Alltel Wireless Introduces One-Year Contracts; Handset Prices to Remain the Same

Greater Contract Flexibility Now Available to Customers in 91 CMAs Served by
Alltel, Including Territories Being Acquired by AT&T

LITTLE ROCK, Ark.--(Business Wire)--
Alltel Wireless announced today that effective June 5, 1-year postpaid service
contracts will replace the industry-standard 2-year service contract for
Alltel`s new and renewing customers. In addition, beginning tomorrow, Alltel
will be the only wireless carrier to offer 2-year postpaid handset pricing to
those signing 1-year contracts, creating enhanced flexibility and greater choice
for Alltel customers.

"Wireless customers have been waiting for an option like this for a long time,"
said Paul Bowersock, Senior Sales & Operations Leader for the Alltel Divestiture
Trust. "With a 1-year contract option, customers can take greater control over
their wireless experience, having the flexibility to choose their contract
length and the latest innovative handsets at the most competitive price
possible."

The 1-year contract option is available only to customers in the 91 cellular
market areas (CMAs) that Verizon is required to divest, which will continue to
operate as Alltel Wireless until they are sold. Alltel will continue to carry on
`business as usual` in these 91 CMAs through divestiture, including in the areas
being acquired by AT&T pending regulatory approval. "We are excited about the
possibility of joining with AT&T," Bowersock said, "and believe it will be great
for our customers." The sale of assets to AT&T is subject to regulatory
approvals, with AT&T expecting the transaction to close in the fourth quarter of
this year.

In January 2009, the Department of Justice, Federal Communications Commission,
and several state Attorneys General required Verizon Communications Corp. to
divest assets in 105 Cellular Market Areas (CMAs) in 24 states in order to
proceed with its $28 billion acquisition of the former Alltel Corp. These assets
are being managed by a Trustee until divestiture, including ninety-one of these
CMAs operating under the Alltel brand and serving more than 2.2 million
customers.

Verizon Wireless entered into a definitive agreement with AT&T to sell
properties in 79 CMAs currently being operated by the Trust. These include
Alltel, Verizon, and Rural Cellular Corp. properties located in 18 states with a
total of 1.5 million customers. The states represented are: Alabama, Arizona,
California, Colorado, Iowa, Michigan, Montana, Nevada, New Mexico, North Dakota,
South Dakota, Tennessee, Utah, Virginia and Wyoming.

The agreement does not include assets being managed by the Trust in the
following states: Idaho, Illinois, Ohio, North Carolina, South Carolina and
Georgia. Verizon Wireless is actively working on the sale of those properties.

Alltel Wireless continues to be an industry-leader, providing choice and
flexibility with its exclusive "My Circle" feature, providing unlimited calling
to and from any 5, 15, or 25 numbers on any network. Alltel Wireless was also
the first to offer Anytime Plan Changes, giving customers the flexibility to
change their calling plans at any time without extending their contract.

For more information on concerning the sale of the divested markets, consumers
can visit and log on to www.alltel.com, and go to the Customer Q&A section.

Alltel Wireless
Wesley Brown, 501-905-4615
wesley.r.brown@alltel.com
or
Kelly Kavanaugh, 501-905-4661
kelly.kavanaugh@alltel.com

Copyright Business Wire 2009