EXHIBIT 99.2
FOR IMMEDIATE RELEASE
DOBSON COMMUNICATIONS TO ACQUIRE ADDITIONAL CELLULAR
PROPERTY IN OKLAHOMA
OKLAHOMA CITY, June 14, 2000-Dobson Communications Corporation
(Nasdaq: DCEL) announced today that it has entered into a
definitive agreement to acquire the FCC cellular license for and
certain assets related to the Oklahoma 6 Rural Service Area (RSA)
for approximately $72.0 million, subject to adjustment.
Completion of the transaction is subject to corporate and
regulatory approvals, and customary closing conditions.
The Oklahoma 6 RSA covers seven counties in central and
eastern Oklahoma, including the cities of Henryetta, McAlester,
Muskogee, Okmulgee, Seminole and Tahlequah. Bisecting it from
west to east is the major roaming corridor along Interstate 40
that connects Oklahoma City to Fort Smith, Arkansas. The market
also encompasses much of the Indian Nation Turnpike and several
recreational areas, including Lake Eufaula, one of Oklahoma's
largest and most popular lakes.
Dobson will gain approximately 25,000 subscribers with the
acquisition. The total population base for the Oklahoma 6 RSA is
approximately 221,000.
"Oklahoma 6 is a very promising addition to our operations
in the Midwest," said Ed Evans, president and chief operating
officer. "We believe that the potential subscriber growth in this
region should benefit us, particularly as we strengthen and
expand the availability of digital services."
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, covering a total population of
8.6 million. 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 that
are based upon assumptions that in the future may prove not to
have been accurate. Those statements and the Company's business
and prospects are subject to a number of risks, including, but
not limited to, substantial capital expenditures required to fund
its acquisitions, the inability to secure adequate financing to
fund the Company's continued growth, competition, government
regulation and the ability of the Company to implement and
continue its business strategy. These and other risks are
described in the Company's documents and reports, which are
available from the Securities and Exchange Commission.
CONTACT: J. Warren Henry
Vice President, Investor Relations
(405) 529-8820
