INNOVATE Corp (VATE)

[Penny Roger$]

Primus Telecommunications Group, Incorporated (Primus) is an integrated facilities-based communications services provider offering a portfolio of international and domestic voice, wireless, Internet, voice over Internet protocol (VoIP), data, colocation and data center services to customers located primarily in the Australia, Canada, the United States and Brazil. It classifies the services into three categories: Growth Services, Traditional Services and International Carrier Services. The Company’s segments include Australia, Canada, International Carrier Services, United States, Europe and Brazil. The Company’s growth services include data center services (colocation and managed services); Internet, including business and residential broadband services; residential and business VoIP services. On February 28, 2011, the Company acquired Arbinet Corporation.

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