Waller Capital Advises Pioneer Cellular on Wireless Acquisition

Kingfisher, OK

Pioneer Cellular to Further Expand its Western Oklahoma Operations

KINGFISHER, OK, NOVEMBER 14, 2011 – Cellular Network Partnership d/b/a Pioneer Cellular is pleased to announce that it has entered into a definitive agreement with Oklahoma 5 L.L.C. d/b/a CellularOne to purchase a controlling interest in the assets and operations of CellularOne in Western Oklahoma, which includes the subscribers, wireless network and retail locations in the communities of Weatherford, Clinton and Elk City. CellularOne currently provides wireless services in Beckham, Custer, Dewey, Roger Mills and Washita counties of Western Oklahoma.

“This acquisition demonstrates the commitment of Pioneer Cellular to expand our wireless business and at the same time our desire to improve the quality of wireless service and coverage area, not only to the CellularOne customers, but also to the existing Pioneer Cellular customers,” said Richard Ruhl, Pioneer General Manager. “We are excited about the opportunity to deliver Pioneer Cellular’s outstanding 3G CDMA data services and the new, advanced 4G LTE data services to the customers who live and work in these counties of Western Oklahoma.”

The transaction is subject to approval by the Federal Communications Commission (FCC) as well as other customary closing conditions and is expected to close in the first quarter of 2012.

Waller Capital Partners, LLC served as the exclusive financial advisor to Pioneer Cellular and Media Venture Partners acted as the exclusive financial advisor to CellularOne.

About Pioneer Cellular

Cellular Network Partnership d/b/a Pioneer Cellular is a partnership group comprised of Pioneer Telephone Cooperative, Inc., KanOkla Telephone Association, South Central Communications of Kansas, and Hinton Cellular Company in Hinton, Oklahoma. Established in 1988, the group serves customers in 37 counties in Western and Southwestern Oklahoma and 14 counties in Southern Kansas. Pioneer Cellular provides a wide range of advanced wireless services such as Picture and Text Messaging and Data Browsing utilizing 3G CDMA EVDO Rev. A technology. For more information about Pioneer Cellular, visit www.wirelesspioneer.com.

About Oklahoma 5 L.L.C.

Oklahoma 5 L.L.C. d/b/a CellularOne is an affiliate of MTPCS. MTPCS is, headquartered in Wayne, Pennsylvania, and manages wireless businesses in Montana, Oklahoma, Texas, Louisiana and the Gulf of Mexico.