OKLAHOMA CITY, Sept. 21, 2000 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that Everett R. Dobson, chairman and chief executive officer, has purchased approximately 85,000 shares of the Company's outstanding common stock in open market transactions. He may buy additional shares in the open market from time to time, he said.
As announced three days ago, the Company's results for the third quarter ending September 30, 2000, based on the Company's 50% ownership in American Cellular and other acquisitions on a pro forma basis, are expected to include:
-- Service revenues in the range of $95 million to $100 million,
based on ARPU of approximately $41;
-- Roaming revenues in a range of $85 million to $90 million;
-- EBITDA to range between $91 million to $94 million;
-- Gross subscriber additions in the range of 78,000 to 82,000; and
-- Net subscriber additions in the range of 26,000 to 30,000,
assuming a customer churn rate of 2.0 percent to 2.2 percent,
which historically is high for Dobson.
Dobson Communications is a leading provider of cellular phone services to rural markets in the United States. Headquartered in Oklahoma City, the rapidly growing Company owns or manages wireless operations in 18 states. For the year ended December 31, 1999, Dobson reported total revenues of $359.3 million; EBITDA of $137.9 million; and a net loss of $127.6 million, which included a loss from discontinued operations and extraordinary expense.
For additional information on the Company and its operations, please visit its web site at www.dobson.net.