[July 13, 2017]

SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Hawaiian Telcom Holdco, Inc. and Encourages Investors to Contact the Firm for Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Hawaiian Telcom Holdco, Inc. ("Hawaiian Telcom" or the "Company") (Nasdaq: HCOM) relating to the proposed buyout of Hawaiian Telcom by Cincinnati Bell (News - Alert) Inc.

Under the terms of the agreement, shareholders of Hawaiian Telcom will have the option to elect either $30.75 in cash, 1.6305 shares of Cincinnati Bell common stock, or a mix of $18.45 in cash and 0.6522 shares of Cincinnati Bell common stock for each share of Hawaiian Telcom common stock held.

The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shreholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.

If you currently own common stock of Hawaiian Telcom and believe that the proposed buyout price is too low, and you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170713005970/en/

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