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DIAL PAGE PLANS TO BUILD ENHANCED SMR NETWORK IN SOUTHEAST; AGREES WITH FIDELITY TO FORM SMR PARTNERSHIP; ANNOUNCES SMR CHANNEL ACQUISITIONS AND FCC CONSTRUCTION WAIVER

 GREENVILLE, S.C., June 28 /PRNewswire/ -- Dial Page, Inc. (NASDAQ-NMS: DPGE) today announced plans to build an enhanced Specialized Mobile Radio network across North and South Carolina, Alabama, Tennessee and eastern Georgia, encompassing more than 16.0 million people.
 Dial Page has entered into agreements and letters of intent to acquire enough frequency for creation of an enhanced SMR network in this territory. The company currently offers paging and messaging services in nine southeastern states.
 These agreements and letters of intent will provide more than 1,700 channels in the five-state network and a total of approximately 2,400 channels across the larger Southeast region, where Dial Page is considering expanding its SMR network. These include more than 100 channels each in Charlotte, Greensboro and Raleigh, N.C., Greenville, S.C., and Nashville, Tenn.; and more than 75 channels each in Columbia and Charleston, S.C., and Birmingham, Ala.
 An enhanced SMR network would allow Dial Page to provide Digital Mobile Phone service comparable to cellular phone service. Dial Page's footprint of spectrum puts it in a unique position to provide regional service across its proposed network. Dial Page also would offer other wireless services through the enhanced SMR network, such as two-way paging, mobile data transmission, alarm systems, interactive E-Mail, personal locators and dispatch.
 Specifically, the company announced it has:
 - Agreed with Fidelity Capital, the new-business development unit of
 Boston-based Fidelity Investments, to combine their SMR operations
 in North Carolina;
 - Received a waiver from the Federal Communications Commission that
 allows Dial Page five years after licensing, instead of one, to
 construct and make operational a wide-area digital SMR system
 in the Southeast;
 - Entered into agreements to acquire for cash and Dial Page stock
 the assets of several businesses engaged in SMR, subject to
 certain liabilities, as well as options to acquire SMR systems,
 and is negotiating to acquire substantial additional SMR spectrum
 in the five-state area and across the Southeast; and
 - Formed a wholly owned subsidiary, Dial Call, Inc. to carry out the
 company's SMR plan.
 "Digital Mobile Phone service is a new but natural outgrowth of our core paging operations," said Dial Page President and Chief Executive Officer Jeffrey R. Hultman. "Our goal is to be the leading wireless communications company in the Southeast, and building an enhanced SMR network would allow us to stay at the forefront of this rapidly evolving industry."
 SMR networks have been in existence since 1974, but because of their analog technology, their usefulness has been limited to two-way radio services like taxi and truck dispatch that require only limited system capacity. Digital technology is now being developed which will enhance SMR by compressing information being transmitted on SMR frequencies, allowing more intensive use of the same amount of radio frequencies. This means that 70 SMR channels in a market using digital technology would be equivalent to 420 cellular analog channels.
 Under the letter of intent with Fidelity, subsidiaries of Dial Page and Fidelity Capital would contribute their SMR properties and proposed acquisitions in North Carolina to a general partnership. Formation of the partnership is subject to execution of definitive agreements, regulatory approvals and other conditions.
 "We are excited to be participating with Dial Page in this rapidly evolving SMR technology," said James P. Hynes, managing director of Fidelity Capital. "Dial Page management has proven its ability to execute a growth strategy based on a regional focus and enhanced services. We think Dial Page has a bright future in wireless communications and SMR."
 Dial Page also has received an FCC waiver, which allows the company five years to construct and make operational a wide-area digital SMR system in the Southeast, subject to submitting an acceptable implementation schedule and annual compliance reports. Without the waiver, SMR frequencies are required to be constructed and operating within one year of licensing. The waiver also will apply to participants in Dial Page's network approved by the FCC.
 To carry out its SMR plan, Dial Page has formed a wholly owned subsidiary, Dial Call, Inc. As previously announced, a portion of the $27.8 million in proceeds to be received from the sale of Dial Page stock to certain investors, including Boston Ventures, The Hillman Company, J.P. Morgan Capital Corporation and Fleet Equity Partners, together with $2.5 million from cash on hand, will be contributed to Dial Call.
 -0- 6/28/93
 /CONTACT: Thomas A. Grina, Chief Financial Officer, Dial Page, Inc., 803-242-0234/
 (DPGE)


CO: Dial Page, Inc. ST: South Carolina IN: TLS SU: PDT TNM

CM -- CH001 -- 6155 06/28/93 10:32 EDT
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Date:Jun 28, 1993
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