Valor Communications Group Prices Initial Public Offering at $15.00 Per Share

Valor Communications Group Prices Initial Public Offering at $15.00 Per Share

IRVING, Texas, Feb. 9 /PRNewswire-FirstCall/ -- Valor Communications Group, Inc. (NYSE:VCG), today announced that it has priced its initial public offering of 29,375,000 shares of common stock at $15.00 per share.

All shares in the offering are offered by Valor Communications Group. The selling stockholders have granted the underwriters the right to purchase up to an additional 4,406,250 shares at the initial public offering price.

Valor Communications Group common stock is expected to begin trading today on the New York Stock Exchange under the ticker symbol "VCG."

Merrill Lynch & Co., Banc of America Securities LLC and J.P. Morgan Securities Inc. are acting as co-lead managers in this offering.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction or state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction or state. The initial public offering is being made solely by means of a prospectus, which may be obtained from Merrill Lynch & Co., Prospectus Department, 4 World Financial Center, New York, NY 10080 (212-449-1000).

About Valor Communications Group

Valor Communications Group is one of the largest providers of telecommunications services in rural communities in the southwestern United States. The company offers to residential, business and government customers a wide range of telecommunications services, including: local exchange telephone services, which covers basic dial-tone service as well as enhanced services, such as caller identification, voicemail and call waiting; long distance services; and data services, such as providing digital subscriber lines. Valor Communications is headquartered in Irving, Texas.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Valor Communications' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements, see "Risk Factors" in the prospectus dated February 8, 2005, relating to the Company's initial public offering of common stock.


Source: Valor Communications Group, Inc.

CONTACT: investor relations, Keith Terreri, +1-972-373-1296, or fax,
+1-972-373-1150, or kterreri@valortelecom.com , or media, Cynthia T. Cruz,
+1-972-373-1134, or fax, +1-469-420-2540, or ccruz@valortelecom.com , both of
Valor Communications Group, Inc.

Web site: http://www.valortelecom.com/


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