ThZeal - The Zeal

SC 13G 1 sc13g.txt SCHEDULE 13G OMB APPROVAL OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response..14.9 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ________)* AirGate PCS, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) 009367 10 3 - ------------------------------------------------------------------------------- (CUSIP Number) December 31, 2001 - ------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) / / Rule 13d-1(c) /X/ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 2 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Communications Partners I L.P. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 1,153,648 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 1,153,648 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,153,648 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 4.48% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 3 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone iPCS Capital Partners L.P. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 992,328 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 992,328 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 992,328 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 3.85% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 4 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone/iPCS L.L.C. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 348,398 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 348,398 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 348,398 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 1.35% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): OO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 5 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Communications Management Associates I L.L.C. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 1,153,648 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 1,153,648 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,153,648 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 4.48% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): OO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 6 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Media Management Associates III L.L.C. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 1,340,726 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 1,340,726 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,340,726 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.21% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): OO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 7 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Management Partners III L.L.C. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 4,780 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 4,780 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 4,780 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.02% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): OO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 8 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Mezzanine Partners L.P. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 71,302 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 71,302 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 71,302 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.28% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 9 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Mezzanine Holdings L.P. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 7,923 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 7,923 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 7,923 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.03% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 10 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Mezzanine Associates L.P. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 79,225 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 79,225 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 79,225 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.31% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 11 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Blackstone Mezzanine Management Associates L.L.C. I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 79,225 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 0 --------------------------------------------------- 7. Sole Dispositive Power: 79,225 --------------------------------------------------- 8. Shared Dispositive Power: 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 79,225 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.31% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): OO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 12 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Peter G. Peterson I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: United States - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 2,578,379 --------------------------------------------------- 7. Sole Dispositive Power: 0 --------------------------------------------------- 8. Shared Dispositive Power: 2,578,379 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,578,379 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 9.98% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP No. 009367 10 3 13G Page 13 of 34 Pages - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Name of Reporting Person: Stephen A. Schwarzman I.R.S. Identification Nos. of above persons (entities only): - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: United States - ------------------------------------------------------------------------------- NUMBER OF SHARES 5. Sole Voting Power: 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------- 6. Shared Voting Power: 2,578,379 --------------------------------------------------- 7. Sole Dispositive Power: 0 --------------------------------------------------- 8. Shared Dispositive Power: 2,578,379 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,578,379 - ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 9.98% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): IN - ------------------------------------------------------------------------------- Item 1(a). Name of Issuer: AirGate PCS, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: Harris Tower, 233 Peachtree Street NE, Suite 1700, Atlanta, Georgia 30303 Item 2(a). Name of Person Filing: Blackstone Communications Partners I L.P. Blackstone iPCS Capital Partners L.P. Blackstone/iPCS L.L.C. Blackstone Communications Management Associates I L.L.C. Blackstone Media Management Associates III L.L.C. Blackstone Management Partners III L.L.C. Blackstone Mezzanine Partners L.P. Blackstone Mezzanine Holdings L.P. Blackstone Mezzanine Associates L.P. Blackstone Mezzanine Management Associates L.L.C. Peter G. Peterson Stephen A. Schwarzman Item 2(b). Address of Principal Business Office or, if None, Residence: 345 Park Avenue, New York, New York 10154 Item 2(c). Citizenship: Blackstone Communications Partners I L.P. - Delaware Blackstone iPCS Capital Partners L.P. - Delaware Blackstone/iPCS L.L.C. - Delaware Blackstone Communications Management Associates I L.L.C. - Delaware Blackstone Media Management Associates III L.L.C. - Delaware Blackstone Management Partners III L.L.C. - Delaware Blackstone Mezzanine Partners L.P. - Delaware Blackstone Mezzanine Holdings L.P. - Delaware Blackstone Mezzanine Associates L.P. - Delaware Blackstone Mezzanine Management Associates L.L.C. - Delaware Peter G. Peterson - United States Stephen A. Schwarzman - United States Item 2(d). Title of Class of Securities: Common Stock, par value $.01 per share Item 2(e). CUSIP Number: 009367 10 3 Page 14 of 34 Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) / / Broker or dealer registered under Section 15 of the Exchange Act. (b) / / Bank as defined in section 3(a)(6) of the Exchange Act. (c) / / Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) / / Investment company registered under Section 8 of the Investment Company Act. (e) / / An investment adviser in accordance with Rule 13d-1(b) (1)(ii)(E); (f) / / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) / / A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount beneficially owned: Blackstone Communications Partners I L.P., a Delaware limited partnership ("BCOM I"), is the record holder of 1,153,648 shares of the identified class of securities; Blackstone iPCS Capital Partners L.P., a Delaware limited partnership ("BCP"), is the record holder of 992,328 shares of the identified class of securities; and Blackstone/iPCS L.L.C., a Delaware limited liability company ("BiPCS"), is the record holder of 348,398 shares of the identified class of securities. As sole general partner of BCOM I, Blackstone Communications Management Associates I L.L.C., a Delaware limited liability company ("BCMA I"), may be deemed to be the beneficial owner of 1,153,648 shares of the identified class of securities held of record by BCOM I. However, BCMA I disclaims that it is a beneficial owner of such securities, except to the extent of its pecuniary interest in such securities. Page 15 of 34 As sole general partner of BCP and the manager of BiPCS, Blackstone Media Management Associates III L.L.C., a Delaware limited liability company ("BMMA III"), may be deemed to be the beneficial owner of 1,340,726 shares of the identified class of securities held of record by BCP and BiPCS. However, BMMA III disclaims that it is a beneficial owner of such securities, except to the extent of its pecuniary interest in such securities. Blackstone Management Partners III L.L.C., a Delaware limited liability company ("BMP III"), is the record holder of options to purchase 4,780 shares of the identified class of securities. Blackstone Mezzanine Partners L.P., a Delaware limited partnership ("BMP"), is the record holder of warrants to purchase 71,302 shares of the identified class of securities and Blackstone Mezzanine Holdings L.P., a Delaware limited partnership ("BMH"), is the record holder of warrants to purchase 7,923 shares of the identified class of securities. As sole general partner of BMP and BMH, Blackstone Mezzanine Associates L.P., a Delaware limited partnership ("BMALP"), may be deemed to be the beneficial owner of the warrants held of record by BMP and BMH (and 79,225 shares of the identified class of securities issuable upon the exercise thereof). However, BMALP disclaims that it is a beneficial owner of such warrants, except to the extent of its pecuniary interest in such warrants. As sole general partner of BMALP, which is in turn sole general partner of BMP and BMH, Blackstone Mezzanine Management Associates L.L.C., a Delaware limited liability company ("BMMALLC"), may also be deemed to be the beneficial owner of the warrants held of record by BMP and BMH (and 79,225 shares of the identified class of securities issuable upon the exercise thereof). However, BMMALLC disclaims that it is a beneficial owner of such warrants, except to the extent of its pecuniary interest in such warrants. Messrs. Peter G. Peterson and Stephen A. Schwarzman are the founding members of BiPCS, BMP III, BMMA III, BCMA I and BMMALLC (the "Founding Members") and have the shared power to vote or to direct the vote of, and to dispose of or to direct the disposition of, the shares of the identified class of securities that may be deemed to be beneficially owned by BiPCS, BMP III, BMMA III, BCMA I and BMMALLC. As a result, the Founding Members may be deemed to beneficially own the shares of the identified class of securities that BiPCS, BMP III, BMMA III, BCMA I and BMMALLC may be deemed to beneficially own, but they disclaim any such beneficial ownership except to the extent of their individual pecuniary interest in such securities. (b) Percent of class: See Item 11 of each cover page, which is based on Item 5 of each cover page. See Item 4(a). (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: See Item 5 of each cover page. (ii) Shared power to vote or to direct the vote: See Item 6 of each cover page. Page 16 of 34 (iii) Sole power to dispose or to direct the disposition of: See Item 7 of each cover page. (iv) Shared power to dispose or to direct the disposition of: See Item 8 of each cover page. Item 5. Ownership of Five Percent or Less of a Class Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. See Item 4(a) above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. BCMA I is the sole general partner of BCOM I and therefore may be deemed to be the beneficial owner of the securities held by BCOM I. However, BCMA I disclaims that it is a beneficial owner of such securities, except to the extent of its pecuniary interest in such securities. BMMA III is the sole general partner of BCP and the manager of BiPCS and therefore may be deemed to be the beneficial owner of the securities held by such entities. However, BMMA III disclaims that it is a beneficial owner of such securities, except to the extent of its pecuniary interest in such securities. BMALP is the sole general partner of BMP and BMH and therefore may be deemed to be the beneficial owner of the warrants (and the securities issuable upon the exercise thereof) held by such limited partnerships. However, BMALP disclaims that it is a beneficial owner of such warrants, except to the extent of its pecuniary interest in such warrants. BMMALLC is the sole general partner of BMALP and therefore may be deemed to be the beneficial owner of the warrants (and the securities issuable upon the exercise thereof) held by BMP and BMH. However, BMMALLC disclaims that it is a beneficial owner of such warrants, except to the extent of its pecuniary interest in such warrants. BCOM I, BCP, BiPCS, BCMA I, BMMA III, BMP III, BMP, BMH, BMALP and BMMALLC may be deemed to be a group in relation to their respective investments in AirGate PCS, Inc. BCOM I, BCP, BiPCS, BCMA I, BMMA III, BMP III, BMP, BMH, BMALP and BMMALLC do not affirm the existence of a group. Page 17 of 34 The Founding Members may be deemed to be a group in relation to their shared power to vote or to direct the vote of, and to dispose or to direct the disposition of, the securities held, through BCOM I, BCP, BiPCS, BCMA I, BMMA III, BMP III, BMP, BMH, BMALP and BMMALLC. The Founding Members do not affirm the existence of a group. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. Not applicable. Page 18 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE COMMUNICATIONS PARTNERS I L.P. By: Blackstone Communications Management Associates I L.L.C., its General Partner By: /s/ Lawrence H. Guffey ----------------------- Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 19 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE iPCS CAPITAL PARTNERS L.P. By: Blackstone Media Management Associates III L.L.C., its General Partner By: /s/ Lawrence H. Guffey --------------------------- Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 20 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE/iPCS L.L.C. By: Blackstone Media Management Associates III L.L.C., as General Partner of Blackstone iPCS Offshore Capital Partners L.P., a member By: /s/ Lawrence H. Guffey ------------------------------ Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 21 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE COMMUNICATIONS MANAGEMENT ASSOCIATES I L.L.C. By: /s/ Lawrence H. Guffey ----------------------------- Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 22 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Lawrence H. Guffey ------------------------- Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 23 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE MANAGEMENT PARTNERS III L.L.C. By: /s/ Lawrence H. Guffey ---------------------------- Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 24 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE MEZZANINE PARTNERS L.P. By: Blackstone Mezzanine Associates L.P., its General Partner By: Blackstone Mezzanine Management Associates L.L.C., its General Partner By: /s/ Lawrence H. Guffey ------------------------ Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 25 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE MEZZANINE HOLDINGS L.P. By: Blackstone Mezzanine Associates L.P., its General Partner By: Blackstone Mezzanine Management Associates L.L.C., its General Partner By: /s/ Lawrence H. Guffey ----------------------------- Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 26 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE MEZZANINE ASSOCIATES L.P. By: Blackstone Mezzanine Management Associates L.L.C., its General Partner By: /s/ Lawrence H. Guffey ------------------------------- Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 27 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. BLACKSTONE MEZZANINE MANAGEMENT ASSOCIATES L.L.C. By: /s/ Lawrence H. Guffey ------------------------------ Name: Lawrence H. Guffey Title: Member Dated: 2-14-02 Page 28 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Peter G. Peterson ------------------------------ PETER G. PETERSON Dated: 2-14-02 Page 29 of 34 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Stephen A. Schwarzman ------------------------------ STEPHEN A. SCHWARZMAN Dated: 2-14-02 Page 30 of 34 EXHIBITS Exhibit 1 - Joint Filing Agreement and Power of Attorney Page 31 of 34 JOINT FILING AGREEMENT AND POWER OF ATTORNEY We, the signatories of the statement on Schedule 13G to which this Agreement is attached, hereby agree that such statement is, and any amendments thereto filed by any of us will be, filed on behalf of each of us. Each of us hereby constitutes and appoints Stephen A. Schwarzman as our true and lawful agent and attorney-in-fact with full power of substitution and resubstitution, to prepare, execute and file any such amendments, and any other documents that any such agent and attorney-in-fact may consider advisable on Schedule 13G, on our behalf, and hereby ratifies any such action by any such agent and attorney-in-fact. BLACKSTONE COMMUNICATIONS PARTNERS I L.P. By: Blackstone Communications Management Associates I L.L.C., its General Partner By: /s/ Lawrence H. Guffey -------------------------------- Name: Lawrence H. Guffey Title: Member BLACKSTONE iPCS CAPITAL PARTNERS L.P. By: Blackstone Media Management Associates III L.L.C., its General Partner By: /s/ Lawrence H. Guffey -------------------------------- Name: Lawrence H. Guffey Title: Member BLACKSTONE/iPCS L.L.C. By: Blackstone Media Management Associates III L.L.C., as General Partner of Blackstone iPCS Offshore Capital Partners L.P., a member By: /s/ Lawrence H. Guffey -------------------------------- Name: Lawrence H. Guffey Title: Member Page 32 of 34 BLACKSTONE COMMUNICATIONS MANAGEMENT ASSOCIATES I L.L.C. By: /s/ Lawrence H. Guffey ---------------------------------- Name: Lawrence H. Guffey Title: Member BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Lawrence H. Guffey ---------------------------------- Name: Lawrence H. Guffey Title: Member BLACKSTONE MANAGEMENT PARTNERS III L.L.C. By: /s/ Lawrence H. Guffey ---------------------------------- Name: Lawrence H. Guffey Title: Member BLACKSTONE MEZZANINE PARTNERS L.P. By: Blackstone Mezzanine Associates L.P., its General Partner By: Blackstone Mezzanine Management Associates L.L.C., its General Partner By: /s/ Lawrence H. Guffey --------------------------- Name: Lawrence H. Guffey Title: Member Page 33 of 34 BLACKSTONE MEZZANINE HOLDINGS L.P. By: Blackstone Mezzanine Associates L.P., its General Partner By: Blackstone Mezzanine Management Associates L.L.C., its General Partner By: /s/ Lawrence H. Guffey ------------------------------- Name: Lawrence H. Guffey Title: Member BLACKSTONE MEZZANINE ASSOCIATES L.P. By: Blackstone Mezzanine Management Associates L.L.C., its General Partner By: /s/ Lawrence H. Guffey ------------------------------ Name: Lawrence H. Guffey Title: Member BLACKSTONE MEZZANINE MANAGEMENT ASSOCIATES L.L.C. By: /s/ Lawrence H. Guffey ------------------------------ Name: Lawrence H. Guffey Title: Member ______________________________ PETER G. PETERSON ______________________________ STEPHEN A. SCHWARZMAN Page 34 of 34