“Safe Harbor” Statement

6/27/2002


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Table of Contents

PPT Slide

“Safe Harbor” Statement

Investment Highlights

Proven Strategic Model

Attractive Footprint

Wireless: Industry Leading Margins

Wireline: Stable Cash Flow Generator

Information Services: Steady and Profitable

CenturyTel Wireless Acquisition - Expanding Wireless Footprint

Verizon Access Lines Acquisition - Enhancing Wireline Scale and Scope

Strong Platform for Continued Growth

Experienced and Successful Acquirer

Management Team with a Proven Record

ALLTEL Financial Overview

Delivering Consistent Growth

Strong and Growing Free Cash Flow

Conservative Capital Structure

Pro Forma Capitalization

Investment Highlights

PPT Slide

Author: Kerry Brooks