Dominion Telecom closes on purchase of long-haul, metro fiber networks from Telergy

April 12, 2002--Dominion Telecom Inc., provider of facilities-based broadband services, announced that on April 10 it closed on the purchase of the upstate New York long-haul and metro-fiber network facilities of Telergy Inc., a Syracuse, NY-based telecommunications provider in liquidation.

Dominion Telecom Inc., provider of facilities-based broadband services, announced that on April 10 it closed on the purchase of the upstate New York long-haul and metro-fiber network facilities of Telergy Inc., a Syracuse, NY-based telecommunications provider in liquidation. Dominion Telecom's $7.4-million bid was accepted by the U.S. Bankruptcy Court for the Northern District of New York at Utica on March 25.

Dominion Telecom previously had purchased facilities from Telergy. Over the past two years, it had purchased long-haul fiber between Buffalo, Syracuse, Alban,y and New York City as well as metro-ring facilities in upstate New York.

"Dominion Telecom has acquired a strong set of metro and long-haul assets, which has deepened our network in areas where we already have customers," asserts Gregg Kamper, senior vice president and general manager. "This acquisition positions us well for a potential opportunity to gain entree into Canada with long-haul conduit and fiber facilities that link Albany with Montreal and to gain new private-line customers previously served by Telergy."

Dominion Telecom (Richmond, VA) is a facilities-based, inter-exchange and emerging local carrier that provides broadband solutions to wholesale customers throughout the eastern United States. The company is expanding its fiber-optic network from its current 346,000 fiber miles (6,500 route miles) to more than 400,000 fiber miles (16,000 route miles) by the end of 2003. For more information, visit Dominion Telecom's Web site at www.dominiontel.com.


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