Exhibit 99.5

CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES

Valuation and Qualifying Accounts

($ in thousands)

			Additions
Accounts	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts - Revenue		Deductions		Balance at End of Period
Allowance for doubtful accounts
2003		27,824		19,871		9,133		20,912		35,916
2004		35,916		17,657		2,215		20,708		35,080
2005		35,080		12,797		1,080		17,572		31,385

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders

Citizens Communications Company:

Under date of March 1, 2006, except for Note 2(h) and Note 8(a), which are as of November 3, 2006, we reported separately on the consolidated balance sheets of Citizens Communications Company and subsidiaries as of December 31, 2005 and 2004, and the related consolidated statements of operations, shareholders’ equity, comprehensive income (loss) and cash flows for each of the years in the three-year period ended December 31, 2005. In connection with our audits of the aforementioned consolidated financial statements, we also audited the related financial statement schedule. The financial statement schedule is the responsibility of Citizens Communications Company and subsidiaries’ management. Our responsibility is to express an opinion on the financial statement schedule based on our audits. In our opinion, such financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.

Our report refers to the adoption of Statement of Financial Accounting Standards (SFAS) No. 143, “Accounting for Asset Retirement Obligations” as of January 1, 2003.

          /s/ KPMG LLP

Stamford, Connecticut

November 3, 2006