TRITEL
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FOR IMMEDIATE RELEASE
January 18, 2001
TELECORP PCS, INC. ANNOUNCES RECEIPT OF THE CONSENTS SOUGHT IN CONNECTION
WITH THE PRIVATE OFFERING BY ITS SUBSIDIARY TRITEL PCS, INC. OF SENIOR
SUBORDINATED NOTES.
Arlington, Virginia, January 18, 2001, TeleCorp PCS, Inc. (NASDAQ: TLCP)
announced today that its subsidiary, Tritel PCS, Inc., received consents from
holders of in excess of a majority of its 12 3/4% Senior Subordinated Discount
Notes due 2009 to amend the indenture relating to the 12 3/4% Senior
Subordinated Discount Notes to allow Tritel PCS to proceed with its proposed
private offering of senior subordinated notes. Having obtained the required
consents, Tritel PCS intends to complete the private offering of its senior
subordinated notes.
ABOUT TRITEL PCS
Tritel PCS is an operating entity and part of TeleCorp PCS, Inc. Tritel PCS
markets its PCS services under the SunCom and AT&T brand names and is licensed
to provide service to approximately 14 million people in the Southeastern U.S.,
with contiguous markets in Kentucky, Tennessee, Mississippi, Alabama, Indiana
and Georgia. Tritel PCS's regional headquarters are in Jackson, Mississippi, and
Tritel PCS employs more than 1,100 people.
More information about Tritel PCS and TeleCorp PCS, Inc. can be found on the web
at www.telecorppcs.com and more information about the SunCom service can be
found at www.suncom1.com.
Except for historical information, the matters discussed in this news release
that may be considered forward-looking statements could be subject to certain
risks and uncertainties that could cause the actual results to differ materially
from those projected. These include uncertainties in the market, competition,
legal and other risks detailed in Tritel PCS, Inc.'s registration statement
filed with the SEC on Form S-4, as amended or supplemented (file no. 333-82509).
Tritel PCS, Inc. assumes no obligation to update information in this release.
INVESTOR CONTACTS: MEDIA CONTACTS:
Jim Morrisey Russell Wilkerson
TeleCorp PCS, Inc. TeleCorp PCS, Inc.
703-629-6668 (PCS) 703-625-2069 (PCS)
703-236-1136 (Office) 703-236-1292 (Office)
John Nesbett/Mary Ellen Adipietro
Lippert/Heilshorn & Associates
212-838-3777
