxes                            20,589             6,244              70,174              53,670

        Capital expenditures                                  80,476            90,872             204,199             202,641

     Subtract:
        Changes in current assets and liabilities             27,610            37,521              71,607              97,801

        Income tax expense                                    28,215            30,524              76,717              97,785

        Stock based compensation                               3,047             2,364               9,211               7,809
                                                    -----------------  ----------------    ----------------  ------------------
    Net cash provided by operating activities              $ 158,235         $ 183,708           $ 497,090           $ 553,264
                                                    =================  ================    ================  ==================

</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  premium on debt repurchases of $6.3 million and $18.2 million for
     the nine months ended  September 30, 2008 and 2007,  respectively,  and
     $4.0  million for bridge loan fee for the nine months ended  September  30,
     2007.
(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 September 30, 2008     For the quarter ended September 30, 2007
                                    ------------------------------------------  ------------------------------------------
 (Amounts in thousands)
                                                  Severance                                 Severance
 Operating Cash Flow and                           and Early                                 and Early
 -----------------------              As          Retirement       As            As         Retirement       As
    Operating Cash Flow Margin     Reported         Costs       Adjusted      Reported        Costs       Adjusted
    --------------------------  --------------  --------------------------  ------------  -----------  --------------


<S>                                <C>              <C>         <C>           <C>            <C>            <C>
 Operating Income                  $  164,241       $   (227)   $  164,468    $  165,925     $(12,098)      $178,023

  Add back:
     Depreciation and
       amortization                   137,656              -       137,656       138,057            -        138,057
                                 -------------   ------------ -------------  ------------  -----------  -------------

 Operating cash flow               $  301,897       $   (227)   $  302,124    $  303,982     $(12,098)      $316,080
                                 =============   ============ =============  ============  ===========  =============


 Revenue                           $  557,871                   $  557,871    $  575,814                    $575,814
                                 =============                =============  ============               =============

 Operating income margin
    (Operating income
      divided by revenue)               29.4%                        29.5%         28.8%                       30.9%
                                 =============                =============  ============               =============

 Operating cash flow margin
    (Operating cash flow
      divided by revenue)               54.1%                        54.2%         52.8%                       54.9%
                                 =============                =============  ============               =============



                                          For the nine months ended                       For the nine months ended
                                             September 30, 2008                               September 30, 2007
                                 ------------------------------------------  -------------------------------------------------------


                                                  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
    --------------------------  --------------  --------------------------  -------------------------------------------------------


 Operating Income                  $  490,522       $ (3,598)   $  494,120    $  530,525     $ 38,700      $ (13,874)    $  505,699

  Add back:
     Depreciation and
       amortization                   422,986              -       422,986       400,700            -              -        400,700
                                 -------------   ------------ -------------  ------------  -----------  -------------  -------------

 Operating cash flow               $  913,508       $ (3,598)   $  917,106    $  931,225     $ 38,700      $ (13,874)    $  906,399
                                 =============   ============ =============  ============  ===========  =============  =============


 Revenue                           $1,689,626                   $1,689,626    $1,710,787     $ 38,700                    $1,672,087
                                 =============                =============  ============  ===========                 =============

 Operating income margin
    (Operating income
       divided by revenue)              29.0%                        29.2%         31.0%                                      30.2%
                                 =============                =============  ============                              =============

 Operating cash flow margin
    (Operating cash flow
       divided by revenue)              54.1%                        54.3%         54.4%                                      54.2%
                                 =============                =============  ============                              =============

</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.


                                       6