AT&T No Longer a Shareholder in Dobson

The USA based Dobson Communications says that it is delaying plans to raise US$150 million from the stock market, blaming current stock market conditions. On September 18, 2003, the Company announced that it was considering a primary offering that would result in proceeds to Dobson of as much as $150 million, subject to market conditions and other considerations.

Dobson also says that it has been advised that AT&T Wireless has completed the sale of its entire holdings of approximately 4.5 million shares of Dobson's Class A common stock. As a result, AT&T Wireless has ceased to be party to the stockholder and investor rights agreement with Dobson.

Dobson Communications Corporation is a provider of wireless phone services to rural markets in the United States. Headquartered in Oklahoma City, the Company owns wireless operations in 16 states."

Posted to the site on 3rd October 2003