Valor Communications

Summary

The following is a summary of the principal features of this offering of IDSs and senior subordinated notes and should be read together with the more detailed information and financial data and statements contained elsewhere in this prospectus.

Throughout this prospectus, we refer to Valor Communications Group, Inc., a Delaware corporation, as "Valor," and, together with its consolidated operations, as "we," "our," and "us," unless otherwise indicated. Valor is a holding company and has no direct operations. Valor's principal assets are the direct and indirect equity interests of its subsidiaries, all of which will be pledged to the creditors under the new credit facility, as described more fully below.