Primus Telecom (OTC.BB: PMUG): Shareholders Approve Arbinet Aquisition

Primus Telecommunications Group, Incorporated (OTC.BB:PMUG), a global facilities-based integrated provider of advanced telecommunications products and services, announced the results of its special meeting of stockholders held earlier today. Primus' stockholders voted to approve the issuance of shares of Primus common stock in connection with the company's proposed acquisition of Arbinet and pursuant to the merger agreement with Arbinet. Primus' stockholders also approved the Primus Telecommunications Group, Incorporated Management Compensation Plan, as Amended. Approximately 67.73% of the shares of Primus common stock issued and outstanding as of the close of business on Wednesday, January 12, 2011, the record date for the special meeting, were present in person or by proxy at the special meeting. Of the shares present at Primus' special meeting, approximately 99.95% were voted in favor of the issuance of shares of Primus common stock in connection with the proposed acquisition of Arbinet.

Primus' completion of the acquisition of Arbinet is subject to the satisfaction of all other closing conditions in the merger agreement, including, but not limited to, the approval and adoption of the merger agreement by Arbinet's stockholders. Primus continues to expect that the transaction will be completed on February 28, 2011.

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