<PAGE>
Filed by TeleCorp PCS, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
And deemed filed pursuant to Rule 14a-12
Of the Securities Exchange Act of 1934
Subject Companies:
TeleCorp PCS, Inc.
Commission File No. 000-27901
Tritel, Inc.
Commission File No. 000-28435
On February 28, 2000, TeleCorp PCS, Inc. ("TeleCorp"), a Delaware
corporation, Tritel, Inc. ("Tritel"), a Delaware corporation, and AT&T Wireless
Services, Inc., a Delaware corporation, executed a definitive Agreement and Plan
of Reorganization and Contribution (the "Merger Agreement"). Additionally, on
February 28, 2000, AT&T Wireless PCS, LLC, a Delaware limited liability company,
TeleCorp, and certain other affiliates of TeleCorp, executed a definitive Asset
Exchange Agreement (the "Asset Exchange Agreement").
THE FOLLOWING IS A SLIDE PRESENTATION FIRST USED BY
TELECORP ON MAY 9, 2000
<PAGE>
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TeleCorp
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Desai Capital Management
15th Annual Investment Seminar
May 9, 2000
NASDAQ National Market: TLCP
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Investment Considerations TeleCorp
------------
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. Dramatic growth in wireless continues
. Largest AT&T Wireless affiliate, backed by equity ownership
- Exclusivity, Brand, Roaming, Coverage
. Attractive market footprint covering 16.7 million POPs
. Successfully launched in all major markets
. Abundant spectrum in major markets
. Designated entity status provides growth opportunity
. Experienced and incentivized management team
. Scale and scope through merger with Tritel
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Dynamic and Growing Industry TeleCorp
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Wireless Penetration
--------------------
Over 50% penetration by 2002
[WIRELESS PENETRATION GRAPH]
EDGAR REPRESENTATION OF DATA POINTS USED IN GRAPH
-------------------------------------------------
Year % of Wireless Penetration
---- -------------------------
1996 0.165
1997 20.7
1998 25.7
1999 32.0
2000 39.4
2001 49.3
2002 57.8
2003 64.5
2004 69.4
2005 73.4
2006 76.4
2007 79.0
2008 79.7
. As of April 2000, there were over 86.5 million U.S. wireless subscribers
. 42,338 new subscribers everyday, one new subscriber every two seconds
Source: DLJ Global Wireless Communications Industry Report, Winter 2000, and
Cellular Telecommunications Industry Association
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Company History TeleCorp
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<TABLE>
<S> <C>
July 1996 Gerald Vento & Tom Sullivan founded TeleCorp
April 1997 Obtained PCS licenses for New Orleans, Memphis & Little Rock
July 1998 Closed joint venture with AT&T
July 1998 Received equity commitments of $128 million & bank commitments of $525 million
1st Qtr. 1999 Launched New Orleans, Baton Rouge, Memphis and Little Rock markets
April 1999 Completed $328 million senior subordinated notes offering
April 1, 1999 Launched New England market
April-June 1999 Acquired additional licenses covering 2.4 million Pops in Louisiana markets
May 1999 Purchased additional spectrum in C-Block re-auction
May 1999 Acquired PCS license covering 3.9 million for San Juan, PR MTA from AT&T
June 1999 Launched Puerto Rico market
Nov 1999 Raised $253 million in IPO and concurrent offering of 12.8 million shares
Feb/Mar 2000 Announced merger with Tritel; AT&T property swap
</TABLE>
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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AT&T Benefits TeleCorp
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. Most recognized and respected brand name in communications
[LOGO]SunCom [LOGO]AT&T co-branding
-----------------------------------
Member of the AT&T Wireless Network
-
. Preferred roaming partner to AT&T Wireless, 109 million total roaming
minutes in 1999
- Contiguous to AT&T and affiliate markets
. Seamless coast-to-coast coverage
. Unique affiliate program
- TeleCorp owns its licenses and pays no franchise fees to AT&T
. Scale benefits from volume purchasing discounts
. Nationwide marketing and advertising campaigns
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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TeleCorp Footprint TeleCorp
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16.7 million Pops in 3 strategic regions
. 8 of top 100 markets
. Major roaming destinations: 39 million visitors annually
. 38% more dense than U.S. average
South/Central Region
10.9 MM Pops
[Map of South/Central U.S.]
New England
1.99 MM Pops
[Map of New England]
Puerto Rico / USVI
3.9 MM Pops
[Map of Puerto Rico/USVI]
[Map Color coded Legend:
TeleCorp
Other SunCom affiliates
AT&T and roaming partners]
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Pro Forma TeleCorp Footprint TeleCorp
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. From the Great Lakes to the Gulf of Mexico...
. 16 of the top 100 markets
. 35 million people
. 14 states and Puerto Rico
[Map of portion of the United States and Puerto Rico]
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Coast-to-Coast Coverage TeleCorp
------------
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[Map of the United States and Puerto Rico]
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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TeleCorp/Tritel/AWS Swaps TeleCorp
------------
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Two Concurrent Deals:
- --------------------
- Merger with Tritel, Inc.
- Exchange & acquisition of properties w/ AT&T Wireless - TeleCorp New
England properties for markets in Wisconsin (Milwaukee) and Iowa (Des
Moines)
. Merger with Tritel, Inc.
- $4.7B (at close of 3/10/00) - all stock, tax-free, fixed ratio
- Tritel shareholders will receive .76 shares of TeleCorp common stock for 1
share of Tritel common stock
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Two Concurrent Deals, cont'd. TeleCorp
------------
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. Exchange & Acquisition
- Exchange 1.9M POPs in New England market for 1.9M POPs in Wisconsin & Iowa
and $100M of cash
- Acquisition of 4.1M POPs in Wisconsin and Iowa for 9.3M shares of TeleCorp
stock to AT&T
- AT&T contractual right for additional 1.4M POPs if acquired and
accompanying branding rights
- Assumption of FCC debt for Industar acquisition
- Extension of AT&T brand usage for two additional years
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Strategic Rationale TeleCorp
------------
================================================================================
. Strategic fit
- Formation of single designated entity vehicle
- Delivers contiguous markets covering 35 million Pops
- Provides operating efficiencies and scale
- Enhances data strategy
. Strong and growing markets
- Top ten carrier, 3rd largest PCS provider
- 14 states and Puerto Rico
- 16 of the top 100 markets
. Two largest AT&T affiliates
- SunCom brand name
- TDMA technology
- Like culture
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Combined Highlights of Merger TeleCorp
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. Corporate headquarters - Arlington, VA
. 332,000 SunCom subscribers pro forma w/ Tritel as (4/30/00)
. 1,977 total employees (1Q `00)
. 1,524 cell sites (1Q `00)
. 11 switches (1Q `00)
. 96 SunCom stores (1Q `00)
. 1596 retail outlets (1Q `00)
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Wireless Upside - Mobile Data TeleCorp
------------
================================================================================
. Mobile data will drive future growth
- 35% Internet penetration in U.S.
- Mobile data is next step in wireless connectivity
- Explosion of demand overseas
[PHOTO]
. Huge upside for TeleCorp in mobile data
- Large contiguous footprint with merger
- Affiliation with AT&T
. Strategy
- Leverage relationship with Lucent and AT&T
- Offer two-way data messaging services (SunBurst Info Services)
- Pursue full two-way data and Internet applications (WAP)
- Completed data services trial in January and February 2000
o First two-way short message service (SMS) and wireless Internet
applications trial on TDMA network w/ Nokia and Lucent
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Abundant Spectrum Capacity TeleCorp
------------
================================================================================
. Spectrum increasing in value
- TeleCorp in its major markets holds more spectrum than its competitors
. 30-35 MHz of spectrum
- San Juan
- New Orleans
- Little Rock
- Memphis
. Tritel averages 27 MHz
. Swap markets average 30 MHz
. Capacity for increased traffic, new subscribers and data services
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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TeleCorp's Experienced Leadership TeleCorp
------------
================================================================================
Gerald T. Vento*
Chairman & CEO
[Sprint Spectrum Logo]
Thomas H. Sullivan*
Executive Vice President &
Chief Financial Officer
[McDermott, Will & Emery Attorneys at Law Logo]
Julie Dobson*
Chief Operating Officer
[Bell Atlantic Logo]
Steve
Chandler*
General Manager
Memphis
[Bell South Logo
[AT&T Logo]
Randy
Johnson*
General Manager
Little Rock
[Alltel Logo]
Andy
Hearn*
General Manager
New Orleans
[Alltel Logo]
Raul
Burgos*
General Manager
Puerto Rico
[Nextel Logo]
Mitch
Johnson*
General Manager
New England
[Alltel Logo]
. Company management averages over 10 years industry experience, including
local market expertise
. Fully staffed with over 1200 employees
. Management owns 12% of TeleCorp equity (Post-IPO)
* Formerly of
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Operational Milestones (5/99) TeleCorp
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================================================================================
. Launched 14 major domestic markets on time and on budget
. Since commercial launch on Feb 4:
- 32 million minutes on network with less than 1.1% dropped calls
- Generated $5.0 million in revenue
- Added over 18,000 subscribers
. Successfully completed five billing cycles
. On schedule to launch Puerto Rico markets
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Operational Milestones (1Q `00) TeleCorp
------------
================================================================================
. Launched 28 markets in 14 months (30 markets by 5/05/00)
. Signed up ver 254,000 subscribers (4/30/00)
- Pro forma w/ Tritel over 332,000 subscribers (4/30/00)
. Carried 310 million minutes on the net work year to date (vs. total of 286
million minutes in all of `99) with a dropped call rate of less than 1%.
. Generated $55.4 million in revenue
. Produced $67 ARPU, excluding roaming revenue
. Counted 56 SunCom corporate stores and 1310 additional retail doors
. Completed two data services trials in January and February 2000
. Launched SunBurst Information Services
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Targeted Distribution TeleCorp
------------
================================================================================
- --------------------------------------------------
SunCom Retail Stores
- --------------------------------------------------
. 56 company owned retail stores
. In-line stores and kiosks in high traffic malls
[Photo]
- --------------------------------------------------
Indirect Doors
- --------------------------------------------------
. Local dealers and agents
. National and regional retailers
. 1366 indirect locations
[Best Buy Logo]
[Circuit City Logo]
[Office Depot Logo]
[Staples Logo]
[Radio Shack Logo]
- --------------------------------------------------
Direct Sales
- --------------------------------------------------
. 103 account execs
. 1-800-SunCom-1
. www. SunComShop.com
[Photo]
- --------------------------------------------------
AT&T
- --------------------------------------------------
. National account program
[AT&T Logo]
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Network Build - Ahead of Schedule TeleCorp
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<TABLE>
<CAPTION>
Jun 1999 Dec 1999 YE 2000
-------- -------- -------
<S> <C> <C> <C>
Markets 15 major, added: 26 total, added: 39 total, launching:
New Orleans, Baton Lafayette, Fort Smith,
Rouge, Memphis, Houma, Alexandria,
Little Rock, San Fayetteville, Beaumont, Columbia/
Juan and New Ponce, Arecibo Jefferson City,
England and more Evansville and more
Cumulative 10.5 million 11.0 million 12.3 million
Launched
POPs
Launched 64% 66% 74%
POP Coverage
Cumulative 495 741 1,350
Cell Sites
Cumulative 5 5 7
Switches
</TABLE>
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Financial Highlights TeleCorp
------------
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. "Best of both worlds" business model
- Strong urban PCS economics:
o 254,000+ subscribers (4/30/00)
o $67 ARPU (1Q `00)
o 320 MOU/month/subscriber (1Q '00)
- High margin roaming revenue
o 57 million roaming minutes (1Q `00)
o 39 million visitors per year
. Capitalize on robust subscriber growth and roaming minutes by:
- Accelerating capital deployment
- Increasing investment in capacity and coverage
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Accelerating Growth Drivers 1999 TeleCorp
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Subscribers
[Chart]
EDGAR REPRESENTATION OF DATA POINTS USED IN GRAPH
-------------------------------------------------
Subscribers
Financial Quarter (in thousands)
----------------- --------------
1Q99 8.8
2Q99 30.9
3Q99 75.7
4Q99 142.2
1Q00 228.0
Roaming MOUs
[Chart]
EDGAR REPRESENTATION OF DATA POINTS USED IN GRAPH
-------------------------------------------------
Roaming MOUs
Financial Quarter (in millions)
----------------- --------------
1Q99 6.0
2Q99 27.0
3Q99 37.0
4Q99 39.0
1Q00 57.0
================================================================================
[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Income Statement TeleCorp
------------
================================================================================
<TABLE>
<CAPTION>
($ in millions) 2Q99 3Q99 4Q99 YE99 1Q00
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Service Revenue $ 5.7 $ 12.7 $ 22.4 $ 41.3 $ 36.9
% of Total Revenue 33% 47% 57% 47% 66%
Roaming Revenue 7.6 9.5 10.1 29.0 11.5
% of Total Revenue 44% 35% 25% 33% 21%
Equipment Revenue 3.8 4.7 7.0 17.4 7.0
% of Total Revenue 23% 18% 18% 20% 13%
---------------------------------------------------------
Total Revenues $ 17.1 $ 26.9 $ 39.5 $ 87.7 $ 55.4
Cost of Revenues 7.4 13.0 16.2 39.3 19.0
* Operations 7.8 10.4 8.6 34.5 10.8
* SG&A 25.3 35.4 54.7 133.4 57.0
---------------------------------------------------------
EBITDA ($23.4) ($31.9) ($40.0) ($119.5) ($31.4)
Depreciation and
Amortization 13.7 18.3 20.3 55.1 23.5
* Operating Income
(Loss) ($37.1) ($50.2) ($60.3) ($174.6) ($54.9)
</TABLE>
* Excludes Non-cash Stock Compensation
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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Committed Capital (3/31/00) TeleCorp
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================================================================================
($ in millions)
IPO & Concurrent $ 253
Cash Equity $ 245
Non-Cash Equity $ 108
Bank Debt $ 560
Discount Notes $ 328
Vendor Financing $ 115
Total $1,609
------
* - Does not include merger or exchange with AT&T
================================================================================
[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
------------
Investment Considerations TeleCorp
------------
================================================================================
. Dramatic growth in wireless continues
. Largest AT&T Wireless affiliate, backed by equity ownership
- Exclusivity, Brand, Roaming, Coverage
. Attractive market footprint covering 16.7 million POPs, 35 million POPs Pro
forma
. Successfully launched in all major markets
. Abundant spectrum in major markets
. Designated entity status provides growth opportunity
. Experienced and incentivized management team
. Scale and scope with Tritel merger
================================================================================
[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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TeleCorp
------------
================================================================================
A joint proxy statement/prospectus will be filed by TeleCorp PCS, Inc.
("TeleCorp") and Tritel, Inc. ("Tritel") with the Commission as soon as
practicable. WE URGE INVESTORS TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND
ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE COMMISSION, BECAUSE THEY
CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free
copy of the joint proxy statement/prospectus and other documents filed by
TeleCorp and Tritel with the Commission at the Commission's web site at
www.sec.gov. The joint proxy statement/prospectus and other documents filed
with the Commission by TeleCorp may also be obtained for free from TeleCorp by
directing a request to TeleCorp PCS, Inc., 1010 N. Glebe Road, Suite 800,
Arlington, VA 22201, telephone: (703) 236-1100. In addition, the joint proxy
statement/prospectus and other documents filed with the Commission by Tritel may
be obtained for free from Tritel by directing a request to Tritel, Inc., 111 E.
Capitol Street, Suite 500, Jackson, MS 39201, Attention: Shareholder Relations,
telephone: (601) 914-8000.
EXECUTIVE OFFICERS, DIRECTORS AND EMPLOYEES OF TELECORP MAY SOLICIT PROXIES FROM
TELECORP SHAREHOLDERS IN FAVOR OF THE TRANSACTIONS CONTEMPLATED ABOVE.
INFORMATION CONCERNING THE INTERESTS OF THE PARTICIPANTS IN THE SOLICITATION IS
INCLUDED IN THE CURRENT REPORT ON FORM 8-K/A FILED WITH THE COMMISSION BY
TELECORP PCS, INC. ON MARCH 10, 2000.
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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TeleCorp
------------
================================================================================
Safe Harbor
- -----------
Except for historical information, the matters discussed in this presentation
that may be considered forward-looking statements could be subject to certain
risks and uncertainties that could cause the actual results to differ materially
form those projected. These include timing and success of regulatory approval
and uncertainties in the market, competition, legal and other risks detailed in
TeleCorp PCS, Inc.'s registration statement filed with the SEC on Form S-1, as
amended or supplemented (file no. 333-81813) and Tritel, Inc.'s registration
statement filed with the SEC on Form S-1, as amended or supplemented (file no.
333-91207). TeleCorp PCS, Inc. and Tritel, Inc. assume no obligation to update
information in this presentation.
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[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
<PAGE>
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------------
TeleCorp
------------
NASDAQ National Market: TLCP
================================================================================
[LOGO]SunCom [LOGO]AT&T
- -----------------------------------
Member of the AT&T Wireless Network
