OKLAHOMA CITY, Oct. 31, 2003 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that it has closed its cash tender offer (the "Offer") for, and has purchased 246,967 shares of, its 12 1/4% Senior Exchangeable Preferred Stock (CUSIP Nos. 256072307, 256069303 and 256072208) (the "Preferred Shares"). The aggregate consideration paid by Dobson for the Preferred Shares purchased in the Offer was $263.4 million, including accrued dividends on the purchased shares.
The consideration paid in the Offer was an amount equal to $1,061.25 per Preferred Share, plus accrued and unpaid dividends to, but not including, October 31, 2003.
Dobson Communications is a leading provider of wireless phone services to rural markets in the United States. Headquartered in Oklahoma City, the Company owns wireless operations in 16 states. For additional information on the Company and its operations, please visit its Web site at http://www.dobson.net.