For Immediate Release

Chicago, IL – November 11, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AT&T Inc (T), Centennial Communications Corp (CYCL), Verizon (VZ), JA Solar Holdings Co. Ltd. (JASO) and AutoNation (AN).

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Here are highlights from Tuesday’s Analyst Blog:

AT&T Completes CYCL Acquisition

AT&T Inc (T) has reportedly completed its much anticipated acquisition of Centennial Communications Corp (CYCL), the eighth largest US wireless carrier by subscribers. This follows the recent approvals of the transaction by the US Department of Justice and US

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AT&T Inc (T) has reportedly completed its much anticipated acquisition of Centennial Communications Corp (CYCL), the eighth largest US wireless carrier by subscribers. This follows the recent approvals of the transaction by the US Department of Justice and US telecom regulator Federal Communications Commission (“FCC"). The transaction, which was originally set to complete in second-quarter 2009, is now officially closed.  As per the agreement terms, shareholders of Centennial will receive $8.50 in cash for every share they own, equating to approximately $944 million. Including net debt, the aggregate value of the deal is $2.7 billion. AT&T will take appropriate steps to redeem all of Centennial’s outstanding debts. AT&T expects minimal dilution to earnings and cash flow in 2009 given the upfront integration costs.  The acquisition has expanded AT&T’s wireless coverage to include the rural areas of the Midwest and Southeast regions of the US as ...

Belo Corp announced an offering of between $250-275 million of senior notes due in 2016. The notes were issued under a shelf registration filed with the Securities and Exchange Commission (SEC) in September 2009, authorizing up to $600 million in debt.

Belo Corp said that prior to the deal closing, which is expected at the end of November 2009, the company must obtain a waiver from its lenders on its leverage and interest coverage covenants. The company had total debt of $1.042 billion, as of September 30, 2009. Belo Corp plans to use the funds to reduce the amount outstanding on its credit facility.

Belo Corp reported a net loss per share in the third quarter of 2009 of $150 million, due mostly to a non-cash impairment charge. The charge was due to a reduction in the fair value of Belo Corp’s FCC licenses.

Belo Corp (BLC) owns 20 television

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For Immediate Release

Chicago, IL – November 3, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CIT Group Inc. (CIT), Dean Foods (DF), Frontier Communications (FTR), Verizon Communications (VZ) and Time Warner Cable (TWC).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s AnalystBlog:

CIT Group Files Chapter 11

CIT Group Inc. (CIT) has filed for Chapter 11 protection on Sunday. The company struggled for months to avoid collapse since the recession elicited billions of dollars in loan losses, and the financial crisis made it incapable of funding itself from

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Frontier Communications (FTR), a leading telecom operator in rural and suburban areas in the US, has reportedly received approvals from the Public Utilities Commissions of the states of California and Neveda and Public Service Commission of South Carolina for its impending acquisition of the rural fixed-line business of Verizon Communications (VZ). Moreover, the acquisition was recently approved by the shareholders of Frontier. The transaction is now subject to approval by the Federal Communications Commission (FCC) and other closing conditions and is expected to close during the second quarter of 2010. Verizon is divesting its rural fixed-line business (involving approximately 4.8 million access lines) in 14 states to Frontier under an agreement valued at approximately $8.6 billion. Under the deal terms, Verizon’s shareholders will receive approximately $5.25 billion in common stock of Frontier, equating to around 68% stake in the company. Moreover, Verizon will also ...

The US telecom regulator Federal Communications Commission (“FCC") has reportedly voted unanimously for the implementation of the so-called “Net Neutrality" regulation, which is aimed at preventing Internet Service Providers (ISPs) and cable companies from blocking or restricting access to legal web site contents and applications. If enacted, the open Internet rule, which is presently applicable to wireline networks, will be extended to wireless.

All five FCC commissioners (including the FCC chairman Julius Genachowski), represented by three democrats and two republicans voted in favor of the proposed new rule, which will now invite public comments, a process which is expected to continue till Jan 14, 2010. This will be followed by the review of the public feedback by the FCC with a final rule is expected not before March 2010. However, the republicans remain skeptical about the proposed rule.

The net neutrality regulation, which consists of a set of proposals, represents the first

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AT&T Inc’s (T) much anticipated acquisition of regional wireless and wireline service provider Centennial Communications Corp (CYCL), has progressed a step further as the US wireless giant has reportedly received a conditional approval of the US Department of Justice (“DOJ").  The acquisition is now subject to the approval of the US telecom regulator Federal Communications Commission. The US antitrust approval is based on fulfillment of specific conditions which requires AT&T to divest certain Centennial assets in eight markets across Louisiana (central and southern) and southwestern Mississippi .  This is due to the fact that the acquisition may potentially hurt consumer interest in these regions. As part of this requirement, AT&T has already committed to sell wireless assets in five of the eight markets to its rival operator Verizon (VZ) for $240 million. AT&T announced its acquisition of Centennial for approximately $2.8 billion (including net debt) ...

Regional telecom operator Centennial Communications (CYCL) reported results for the first quarter of fiscal year 2010 with earnings per share (EPS) of 17 cents exceeding the Zacks Consensus Estimate of 15 cents and the year-ago EPS of 7 cents. The company reported net income of $19.5 million for the quarter compared to $7.5 million reported in the year-ago quarter driven by 8% year over year decline in operating expenses. Consolidated adjusted operating income increased 6% year over year to $107.2 million.  Revenue for the quarter, however, dipped 2% year over year to $258.9 million which reflects signs of slowdown across its US and Puerto Rican wireless operations, partly offset by growth in the Puerto Rican broadband business. Service revenue accounted for 95% of the consolidated sales with equipment representing the rest.    Centennial exited the quarter with 1,078,200 total mobile subscribers (overall retail penetration ...

Alcatel-Lucent (ALU) announced that it has reached a crucial milestone in the development of its next-generation wireless broadband solution following validity certification from the U.S. Federal Communications Commission (FCC). The company became the first vendor to have FCC-certified next-generation base stations available, a key requirement for selling in the U.S. market. To meet the needs of service providers in the U.S., Alcatel-Lucent has developed a high-performance compact base station designed to help operators launch services quickly to take advantage of their recent investments in digital spectrum bands. Alcatel-Lucent’s solution complies with the latest 3GPP standards and incorporates innovations from Alcatel-Lucent Bell Labs such as Self-Organizing and Self-Optimizing (SON) capabilities that enable seamless introduction of services and ensure optimization of resources. Based in Paris, Alcatel-Lucent is a diversified global manufacturer of telecom equipment with over 77,000 employees in 130 countries worldwide. Alcatel-Lucent leverages the technical and scientific ...

ERF Wireless, a leading provider of enterprise-class wireless broadband products and services, announced Friday that the company obtained FCC approval for 90 WiMAX 3.65-GHz transmission locations. These locations will provide broadband coverage for strategic domestic oil and natural gas development and production areas. These areas were targeted by ERF Wireless to enhance their technology, development, and growth within this sector. Specifically, this new technology is poised to make broadband services available to almost 30,000 square miles of additional energy exploration and production geography.

Mr. Mike Jones, CTO of ERF Wireless, stated, “We are excited about this deployment of WiMAX technology. It supports economical delivery of broadband services to business and industry in geographical areas that have been underserved. Since its introduction, the cost to deploy WiMAX has decreased rapidly while its capabilities have dramatically improved. We will rapidly expand this capability in the near term and will continue to

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