OKLAHOMA CITY, Nov. 8, 2000 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that it plans to participate in the upcoming Federal Communications Commission C and F Block Broadband PCS Spectrum Auction (FCC Auction No. 35). Through its subsidiary, DCC PCS, Inc., Dobson is eligible to participate in the auction as a Designated Entity.
The auction is scheduled to commence on December 12, 2000 and will include both open and closed spectrum licenses. Only companies that are designated by the FCC as "Designated Entities" are allowed to bid on all of the licenses.
Dobson Communications is a leading provider of cellular phone services to rural markets in the United States. Headquartered in Oklahoma City, the Company owns or manages wireless operations in 18 states. For additional information on the Company and its operations, please visit its web site at www.dobson.net.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. These risks include increased levels of competition, shortages of cellular handsets and other key equipment, restrictions on the Company's ability to finance its growth and other factors. A more extensive discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements.