OKLAHOMA CITY, Dec. 24, 2003 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq: DCEL) announced today that it has entered into an agreement to repurchase in a private transaction approximately $46.1 million (liquidation preference amount) of its 12 1/4% Senior Exchangeable Preferred Stock for $48.9 million. CUSIPs for the 12 1/4% Senior Exchangeable Preferred Stock are 256 072 30 7 and 256 069 30 3. The transaction is expected to close by year-end.
About Dobson Communications
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, with markets covering a population of 11.1 million. The Company serves 1.6 million customers. For additional information on the Company and its operations, please visit its Web site at http://www.dobson.net.