Source: AT&T Press Release

AT&T (NYSE:T) today announced that AT&T Mobility and Consumer Markets has finalized its swap of wireless assets with Verizon's (NYSE:VZ) majority-owned Verizon Wireless, following regulatory approval from the FCC and Department of Justice. Under the terms of the agreement, AT&T Mobility acquired some former Rural Cellular Corporation properties previously acquired by Verizon Wireless, including licenses, network assets and subscribers, in the Burlington, Vt. metropolitan service area and in rural service areas (RSAs) in New York (RSA-2), Vermont (RSA-1, RSA-2) and Washington (RSA-2, RSA-3). AT&T also acquired a cellular license from Verizon Wireless in portions of Kentucky RSA-6.

Also under terms of the agreement, Verizon Wireless acquired from AT&T Mobility some former Dobson Communications Corporation properties, including licenses, network assets and subscribers, in Kentucky RSA-6 and RSA-8. Verizon Wireless also acquired 10 MHz of PCS spectrum in a number of areas and received an additional cash consideration from AT&T Mobility. These transactions satisfy the divestiture requirements related to AT&T Mobility's acquisition of Dobson last year.

This agreement was signed on Dec. 3, 2007, and received final regulatory approval on Dec. 18, 2008.