Exhibit 99.2

Company Presentation

February 2013

Exhibit 99.2

Use of Non-GAAP Financial Measures

Included in this presentation are certain non-GAAP financial measures that are not determined in accordance with US generally

accepted accounting principles. These financial performance measures are not indicative of cash provided or used by operating

activities and exclude the effects of certain operating, capital

and financing costs and may differ from comparable information

provided by other companies, and they should not be considered in isolation, as an alternative to, or more meaningful than measures

of financial performance determined in accordance with US generally accepted accounting principles. These financial performance

measures are commonly used in the industry and are presented because Lumos Networks Corp. believes they provide relevant and

useful information to investors. The Company utilizes these financial performance measures to assess its ability to meet future

capital expenditure and working capital requirements, to incur indebtedness if necessary, and to fund continued growth. Lumos

Networks Corp. uses these financial performance measures to evaluate the performance of its business, for budget planning

purposes and as factors in its employee compensation programs. Included in this presentation are unaudited product group revenue

slides that reflect management’s view of product revenues as they will be measured in 2013. The

associated 2012 revenues are an

unaudited reclassification of 2012 revenues that were prepared to allow the user to perform trending analyses on a go forward basis.

Special Note Regarding Forward-Looking Statements

Any statements contained in this presentation that are not statements of historical fact, including statements about our beliefs

and

expectations, are forward-looking statements and should be evaluated as such. The words “anticipates,”

“believes,”

“expects,”

“intends,”

“plans,”

“estimates,”

“targets,”

“projects,”

“should,”

“may,”

“will”

and similar words and expressions are intended to

identify forward-looking statements. Such forward-looking statements reflect, among other things, our current expectations, plans and

strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may

cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks

are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue

reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We

do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future

events or otherwise. Important factors with respect to any such forward-looking statements, including certain risks and uncertainties

that could cause actual results to differ from those contained in the forward-looking statements, include, but are not limited to: rapid

development and intense competition in the telecommunications industry; our ability to achieve benefits from our separation from

NTELOS Holdings Corp; our ability to offset expected revenue declines in our Competitive business from legacy voice products and

our RLEC business related to the recent regulatory developments and carriers grooming their networks; adverse economic conditions;

operating and financial restrictions imposed by our senior credit facility; our cash and capital requirements; declining prices for our

services; the potential to experience a high rate of customer turnover; federal and state regulatory fees, requirements and

developments; our reliance on certain suppliers and vendors; and

other unforeseen difficulties that may occur. These risks and

uncertainties are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in

conjunction with the more detailed cautionary statements and risk factors included in our SEC filings, including our Annual Reports

filed on Forms 10-K.

Value creation for our customers enhances value

for our shareholders.

Lumos Networks provides next-

generation communication solutions

and personalized service to customers

over an advanced fiber network

Diversified revenue stream served over a dense fiber network

Key Events

•

Oct. 31, 2011 –

Spin from NTELOS

•

2012 New leadership team

•

4Q12 YoY Overall Revenue Growth

•

Strategic Data > 52% of revenue

•

2nd Quarter of Margin Expansion

Customers and Markets

•

1,500 Major business customers

•

Relationships with all major carriers

Products

•

Enterprise

Data

–

Metro

Internet

•

Carrier Data -

up to 10Gig+

•

IP Services –

Fiber BXL, Video, VoIP

Network

•

5,800 Long Haul Fiber Network miles

•

370 FTTC (“Fiber to the Cell”)

installations

•

Interconnection to all major data

centers in region

People

•

Diversified and experienced

leadership team

•

400 sales and support personnel

deployed across the region

•

Deep technical expertise

•

Industry leading customer care

Highlights

Strong Management

Team

Experienced leadership team

Diverse operational background: Telecom, Wireless and

Technology

Attractive Revenue

Growth Opportunity

Significant growth available in existing markets

Edge out potential with unique network footprint

Margin Expansion

Increasing mix of high margin Strategic Data products

Leverage existing infrastructure

Efficient Capital

Management

Investments focused on Strategic Data initiatives

Balanced Revenue Mix Enterprise and Carrier

Disciplined success based capital approach

Delight Customers

Top Tier SLA standards

In Market support teams

Executive Management with Deep Industry Experience

Tim Biltz

Chief Executive Officer/Joined April 2012

20+ years of operating experience as Chairman of iPCS, COO of

Spectrasite, COO of Vanguard Cellular Systems

Harold Covert

Chief Financial Officer/October 2011

30+ years of experience with technology and telecommunications

companies as CFO of six publicly traded companies

Joe McCourt

Chief Revenue Officer/May 2012

25+ years of experience in wholesale and enterprise sales in TW

Telecom, Level 3, Dukenet, Zayo Networks, and 1901 Group

Joti Balanti

Vice President of Marketing/January 2013

15+ years experience at AT&T Business Services, AboveNet, most

recently as Director of Cloud Services at Zayo

Craig Drinkhall

Diego Anderson

Vice President Product Mgmt and Engineering/February 2012

20+ years experience as Senior VP of Product Delivery and Emerging

Opportunities at Level 3 Communications, Adelphia and TelCove

Vice President of Operations/October 2011

20+ years of operational and technical experience with Sprint,

NTELOS and Lumos

70% of internet access will come from

mobile devices

Increase in networked devices 2013-

2016

Enabling rapid growth in rich media

Access to cloud services

Exponential Growth in Data and Devices…

Applications and devices generating

constant streams of data

Enterprises capturing and processing

data :

Customers

Products

Transactions

Operations

Digitization of records

Increasing use of:

Cloud and data center storage

Back-up file protection and

security

Source:

Industry reports, Wall Street Research

Big Data

Proliferation of Networked Devices

“90% of the world’s data has been created

in the last 2 years”

Source: Mark Hurd, Oracle Open World 2012.

($bn)

600

500

400

300

200

100

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Smartphone

Tablet

Global Consumer Electronic Consumption

Source: Cisco VNI June 2012

Business IP traffic to grow 2.5-fold from

2011 to 2016 or CAGR of 20%

Mix of Business Data from mobile devices

increases from 4% to 19%

Enterprise Cloud Spending grows 12.5X from

2011 to 2016 with 35-45% telecom

Source:

Oppenheimer & Co Estimates

Source: Cisco VNI June 2012

20,000

15,000

10,000

5,000

2011

2012

2013

2014

2015

2011

2012

2013

2014

2015

2016

Business and IP Traffic

Mobile % Business Traffic

100%

80%

60%

40%

20%

…Driving Demand for Connectivity and Speed

U.S. Business IP Traffic

More Cloud, More Mobility

Next-generation network solutions

Enterprise Data

•

Ethernet connectivity among multiple locations

•

Dedicated Internet connections

•

Speeds of 1.5M to 10 Gbps

IP Services

•

IP-enabled products that combines voice and data services

•

Enables advanced features and dynamic bandwidth

•

Broadband XL high speed Internet over fiber over for 100M+

Carrier Data

•

IP-based Ethernet transport

•

Fiber connectivity to cell sites to support 4G growth

•

High-bandwidth transport (OC-X and wavelengths)

Enterprise Data enables networking and addresses

future growth needs

Attractive Available Markets

Ethernet represents a disproportionate

share of the overall telecom growth with

overall growth 3-4% and TDM flat to

declining

Enterprise Ethernet Demand growth

45%+ annually

Ethernet market has 50% at speeds of

100Mbps or below

Fastest growth segment of Ethernet is

100Mbps+ with 24% looking for speeds

at 1Gig +

Edge Out

Markets

Current

2012

Future

Current Share ~ 10%

Source: Heavy Reading Study 2012, Oracle Openworld

Customer Demand Drives Growth

Education Customer

Started with several data

circuits -

$11K monthly

recurring charge (“MRC”)

Expanded into IP based

services –

Bandwidth to

data centers + IP voice

MRC now $29K for $100K

capital investment

Regional Healthcare

Provider

Several small locations

with leased voice access -

$2K MRC

Today 37 locations, most

are on-net

Buying voice and Metro E

MRC of $57K with a

$1.0M capital investment

Transport opportunity greatly enhanced with edge

out opportunities like Atlanta interconnection

Carrier Today

Provide transport across region

Responded to RFP for cell sites

across region

Sites coming on line now

New RFP for next wave of sites…..

1/3 as second tenant

New Opportunity with Atlanta

interconnection

Diversity to I-95 national carrier

routes

High speed connections –

10Gig +

Expands overall market for

carriers

Attractive Available Markets

2012

Future

Edge Out

Opportunity

Current

Markets

Fiber to the cell site: End-to-End Transport opportunity

Approximately 5,000 sites within 10 miles of existing network

Goal is reach 1,000 FTTC sites within a few years from 370 at YE12 and 148 at YE11 --

key

driver is expansion of 4G/LTE roll out

Long-term growth in bandwidth creates opportunity for significant ROI

Average

Capital

Investment

$75K-$100K

per site

Two Carrier Equivalent

Annual EBITDA:

$30K to $36K

Payback:

2 to 3 years

Three to Five

Carrier Equivalent

Annual EBITDA:

$45K to $90K

Payback:

1 to 2 years

Contracts of 5 to 10 years and multiple carriers per site drive

long-term profitable revenue streams

Illustrative Wireless Cell Site Economics

Fiber to the Cell (“FTTC”) Growth Well Ahead of Plan

Maintain target of 1,000 FTTC sites within a few years

Committed to maintaining 80/20 On-Net ratio within this segment

Strategy to maximize FTTC footprint in market during 2012-2015 to

capture exponential growth in broadband traffic

100

200

300

400

500

600

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

2013E

FTTC Installations

FTTC Sites

Positive On-Net Building Trends

On-Net Lit Building Expansion Critical To Strategic Data Sales and reaching

goal of 80% On-Net

Edge-Out Strategy to Drive Continued Growth

200

400

600

800

1,000

1,200

1,400

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

On-Net Buildings

On-Net Bldgs

Legacy Voice Revenue in Decline

Requires Very Limited Continued Investment

Cash Flows Assist Funding of growth initiatives within Strategic

Data

RLEC voice continuing moderate decline with strong cash generation

Legacy Competitive Voice focus is shift to larger and higher margin customers, “gracefully”

allow weaker accounts to churn off

($000)

Note: Revenue presented as reclassified, unaudited

5.0%

5.5%

6.0%

6.5%

7.0%

1,000

2,000

3,000

4,000

5,000

6,000

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

RLEC Voice

RLEC voice

RLEC Line Loss

Competitive Voice

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

11.0%

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

CLEC Voice

Line Loss

Access Revenue: Managed Decline

RLEC Access Reform Continues:

Lower rates, long term transition funding continues to provide strong cash generation

Competitive Access:

Continuing moderate declines with good cash generation

($000)

Note: Revenue presented as reclassified, unaudited

1,000

2,000

3,000

4,000

5,000

6,000

7,000

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

RLEC Access

500

1,000

1,500

2,000

2,500

3,000

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

Competitive Access

Well positioned for the competitive environment

Network Capability

•

Dense fiber with available or expandable capacity

•

Most complete fiber network in our markets

•

High quality ring based network

Customer

Relationship

•

Strategic partnership

•

Care and sales support in region

•

Technical support expertise and responsiveness

Products

•

First to bring products to addressed markets

•

Top Tier SLAs

•

Competitive pricing

2011

2012

45%

37%

18%

53%

31%

16%

Legacy Voice

Access

Strategic Data

Business Transformation

Accelerated Shift of Resources towards Strategic Data

Strategic Data Revenue Mix Improves EBITDA Margins

Enhanced sales organization

Improve Mix of On-Net Revenue from 70% to 80%

Keeping Costs Relatively Flat in 2013 vs 2012

> 75%

Long Term Target

Legacy Voice

Access

Strategic Data

Income Statement: Moving in the Right Direction

Quarterly Revenue

EBITDA

4Q12: Continued Strong Momentum

Strategic Data 55% of Total Revenue

EBITDA Margin up Sequentially for Second Straight Quarter

% Margin

Data -

% Rev

Note: Revenue presented as reclassified, unaudited

% Margin

Data -

% Rev

35.0

30.0

25.0

20.0

15.0

10.0

5.0

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

60%

55%

50%

45%

40%

35%

30%

50.0%

45.0%

40.0%

35.0%

30.0%

29.0

27.0

25.0

23.0

21.0

19.0

17.0

15.0

47.8%

45.0%

43.4%

41.5%

42.9%

44.1%

Legacy Voice and Access

% Data Revenue

Strategic Data

EBITDA

% Margin

Disciplined approach to capital investment

Guiding principles include:

75% of capital spend success-based

Achievement of capital efficiency goals

Focus on success based projects

Compliance with liquidity goals

Maintain current shareholder dividend

Metric

Target

Near –

Term Revenue Opportunity Capital

~75%

Capital to Revenue Ratio

~3.0x

EBITDA Payback

~36 –

48 Months

Return on Investment (EBITDA After Tax)

~15% -

20%

Capital as a % of Revenue

~30-35%

($mm)

Cash

-.0

$ -

Restricted cash

5.3

Total Assets

513.2

Revolver ($60M)

3.5

Long-term debt ($310M)

308.7

Liquidity Overview

12/31/12

2013 Strategic Goals

Leverage Dense Fiber Network to Drive Carrier/Enterprise Data Sales

Overall Revenue Growth in 2013

Margin Expansion throughout 2013

Strategic Data Growth of 15-20%

Successful Edge-Out Market Execution

Maintain 75% ratio for success-based capital projects

Financial Model

% of revenue

2012

4Q12

1Q13

FY 2013

(Dollars in millions)

Actual

Guidance

Annual Long Term Outlook

Revenue

Strategic Data Revenue

108.8

29.0

30.0

123-125

+ 15-20%

52.6%

55.0%

58%

59%

Legacy Voice Revenue

64.4

15.4

14.0

55-56

-10-15%

31.1%

29.2%

27%

26%

Access Revenue

33.7

8.3

30-31

-10-15%

16.3%

15.8%

15%

Total

206.9

52.7

52.0

208 -

212

+ 5%

EBITDA

88.9

23.2

94 -

43.0%

44.1%

~ 44%

~45-46%

47%+

Capital Expenditures

% Success Based

75%

77%

75%

Total

59.9

16.0

65-70

~30-35% of revenue

23.0

Note: Revenue presented as reclassified, unaudited

8.0

2013 Financial Guidance

These estimates are based on management’s current expectations. These estimates are forward-looking and actual results may differ

materially. Please see “Special Note from the Company Regarding Forward-Looking Statements" in the Lumos Networks Corp. fourth

quarter 2012 earnings release dated February 28, 2013.

Business Outlook

(as of February 28, 2013)

(In millions)

Operating Revenues

208

212

Adjusted EBITDA

Capital Expenditures

Reconciliation of Operating Income to Adjusted EBITDA

Operating Income

Depreciation and amortization

Equity based compensation charges

Amortization of actuarial losses

Adjusted EBITDA

First Quarter 2013

2013 Annual

2013 Guidance

approximately $52

approximately $16

approximately $23

approximately $11

approximately $10

approximately $23

approximately $2

Reconciliation of Net Income Attributable to Lumos

Networks Corp. to Operating Income

($ in millions)

2008

2009

2010

2011

2012

Net income (loss) attributable to Lumos

Networks Corp.

$23

$21

($44)

$16

Net income attributable to

noncontrolling interests

Net income (Loss)

(44)

Interest expense

Loss on interest rate derivatives

Income tax expense (benefit)

(4)

Other income, net

Operating Income (Loss)

$39

$41

($36)

3/31/2011

6/30/2011

9/30/2011

12/31/2011

3/31/2012

6/30/2012

9/30/2012

12/31/2012

Net income (loss) attributable to Lumos

Networks Corp.

($62)

Net income attributable to

noncontrolling interests

Net income (Loss)

(62)

Interest expense

Loss on interest rate derivatives

Income tax expense (benefit)

(17)

Other income, net

Operating Income (Loss)

$12

$13

($75)

$12

$13

Year Ended

Three Months Ended

Adjusted EBITDA Reconciliation

($ in millions)

2008

2009

2010

2011

2012

Operating Income (Loss)

$39

$41

($36)

$41

Depreciation and Amortization

Equity Based Compensation

Asset Impairment Charge

Amortization of Actuarial Losses

Business Separation Charges

Acquisition Related Charges

Employee Separation Charges

Restructuring Charges

Gain on Settlements, net

(2)

Adjusted EBITDA

$68

$71

$77

$97

$89

3/31/2011

6/30/2011

9/30/2011

12/31/2011

3/31/2012

6/30/2012

9/30/2012

12/31/2012

Operating Income (Loss)

$12

$13

($75)

$12

$13

Depreciation and Amortization

Equity Based Compensation

Asset Impairment Charge

Amortization of Actuarial Losses

Business Separation Charges

Employee Separation Charges

Restructuring Charges

Gain on Settlements, net

(2)

Adjusted EBITDA

$24

$25

$23

$22

$21

$22

$23

Year Ended

Three Months Ended

Thank You

IR Contact:

Will Davis

917-519-6994

davisw@lumosnet.com