PALM BEACH GARDENS, FLORIDA, November 24, 2003 -- Dycom Industries, Inc. (NYSE Symbol: "DY") announced today that pursuant to an asset purchase agreement it previously announced on November 6, 2003, it has consummated the purchase of substantially all of the assets of First South Utility Construction, Inc. for $50 million in cash and 175,840 shares of common stock of Dycom.

First South, based in Greensboro, North Carolina, provides outside plant construction, design and engineering services for telecommunication providers throughout the eastern United States.

*****

Dycom is a leading provider of engineering, construction, and maintenance services to telecommunication providers throughout the United States. Additionally, Dycom provides similar services related to the installation of integrated voice, data, and video local and wide area networks within office buildings and similar structures. Dycom also provides underground utility locating and mapping and electric utility construction services. Visit our website at http://www.dycomind.com for additional corporate information.