OKLAHOMA CITY, Nov. 7, 2006 (PRIMEZONE) -- Dobson Communications Corporation (the "Company") (Nasdaq:DCEL) announced today that its wholly owned subsidiary Dobson Cellular Systems, Inc. ("Dobson Cellular") has completed its redemption for the remaining $15,559,000 in outstanding First Priority Senior Secured Floating Rate Notes due 2011 (CUSIP No. 256067-AF-6). The total redemption price of $15,896,426.09 for the First Priority Senior Floating Rate Notes due 2011 was funded from a distribution of cash on hand from Dobson Cellular.
Dobson Communications is a leading provider of wireless phone services to rural markets in the United States. Headquartered in Oklahoma City, the Company owns or manages wireless operations in 17 states. For additional information on the Company and its operations, please visit its Web site at www.dobson.net.