AGL Resources Completes Sale of AGL Networks Telecommunications Business

    


    
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<p><span class="xn-location">ATLANTA</span>, <span class="xn-chron">July 1</span> /CNW/ -- AGL Resources (NYSE: AGL) today completed the previously announced transaction to sell its AGL Networks dark-fiber telecommunications business to Colorado-based Zayo Group, LLC.</p>
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<p>"The sale of AGL Networks provided us an opportunity to monetize a non-core business at an attractive level and concentrate our focus on core operations consistent with our commitment to shareholders," said <span class="xn-person">Steve Cave</span>, vice president of finance for AGL Resources. "Proceeds from the sale are being used for debt reduction and will help fund strategic growth opportunities, particularly in our regulated natural gas business."</p>
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    About AGL Resources
    
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<p>AGL Resources (NYSE: AGL), an Atlanta-based energy services company, serves approximately 2.3 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout <span class="xn-location">North America</span>. As an 85-percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in <span class="xn-location">Georgia</span> under the <span class="xn-location">Georgia</span> Natural Gas brand. The company also owns and operates <span class="xn-person">Jefferson Island</span> Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit <a href="http://www.aglresources.com">www.aglresources.com</a>.</p>
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For further information: Financial, Steve Cave, Vice President, Finance, [phone], Cell: [phone], [email protected], Media, Alan Chapple, [phone], Cell: [phone], [email protected], both of AGL Resources Web Site: http://www.aglresources.com