Maui Business

Hawaiian Telcom Begins Public Trading

January 3, 2011, 1:18 PM HST
* Updated January 3, 1:43 PM
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By Sonia Isotov

Hawaiian Telcom Holdco, Inc. announced last week that its common stock began trading publicly under the ticker symbol HWLT.

Upon approval of the Company’s pending application to list on the NASDAQ Stock Market, the Company’s common stock is expected to trade under the ticker symbol “HCOM.”

For now, the Company’s common stock is available for purchase on the “Pink Sheets” via market makers under the symbol “HWLT” (sometimes listed as “HWLT.PK”).

“Becoming a public company is an important next step in Hawaiian Telcom’s transformation into a stronger, more competitive company for the benefit of our customers and shareholders,” said President and CEO Eric K. Yeaman.

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Registration of the Company’s common stock with the Securities and Exchange Commission and trading of the Company’s common stock marks significant milestones for the Company in implementing its Plan of Reorganization and positioning itself for future growth.

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Hawaiian Telcom has selected BNY Mellon to serve as the transfer agent for its common stock.

With roots going back to 1883, Hawaiian Telcom Holdco, Inc., headquartered in Honolulu, is a key provider of voice, Internet, data, wireless, and advanced communication and network services in the state; employing more than 1,400 workers.

In 2005, The Carlyle Group, had purchased Verizon Hawaii, Inc., known previously at GTE Hawaiian Telephone Company, Inc. and Hawaiian Telephone Company.

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