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Warburg Pincus Added as Equity Shareholder in Integra Telecom

PORTLAND, Ore. - Dec. 6, 2007 - Integra Telecom Inc., a leading provider of voice, data and Internet communications to business and carrier customers, has closed its transaction with Warburg Pincus to make the global private equity firm its largest shareholder. The proceeds from this transaction will be paid to certain existing Integra investors in exchange for outstanding shares. Integra Telecom will continue to operate as a privately held company and will not raise any primary equity in this transaction.

"We are pleased to welcome Warburg Pincus as a shareholder," said Dudley R. Slater, CEO of Integra Telecom Inc. "Warburg’s investment in Integra highlights the effectiveness of our business model and provides a platform to create value through further growth and continued focus on our customers."

On Aug. 31, Integra completed the acquisition of Minneapolis-based Eschelon Telecom Inc., making Integra the largest, most profitable CLEC in the Western United States.

"Integra Telecom has a longstanding reputation for operating a strategic business model that focuses on the customers they serve," said Jim Neary, a managing director of Warburg Pincus. "We look forward to going into 2008 with the experience and expertise necessary to provide the best business telecommunication products available in the Western United States."

Other major Integra Telecom shareholders include Banc of America Capital Investors and Boston Ventures.

About Integra Telecom - Integra Telecom Inc. provides voice, data and Internet communications to thousands of business and carrier customers in 11 Western states, including: Arizona, California, Colorado, Idaho, Minnesota, Montana, Nevada, North Dakota, Oregon, Utah and Washington. The company owns and operates a best-in-class fiber-optic network comprised of eight metropolitan access networks, a nationally acclaimed tier one Internet and data network and a 4,700-mile high-speed long haul network. The company enjoys some of the highest customer loyalty and customer satisfaction ratings in the telecommunications industry. Primary equity investors in the company include Warburg Pincus, Boston Ventures and Banc of America Capital Investors. Integra Telecom and Electric Lightwave are registered trademarks of Integra Telecom Inc. For more information, visit www.integratelecom.com.

About Warburg Pincus - Warburg Pincus has been a leading private equity investor since 1971. The firm currently has more than $20 billion of assets under management. Since inception, Warburg Pincus has invested more than $27 billion in more than 585 companies in 30 countries and across a range of sectors, including healthcare, consumer and retail, industrial, financial services, energy, real estate and technology, media and telecommunications. Warburg Pincus also has a long history as a leading investor in the information and communication technology sectors, including investments in Avaya, BEA Systems, Bharti Tele-Ventures, Cassatt, Harbour Networks, NeuStar, Telcordia and VERITAS Software. The firm is an experienced partner to entrepreneurs seeking to create and build durable companies with sustainable value. For more information, visit www.warburgpincus.com.

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