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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| November 02, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TELECOM

Verizon Wireless fills in network

The top wireless operator will buy Dobson Communications' wireless ops in four states for $465 mil. Besides expanding coverage, it'll cut the fees Verizon pays to transmit calls via rival networks. The Dobson properties in Calif., Ga., Ohio and Tenn. cover 950,000 potential customers. Verizon Wireless is a Verizon-Vodafone joint venture.

Alltel Q3 net up 10%, beat views

The rural telecom earned 74 cents a share, a penny above targets. Sales grew 2% to $1.9 bil as wireless sales rose 4%. Alltel added 124,000 wireless customers, a bit above views. It sees Q4 results flat with Q3. Also, Alltel's $5.9 bil unsolicited bid for CenturyTel remains on the table, even though its rival rejected it. Alltel said Wednesday it'll buy 600,000 Ky. lines from Verizon for $1.9 bil.

MEDIA

FCC eyes EchoStar deal control

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