TORONTO, May 9, 2013 /CNW/ - Frontier Networks Inc., (Frontier) a leading Canadian provider of network communication solutions, announced today that it has acquired 1,576,600 common shares in Radiant Communications Inc. (the "Company"). The shares held represent approximately 10.42% of the common shares currently outstanding. These shares are held in 2104587 Ontario Inc.
According to Luigi Calabrese, President of Frontier, these shares have been acquired to support our previously announced transaction regarding Radiant Communications Inc. And we reserve the right to increase or decrease our holdings at any time.
About Frontier Networks Inc.
Frontier Networks Inc. provides broadband, voice, cloud servers and colocation to Canadian Retail and Multi Site customers who demand world-wide coverage from a 'new' network. Our management and operating team is loaded with industry specialists and our network is truly high-speed and adaptive to properly support the requirements of customers who wish to reduce costs substantially by combining their broadband and voice services onto one, lower cost, network.
We have the highest density of regional Points of Presence available and offer a 100% coverage policy. Simply put "we don't suck".
SOURCE: Frontier Networks Inc.
For further information:
Contact: Luigi Calabrese, 416-847-5243, firstname.lastname@example.org