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American Cellular, venture owned equally by Dobson Communications...

American Cellular, venture owned equally by Dobson Communications and AT&T Wireless, plans private offering of $450 million in senior subordinated notes due 2009. Dobson said American Cellular would use proceeds to pay down debt and to fund first 4…

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interest payments due on notes. In recent FCC filings, Dobson subsidiary said it had signed agreement with AT&T Wireless to transfer certain PCS licenses it won in recent C-block auction to joint venture (CD March 5 p6).