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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: November 2, 1999
(Date of earliest event reported) OCTOBER 28, 1999
DOBSON COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
OKLAHOMA 333-23769 73-1110531
(State or other jurisdiction (Commission IRS Employer
of incorporation) File Number) Identification No.)
13439 NORTH BROADWAY EXTENSION, SUITE 200
OKLAHOMA CITY, OKLAHOMA 73114
(Address of principal executive offices) (Zip Code)
(405) 529-8500
(Registrant's telephone number, including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On October 28, 1999, Dobson Communications Corporation (the "Company")
announced that through one of its subsidiaries, it entered into three
separate definitive agreements to purchase cellular licenses and related
assets for Michigan 3, Alaska 1 and Alaska 3 Rural Service Areas with
transaction values of approximately $97 million, $16 million and $12 million,
respectively.
(c) Exhibits
The following exhibit is filed as a part of this report:
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Exhibit
No. Description Method of Filing
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<S> <C> <C>
99.1 Press Release of the Company, (1)
dated October 28, 1999
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(1) Filed herewith.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 9, 1999 Dobson Communications Corporation
(Registrant)
By /s/ Ronald L. Ripley
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Richard D. Sewell, Jr.
Treasurer
(405) 529-8674
Dobson Communications Corporation
DOBSON COMMUNICATIONS ENTERS AGREEMENTS TO PURCHASE
PROPERTIES IN MICHIGAN AND ALASKA
OKLAHOMA CITY - October 28, 1999 - Dobson Communications Corporation
announced today that through one of its subsidiaries it has entered into
separate definitive agreements to purchase cellular licenses and related
assets for Michigan 3, Alaska 1 and Alaska 3 Rural Service Areas. The
markets include an aggregate population base of about 357,000 people. The
agreements are with three different sellers and at transaction values of $97
million, $16 million and $12 million, respectively.
The Michigan 3 property encompasses 5 counties in northwest Michigan
and has a population base of approximately 166,000. The largest towns are
Traverse City and Petoskey.
The Alaska 1 property is located in the central section of the state
from the eastern coastline to the eastern border with Canada. The market has
a population base of approximately 121,000. It includes Fairbanks and all
significant highways and communities located 200 miles to the south and
southeast of Fairbanks.
The Alaska 3 property includes 7 counties in the southeast corner of
the state with a population base of approximately 70,000. Major cities are
Juneau and Ketchikan.
Everett Dobson, President of Dobson said, "We are excited about the
opportunities in these three markets. The Michigan markets include several
popular tourist destinations and the Alaska markets are adjacent to markets
owned and operated by our strategic roaming partner, AT&T Wireless."
The purchase agreements are subject to certain closing conditions
including regulatory approval and are expected to close in the first quarter
of 2000.
Dobson Communications Corporation is a leading provider of rural
cellular telephone services, employing approximately 1,025 employees in its
wireless operations, headquartered in Oklahoma City, Oklahoma. Through its
subsidiaries, the Company has wireless operations in eleven states located
throughout the United States. Dobson Communications may be found on the
World Wide Web at http://www.dobson.com.
