Court Confirms Hawaiian Telcom Plan of Reorganization

HONOLULU, Nov 13, 2009 (BUSINESS WIRE) -- Hawaiian Telcom Communications, Inc.

("the Company"), today announced that the United States Bankruptcy Court for the District of Hawaii in Honolulu confirmed its Plan of Reorganization ("the Plan"). Hawaiian Telcom's confirmed Plan will reduce the Company's debt from $1.15 billion to $300 million, allowing for greater financial flexibility so that it can execute its business plan and better compete in the marketplace.

"We are extremely pleased with the Court's decision today and look forward to working through the regulatory process so our confirmed plan can become effective, and the Company can emerge from bankruptcy a stronger and more financially secure company better able to compete in the ever-changing communications industry," said Eric K. Yeaman, Hawaiian Telcom's president and chief executive officer.

Forward-Looking Statements In addition to historical information, this release includes certain statements and predictions that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statement, projection or estimate that includes or references the words "believes", "anticipates", "intends", "expects", or any similar expression falls within the safe harbor of forward-looking statements contained in the Reform Act. Actual results or outcomes may differ materially from those indicated or suggested by any such forward-looking statement for a variety of reasons, including, but not limited to, Hawaiian Telcom's ability to maintain its market position in communications services, including wireless, wireline and Internet services; general economic trends affecting the purchase or supply of communication services; world and national events that may affect the ability to provide services; changes in the regulatory environment; any rulings, orders or decrees that may be issued by any court or arbitrator; restrictions imposed under various credit facilities and debt instruments; work stoppages caused by labor disputes; adjustments resulting from year-end audit procedures; and Hawaiian Telcom's ability to develop and launch new products and services. More information on potential risks and uncertainties is available in filings with the Securities and Exchange Commission, including Hawaiian Telcom's annual report on Form 10-K for the fiscal year ended December 31, 2007.

About Hawaiian Telcom Hawaiian Telcom is the state's leading communications provider, offering a wide spectrum of telecommunications products and services, which include local and long distance service, managed services, high-speed Internet, and wireless services.

SOURCE: Hawaiian Telcom Communications, Inc.

CONTACT: Hawaiian Telcom Brian Tanner, 808-546-3442 Copyright Business Wire 2009 -0- KEYWORD: United States

North America

Hawaii INDUSTRY KEYWORD: Technology

Internet

Telecommunications