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FECI assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information.
FECI benefits from reduced operating costs and improved productivity of service agents who no longer have to give status updates over the phone.
FECI and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the merger.
Adolfo Henriques, Chairman, President and Chief Executive Officer of FECI, stated, "Our focus has always been about maximizing shareholder value.
In addition, FECI will provide Odyssey with up to $17 million for Odyssey's use in connection with EPIK, which FECI intends to treat as a transaction expense.
A copy of the presentation will be available in the Investor section of the FECI website.
Anestis, chairman and chief executive officer of FECI, commented: "We are committed to exiting the telecommunications business in the best way possible for our shareholders.