SOURCE: Centennial Communications Corp.

October 31, 2006 08:30 ET

Centennial Communications Launches Integrated Telephony Service in Puerto Rico; Aptus Service Provides Flexibility and Control for Enterprise Customers

WALL, NJ -- (MARKET WIRE) -- October 31, 2006 -- Centennial Communications Corp. (NASDAQ: CYCL) ("Centennial") today announced the launch of its Aptus(SM) service suite in Puerto Rico, an integrated broadband telephony offering serving enterprise and commercial customers on the island. The launch builds on Centennial's strong collection of assets in this market, including a 1,300 route-mile fiber backbone connected to 1,800 buildings, an upgraded wireless network with Evolution Data Optimized (EV-DO) functionality and recently deployed soft-switch infrastructure.

The Company's Aptus(SM) service is a converged offering, allowing business customers to manage all voice communications needs through a single, integrated Voice over Internet Protocol (VoIP) platform. The solution integrates easily with the customer's existing telecommunications infrastructure and requires limited additional investment. These new features bring an unprecedented degree of control to Centennial's business customers, allowing them to efficiently access and administer their telecommunications network from anywhere in the world. The Aptus(SM) feature set includes: Auto Attendant, Remote Office, Selective Acceptance, Sequential Ring and Simultaneous Ring. As an example of the service's flexibility and customization, Simultaneous Ring allows customers to program multiple telephone numbers (office telephone, wireless device, home telephone) to ring at the same time when any of these numbers are called.

"We're pleased to expand our comprehensive set of bandwidth and networking solutions for commercial customers with the launch of our Aptus service suite," said Michael J. Small, Centennial's chief executive officer. "We have an unparalleled terrestrial and undersea fiber network in Puerto Rico, which supports a superior competitive position. We've also realigned our sales and support organizations to serve business customers in a unified way, and the launch of this service is another important step that puts enterprises in control of their networks."

"The Aptus service suite represents a significant product portfolio expansion for Centennial, allowing our business customers to more easily manage their communications infrastructure so that they can focus on growing their business," said Alvaro Pilar, Senior Vice President of Centennial Business Solutions. "Supported by a well-trained sales and customer care organization, this new service reinforces our leadership with the business community on the island. We're launching a world-class service that demonstrates our ability to bring comprehensive solutions to sophisticated customers."

The Company has already signed several agreements with commercial customers for the Aptus(SM) service, including Empresas Pitusa, a leading diversified retailer in Puerto Rico with over 500 business lines and 150 retail locations. An interactive demonstration of the service offering is available at www.aptus.pr.

ABOUT CENTENNIAL

Centennial Communications (NASDAQ: CYCL), based in Wall, NJ, is a leading provider of regional wireless and integrated communications services in the United States and the Caribbean with approximately 1.4 million wireless subscribers and 371,500 access lines and equivalents. The U.S. business owns and operates wireless networks in the Midwest and Southeast covering parts of six states. Centennial's Caribbean business owns and operates wireless networks in Puerto Rico, the Dominican Republic and the U.S. Virgin Islands and provides facilities-based integrated voice, data and Internet solutions. Welsh, Carson, Anderson & Stowe and an affiliate of the Blackstone Group are controlling shareholders of Centennial. For more information regarding Centennial, please visit our websites http://www.centennialwireless.com/, http://www.centennialpr.com/ and http://www.centennialrd.com/.

SAFE HARBOR PROVISION

Cautionary statement for purposes of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this release that involves Centennial's expectations, beliefs, hopes, plans, projections, estimates, intentions or strategies regarding the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include, but are not limited to: the effects of vigorous competition in our markets, which may make it difficult for us to attract and retain customers and to grow our customer base and revenue and which may increase churn, which could reduce our revenue and increase our costs; the fact that many of our competitors are larger than we are, have greater financial resources than we do, are less leveraged than we are, have more extensive coverage areas than we do, and may offer less expensive and more technologically advanced products and services than we do; changes and developments in technology, including our ability to upgrade our networks to remain competitive and our ability to anticipate and react to frequent and significant technological changes which may render certain technologies used by us obsolete; our substantial debt obligations, including restrictive covenants, which place limitations on how we conduct business; our ability to attract subscribers in our newly launched markets in Grand Rapids and Lansing, Michigan; market prices for the products and services we offer may continue to decline in the future; the effect of changes in the level of support provided to us by the Universal Service Fund; the effects of consolidation in the telecommunications industry; general economic, business, political and social conditions in the areas in which we operate, including the effects of world events, terrorism, hurricanes, tornadoes, wind storms and other natural disasters; our access to the latest technology handsets in a timeframe and at a cost similar to our competitors; the effect on our business of wireless local number portability, which allows customers to keep their wireless phone numbers when switching between service providers; our ability to successfully deploy and deliver wireless data services to our customers, including next generation 3G technology; our ability to generate cash and the availability and cost of additional capital to fund our operations and our significant planned capital expenditures, including the need to refinance or amend existing indebtedness; our dependence on roaming agreements for a significant portion of our wireless revenue and the expected decline in roaming revenue over the long term; our dependence on roaming agreements for our ability to offer our wireless customers competitively priced regional and nationwide rate plans that include areas for which we do not own wireless licenses; our ability to attract and retain qualified personnel; the effects of governmental regulation of the telecommunications industry; fluctuations in currency values related to our Dominican Republic operations; our ability to acquire, and the cost of acquiring, additional spectrum in our markets to support growth and advanced technologies; our ability to manage, implement and monitor billing and operational support systems; the results of litigation filed or which may be filed against us, including litigation relating to wireless billing, using wireless telephones while operating an automobile or possible health effects of radio frequency transmission; the relative liquidity and corresponding volatility of our common stock and our ability to raise future equity capital; and the control of us retained by our majority stockholders and anti-takeover provisions and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon information available to Centennial as of the date of the release, and we assume no obligation to update or revise any such forward-looking statements.

Contact Information

  • For investor and media inquiries please contact:
    Steve E. Kunszabo
    Director, Investor Relations
    732-556-2220