<Page>

                                                                    Exhibit 10.7

                                                                  EXECUTION COPY


                      AMENDED AND RESTATED VOTING AGREEMENT

         AGREEMENT, dated as of December 18, 2001 among Cellco Partnership, a
Delaware general partnership ("CELLCO"), Verizon Wireless of the East LP, a
limited partnership organized under the laws of the State of Delaware ("NEW
LP"), Verizon Wireless Inc., a Delaware corporation ("VWI" and, together with
Cellco and New LP, the "VERIZON PARTIES") and each of the Persons listed on the
signature pages hereof (each, a "STOCKHOLDER").

         WHEREAS, VWI and the Stockholders are party to a Voting Agreement dated
November 14, 2000 (the "OLD VOTING AGREEMENT");

         WHEREAS, the Old Voting Agreement provides that it shall terminate
automatically upon the termination of a certain Transaction Agreement dated
November 14, 2000 among VWI, Cellco, VWI Acquisition Corporation, Price
Communications Corporation, a New York corporation ("PRICE PARENT"), Price
Communications Cellular Inc., a Delaware corporation ("PRICE CELLULAR"), Price
Communications Cellular Holdings, Inc., a Delaware corporation ("PRICE
SHAREHOLDER") and Price Communications Wireless, Inc., a Delaware corporation
(the "COMPANY" and, together with Price Parent, Price Cellular and Price
Shareholder, the "PRICE CORPORATIONS") (the "OLD TRANSACTION AGREEMENT");

         WHEREAS, the Old Transaction Agreement will be terminated in accordance
with its terms pursuant to a Termination Agreement dated as of the date hereof
among VWI and the Price Corporations and a new Transaction Agreement among
Cellco, New LP and the Price Corporations will be executed on the date hereof
(the "NEW TRANSACTION AGREEMENT");

         WHEREAS, Eileen Farbman as guardian of the property of Alexandra
Farbman and Leo Farbman has entered into a Voting Agreement dated as of March
30, 2001 with Robert Price (the "FARBMAN FAMILY VOTING AGREEMENT");

         WHEREAS, Steven Price as guardian of the property of Lucy Price and
Nyle Price has entered into a Voting Agreement dated as of March 30, 2001 with
Robert Price (the "PRICE FAMILY VOTING AGREEMENT");

         WHEREAS, in order to induce Cellco and New LP to enter into the New
Transaction Agreement, the parties to the Old Voting Agreement have agreed to
amend and restate the Old Voting Agreement to, INTER ALIA, (i) add New LP and
Cellco as parties, (ii) provide for termination upon, among other things, the


<Page>

termination of the New Transaction Agreement and (iii) secure the agreement of
each Stockholder to vote all shares of capital stock of any Price Corporation
that such Stockholder may beneficially own on the date hereof or hereafter
acquire or otherwise be entitled to vote (collectively, the "SHARES") to approve
the New Transaction Agreement and any of the transactions contemplated thereby.

         NOW, THEREFORE, the parties hereto agree as follows:

                                    ARTICLE 1

                       GRANT OF PROXY AND VOTING AGREEMENT

         SECTION 1.01. VOTING AGREEMENT. Each Stockholder hereby agrees to vote
all Shares that such Stockholder is entitled to vote at the time of any vote to
approve the New Transaction Agreement and any of the transactions contemplated
thereby at any meeting or meetings of the stockholders of any Price Corporation,
as applicable, and at any adjournment thereof, at which such New Transaction
Agreement and any transactions contemplated thereby are submitted for the
consideration and vote of the stockholders of any Price Corporation, as
applicable. Each Stockholder hereby agrees that it will not vote any Shares in
favor of (other than an Alternative Agreement entered into in accordance with
the New Transaction Agreement and matters relating to, or in connection with the
Alternative Agreement) the approval of any (i) Acquisition Proposal, (ii) action
or set of actions which, if consummated, would constitute a Change of Control,
(iii) reorganization, recapitalization, liquidation or winding up of the Company
or any other extraordinary transaction involving the Company (other than as
contemplated by the New Transaction Agreement and the Ancillary Agreements
referred to therein), (iv) corporate action the consummation of which would
frustrate the purposes, or prevent or delay the consummation, of the
transactions contemplated by the New Transaction Agreement or (v) other matter
relating to, or in connection with, any of the foregoing matters.

         SECTION 1.02. IRREVOCABLE PROXY. Each Stockholder hereby revokes any
and all previous proxies granted with respect to its Shares. By entering into
this Agreement, each Stockholder hereby grants a proxy appointing Cellco as such
Stockholder's attorney-in-fact and proxy, with full power of substitution, for
and in such Stockholder' name, to vote, express, consent or dissent, or
otherwise to utilize such voting power in the manner provided by Section 1.01
above with respect to all the Shares of such Stockholder. The proxy granted by
each Stockholder pursuant to this Article 1 is irrevocable and is granted in
consideration of Cellco and New LP entering into this Agreement and the New
Transaction Agreement and incurring certain related fees and expenses. The proxy



                                       2
<Page>

granted by each Stockholder pursuant hereto shall be revoked upon termination of
this Agreement in accordance with its terms.

                                    ARTICLE 2

               REPRESENTATIONS AND WARRANTIES OF EACH STOCKHOLDER

         Each Stockholder, severally and not jointly, represents and warrants to
Cellco that:

         SECTION 2.01. AUTHORIZATION; ENFORCEABILITY. If such Stockholder is not
a natural Person, the execution, delivery and performance by such Stockholder of
this Agreement and the consummation by such Stockholder of the transactions
contemplated hereby are within the powers of such Stockholder. This Agreement
constitutes a valid and binding Agreement of such Stockholder. If such
Stockholder is executing this Agreement in a representative or fiduciary
capacity or pursuant to any power of attorney or proxy, the Person signing this
Agreement has full power and authority to enter into and perform this Agreement.
If such Stockholder is a natural Person, the Shares beneficially owned by such
Stockholder do not constitute marital property under applicable laws, or if such
Shares constitute marital property, the consent of such Shareholder's spouse is
not required for the execution and delivery of this Agreement or the performance
by such Stockholder of the obligations of the Stockholder hereunder. If this
Agreement is being executed in a representative or fiduciary capacity or
pursuant to any power of attorney or proxy, the Person signing this Agreement
has full power and authority to enter into and perform this Agreement.

         SECTION 2.02. NON-CONTRAVENTION. The execution, delivery and
performance by each Stockholder of this Agreement and the consummation of the
transactions contemplated hereby do not and will not (i) if such Stockholder is
not a natural Person, violate the certificate of incorporation or bylaws or
other constituent documents of such Stockholder, (ii) violate any applicable
law, rule, regulation, judgment, injunction, order or decree, (iii) require any
consent or other action by any Person under, constitute a default under, or give
rise to any right of termination, cancellation or acceleration or to a loss of
any benefit to which such Stockholder is entitled under any provision of any
agreement or other instrument binding on such Stockholder or (iv) result in the
imposition of any Lien on any assets of such Stockholder.

         SECTION 2.03. OWNERSHIP OF SHARES. With respect to the Shares set forth
on the page immediately following the signature pages hereof opposite such
Stockholder's name, such Stockholder (x) is the record and beneficial owner of



                                       3
<Page>

such Shares free and clear of any Lien and any other limitation or restriction
(including any restriction on the right to vote or otherwise dispose of the
Shares) or (y) has and, for so long as this Agreement is in effect, will have
the full power and authority to vote, express consent or dissent, or otherwise
utilize the voting power of such Shares.

         SECTION 2.04. TOTAL SHARES. Except for the Shares set forth on the page
immediately following the signature pages hereof, such Stockholder does not
beneficially own or otherwise have the right to vote any (i) shares of capital
stock or voting securities of any Price Corporation, (ii) securities of any
Price Corporation convertible into or exchangeable for shares of capital stock
or voting securities of any Price Corporation or (iii) options or other rights
to acquire from any Price Corporation any capital stock, voting securities or
securities convertible into or exchangeable for capital stock or voting
securities of any Price Corporation.

         SECTION 2.05. FINDER'S FEES. Subject to and by complying with Section
7.18 of the New Transaction Agreement, no investment banker, broker, finder or
other intermediary is entitled to a fee or commission from any of the Price
Corporations in respect of this Agreement based upon any arrangement or
agreement made by or on behalf of such Stockholder.

                                    ARTICLE 3

              REPRESENTATIONS AND WARRANTIES OF THE VERIZON PARTIES

         Each of the Verizon Parties represents and warrants, with respect to
itself, to each Stockholder that:

         SECTION 3.01. CORPORATE AUTHORIZATION. The execution, delivery and
performance by such Verizon Party of this Agreement and the consummation by such
Verizon Party of the transactions contemplated hereby are within each of its
powers and have been duly authorized by all necessary corporate or partnership
action. This Agreement constitutes a valid and binding Agreement of such Verizon
Party.



                                       4
<Page>

                                    ARTICLE 4

                          COVENANTS OF EACH STOCKHOLDER

         Each Stockholder, severally and not jointly, hereby covenants and
agrees that:

         SECTION 4.01. NO PROXIES FOR OR ENCUMBRANCES ON SHARES. (a) Except
pursuant to the terms of this Agreement, such Stockholder shall not, without the
prior written consent of Cellco, directly or indirectly, (i) grant any proxies
or enter into any voting trust or other agreement or arrangement with respect to
the voting of any Shares (other than the proxy granted pursuant to Section 1.02
of this Agreement), (ii) sell, assign, transfer, encumber or otherwise dispose
of , or enter into any contract, option or other arrangement or understanding
with respect to the direct or indirect sale, assignment, transfer, encumbrance
or other disposition of, any Shares or permit any other Person to take any such
action with respect to any Shares during the term of this Agreement or (iii)
agree to any amendment, waiver or termination of the Price Family Voting
Agreement or the Farbman Family Voting Agreement. Such Stockholder shall not
seek or solicit any such acquisition or sale, assignment, transfer, encumbrance
or other disposition or any such contract, option or other arrangement or
understanding and agree to notify Cellco promptly, and to provide all details
requested by Cellco if such Stockholder shall be approached or solicited,
directly or indirectly, by any Person with respect to any of the foregoing.

         (b) The foregoing notwithstanding, Kim Pressman shall be entitled to
take any action described in clause (ii) of Section 4.01(a) with respect to up
to 55,000 shares of capital stock of the Company held by her provided that prior
written notification of any such action is delivered to Cellco and New LP. Any
shares of capital stock disposed of by Ms. Pressman in accordance with this
Section 4.02(b) shall not be deemed to be "Shares" for the purposes of this
Agreement.

         SECTION 4.02. OTHER OFFERS. Except as permitted by the New Transaction
Agreement, each of the Stockholders will not solicit, initiate, knowingly
encourage, conduct or engage in any substantive discussions, or enter into any
agreement or understanding with any other person or entity regarding the
transfer, directly or indirectly, of any of their Shares in a manner which would
reasonably be anticipated in the case of Price Parent to result in a Change of
Control (other than an event that is a Change of Control solely by reason of
subparagraph (i) of the definition of "Change of Control"). Any party hereto
becoming aware of any inquiry or request by another person or entity with
respect to any such transfer prohibited by the immediately preceding sentence
hereof shall promptly notify Cellco of such inquiry, indicate the identity of
the offer or and the terms and conditions of any proposals or offers or the
nature of any inquiries or contacts, and



                                       5
<Page>

thereafter keep Cellco informed, on a current basis, of the status and terms of
any such proposals or offers and the status of any such inquiries or contacts.

                                    ARTICLE 5

                                  MISCELLANEOUS

         SECTION 5.01. FURTHER ASSURANCES. Each of the Verizon Parties and each
Stockholder will each execute and deliver, or cause to be executed and
delivered, all further documents and instruments and use their best efforts to
take, or cause to be taken, all actions and to do, or cause to be done, all
things necessary, proper or advisable under applicable laws and regulations, to
consummate and make effective the transactions contemplated by this Agreement;
PROVIDED that this Section 5.01 shall in no way limit, restrict or restrain the
ability of each Stockholder to exercise its fiduciary duties as a director or
officer of any of the Price Corporations, so long as each Stockholder acts in
accordance with Section 9.09 of the New Transaction Agreement.

         SECTION 5.02. AMENDMENTS; TERMINATION. Any provision of this Agreement
may be amended or waived if, but only if, such amendment or waiver is in writing
and is signed, in the case of an amendment, by each party to this Agreement or
in the case of a waiver, by the party against whom the waiver is to be
effective. This Agreement shall terminate on the earlier of (i) the date of
termination of the New Transaction Agreement in accordance with its terms or
(ii) the approval by the shareholders of Price Parent of all the transactions
contemplated by the New Transaction Agreement (other than the VWI Exchange).

         SECTION 5.03. EXPENSES. Except as otherwise provided in the New
Transaction Agreement, all costs and expenses incurred in connection with this
Agreement shall be paid by the party incurring such cost or expense.

          SECTION 5.04. SUCCESSORS AND ASSIGNS. The provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns; PROVIDED that no party may assign, delegate
or otherwise transfer any of its rights or obligations under this Agreement
without the consent of the other parties hereto, except that each of the Verizon
Parties may transfer or assign its rights and obligations, in whole or from time
to time in part, to any one or more of its Affiliates.

         SECTION 5.05. GOVERNING LAW. This Agreement shall be construed in
accordance with and governed by the laws of the State of New York.



                                       6
<Page>

         SECTION 5.06. COUNTERPARTS; EFFECTIVENESS. This Agreement may be signed
in any number of counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.
This Agreement shall become effective when each party hereto shall have received
counterparts hereof signed by all of the other parties hereto.

         SECTION 5.07. SEVERABILITY. If any term, provision or covenant of this
Agreement is held by a court of competent jurisdiction or other authority to be
invalid, void or unenforceable, the remainder of the terms, provisions and
covenants of this Agreement shall remain in full force and effect and shall in
no way be affected, impaired or invalidated.

         SECTION 5.08. SPECIFIC PERFORMANCE. The parties hereto agree that
irreparable damage would occur in the event any provision of this Agreement is
not performed in accordance with the terms hereof and that the parties shall be
entitled to specific performance of the terms hereof in addition to any other
remedy to which they are entitled at law or in equity.

         SECTION 5.09. CAPITALIZED TERMS. Capitalized terms used but not defined
herein shall have the respective meanings set forth in the New Transaction
Agreement.



                                       7
<Page>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first above written.

                                            CELLCO PARTNERSHIP

                                            By: /s/
                                                --------------------------------
                                                Name:
                                                Title:


                                            VERIZON WIRELESS OF THE EAST LP

                                            By: /s/
                                                --------------------------------
                                                Name:
                                                Title:


                                            VERIZON WIRELESS INC.

                                            By: /s/
                                                --------------------------------
                                                Name:
                                                Title:


                                            STOCKHOLDERS:

                                            ROBERT PRICE

                                            /s/
                                            ------------------------------------


                                            KIM PRESSMAN

                                            /s/
                                            ------------------------------------






                                       8
<Page>

<Table>
<Caption>
Names of Stockholder              Class of Stock          Shares Owned or Entitled to Vote
--------------------              --------------          --------------------------------
<S>                               <C>                     <C>
Robert Price                      Common                  13,453,100

Kim Pressman                      Common                     383,665
</Table>



                                       9