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CONTEL CELLULAR ANNOUNCES THE SALE OF ARKANSAS CELLULAR PROPERTIES TO ALLTEL MOBILE COMMUNICATIONS

 CONTEL CELLULAR ANNOUNCES THE SALE OF ARKANSAS CELLULAR PROPERTIES
 TO ALLTEL MOBILE COMMUNICATIONS
 ATLANTA, Oct. 29 /PRNewswire/ -- Contel Cellular (NASDAQ: CCXLA) today announced that it has signed a letter of intent whereby Alltel Mobile Communications will acquire all of the outstanding stock of Contel Cellular of Arkansas, Inc.
 In making the announcement, Dennis Whipple, president and chief executive officer of Contel Cellular, said: "Contel Cellular is committed to the cellular business and to the development of network systems that link calling areas serving more than one MSA and RSA. We will continue to seek out and review strategic business opportunities that are in the best interests of our shareholders and our customers."
 Included in the transaction are the Arkansas Metropolitan Statistical Areas (MSAs) of Fort Smith and Fayetteville as well as Arkansas Rural Service Areas (RSAs) No. 1 and No. 8 and Oklahoma RSA No. 4 representing 496,000 "POPs" ("POPs" represents the total market population multiplied by a cellular provider's percentage of ownership).
 The transaction is subject to execution of a definitive agreement and regulatory approvals. Terms of the transaction were not disclosed.
 Contel Cellular provides mobile and portable-telephone services in 36 metropolitan markets in the United States. The company is a limited partner in 29 additional metropolitan markets and has ownership interest in 84 Rural Service Areas. Based on total-market population or "POPs," Contel Cellular is the sixth-largest cellular telecommunications company in the United States, with interests in cellular systems representing approximately 24.2 million "POPs."
 Contel Cellular is a publicly traded company, of which 90 percent of the outstanding shares are indirectly owned by GTE Corp. (NYSE: GTE).
 -0- 10/29/92
 /CONTACT: Jeff Keller, director-communications of Contel Cellular, 404-391-8358/
 (CCXLA GTE) CO: Contel Cellular; Alltel Mobile Communications ST: Arkansas IN: TLS SU: TNM


BN-EA -- AT007 -- 6781 10/29/92 16:38 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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