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FOR IMMEDIATE RELEASE
CONTACT:  Bill Fowler
December 22, 2005

HIGHLAND CELLULAR SELLS CERTAIN PCS LICENSES TO VERIZON

Highland Cellular Holdings, Inc. has sold certain PCS licenses to Verizon Wireless, it was announced today.

In the transaction, Verizon Wireless acquired a 15 MHz C Block PCS license for the Toledo, Ohio BTA and a 10 MHz C Block PCS license for the Lima, Ohio BTA from Highland Cellular.  The licenses cover 1,038,000 POPs.

Daniels & Associates, L.P. represented the seller in the transaction.

Daniels is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, private equity & debt financings and financial advisory engagements. Daniels is a major force in the U.S. mergers & acquisitions market with more than $100 billion in total transactions. Daniels is a member of the NASD and SIPC.

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