US Unwired Announces Acquisition of Minority Interests.

Business Editors

LAKE CHARLES, La.--(BUSINESS WIRE)--March 8, 2001

US Unwired Inc. (Nasdaq/NM:UNWR), a Sprint PCS (NYSE:PCS) Network Partner, announced today the completion of two transactions in which it exchanged US Unwired Class A common stock for the minority interests in its

"These transactions eliminate all of US Unwired's minority interests and increases the population that the company reports under its Sprint PCS affiliation to 9.8 million. These acquisitions greatly simplify our corporate structure and allow our investors to better understand the company," said Robert Piper, US Unwired's president and CEO.

Prior to the transactions, US Unwired owned 93.86 percent of Louisiana Unwired, LLC. Louisiana Unwired is authorized to build, operate and manage a network that offers 100 percent digital, 100 percent Sprint PCS Wireless Service in 39 markets that encompass a population of approximately 9.2 million. US Unwired acquired the outstanding 6.14 percent from Cameron Communications Corporation for 4,634,842 shares of US Unwired Class A common stock.

Louisiana Unwired, LLC owned 80 percent of Texas Unwired, another Sprint Network Partner, which offers Sprint PCS service in the Beaumont and Lufkin, Texas markets that encompass a population of approximately 630,000. US Unwired acquired the outstanding 20 percent ownership from Butler Waddell Interests, Ltd. and XIT Leasing, Inc. for 307,664 shares of US Unwired Class A common stock. US Unwired now has 18,474,091 shares of Class A common stock outstanding, as well as 65,477,646 shares of Class B common stock.

US Unwired, based in Lake Charles, La., holds ownership interests in three Sprint PCS Network Partners: Louisiana Unwired, Texas Unwired and Gulf Coast Wireless. Through Louisiana Unwired and Texas Unwired, US Unwired is authorized to build, operate and manage a network that offers 100 percent digital, 100 percent Sprint PCS Wireless Service in 41 markets. US Unwired's Sprint PCS Service territory includes portions of southern Tennessee, east Texas, southern Arkansas, Alabama, Mississippi, the Florida panhandle and significant portions of Louisiana. In addition, US Unwired provides cellular and paging service in southwest Louisiana. For more information on US Unwired and its products and services, visit the company's web site at http://www.usunwired.com.

Sprint PCS operates the largest 100 percent digital, 100 percent PCS nationwide wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities across the country. Sprint PCS has licensed PCS coverage of more than 280 million people in all 50 states, Puerto Rico and the U.S. Virgin Islands. For more information, visit the Sprint PCS web site at www.sprintpcs.com. Sprint PCS is a wholly-owned tracking group of Sprint Corporation trading on the NYSE under the symbol "PCS."

Sprint is a global communications company - at the forefront of integrating long-distance, local and wireless communications services, and a large carrier of Internet traffic. Sprint built and operates the United States' first nationwide all-digital, fiber-optic network and is a leader in advanced data communications services. Sprint has $23 billion in annual revenues and serves more than 20 million business and residential customers.

This press release includes forward-looking statements about our business, operations and other matters. Such forward-looking statements often (but not always) include the words "believes," "expects," "plans," "anticipates," "intends," "projects" or similar words. These statements speak only as of the date made, are not guarantees of future performance, and involve known and unknown risks and other factors that could cause actual results to be materially different from any future results expressed or implied by them. Some of these factors, many of which are outside our control, include: our dependence on our affiliation with Sprint PCS, availability of infrastructure and subscriber equipment, availability at acceptable terms of sufficient funds to pay for our business plan, competition, changes in labor, equipment and capital costs, ability to obtain required regulatory approvals, market and technology changes, ability to comply with our credit agreements, changes in management, ability to attract and retain qualified employees, future acquisitions, and general economic and business conditions. One should not rely too heavily on any forward-looking statement. For a detailed discussion of these and other cautionary statements and factors, see US Unwired's filings with the SEC, especially in the "risk factors" section of its Form S-1 (Registration no. 333-33964), in its Form 10-Q for the quarter ended September 30, 2000, and in subsequent filings with the SEC.