One of your longs ARTT has some good news today. Looks good, not much of a reaction to it though.
Advanced Radio Telecom to Deploy Broadband Wireless Internet Protocol Networks
(Business Wire 01/05 09:27:35)
in 10 Markets in 2000
Business Editors, High-Tech Writers
BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 5, 2000--Advanced Radio
Telecom Corp. (ART) (Nasdaq:ARTT), the first broadband Internet
Protocol service provider (IPSP), announced today that it will build
high-speed, IP metropolitan area networks in 10 markets in 2000
including Boston, Dallas, Houston, Los Angeles, New York, Orange
County, Calif., Phoenix, San Diego, Seattle, and Washington D.C.
ART offers 100Mbps Internet access service to businesses in San
Jose, Calif., and plans to deploy its broadband wireless metropolitan
area IP network to provide IP services to Internet service providers
(ISP), interexchange carriers (IXC), on-site service providers (OSP)
and application service providers (ASP).
"ART is the nation's first broadband IPSP to offer existing ISPs,
OSPs and carriers a cost-effective, carrier-class, very high speed
metropolitan area access solution," said Robert McCambridge, president
and COO of ART. "ART's pure-IP, broadband networks open up the
bottleneck in the last mile by providing a 100 Mbps link between
businesses' high speed LANs and the lightening-speed WANs that
transverse the United States."
"As our strategic partner, ART's broadband metropolitan area
networks are part of Qwest's local broadband access strategy that
allow us to extend our high-speed Internet network to the end user,"
said Augie Cruciotti, Qwest's senior vice president of Qwestlink.
"Using ART's local network, we plan to provide mid-size businesses
with up to 100 Mbps of high-speed access to support the use of
broadband applications and services."
With plans to roll out a total of 40 markets over the next few
years, ART plans to manage its national footprint from regional
centers in Los Angeles (Western region), Washington D.C. (Northeastern
region), Houston (Southern region), and its headquarters in Bellevue,
Wash. (Northwestern region).
ART's metropolitan area broadband network features Ethernet
routing and switching products supplied by Cisco Systems Inc., along
with broadband wireless radios configured in a self-healing ring
architecture. The rings link commercial office buildings together
creating a fully redundant network capable of providing 200Mbps of
total bandwidth on its bi-directional paths. As a Cisco Powered
Network(TM) service provider, ART has worked very closely with Cisco,
the worldwide leader in networking for the Internet, in designing and
implementing this unprecedented network infrastructure. ART has
selected Wireless Facilities Inc. (WFI) as its preferred vendor for
outsourcing services in support of its network deployment.
Morgan Stanley Dean Witter Vice President of Equity Research,
Peter Kennedy, said, "ART, in our view, is operating in one of the
fastest growing segments of the communications market -- providing
broadband local connectivity. While less then 40 percent of the
on-line business subscribers have broadband connectivity today, by
2002 we expect the number of on-line subscribers will more than double
led by a surge in demand for high-speed access. For example, we
estimate that by 2002 more than 70 percent of businesses will access
the Internet through some form of broadband connectivity. Based on our
forecasts, broadband access will nearly double from a $22B market in
1999 to a $42B market in 2002, and in our view fixed wireless should
take a meaningful portion of this growth."
About Advanced Radio Telecom
Advanced Radio Telecom Corp. (Nasdaq:ARTT), headquartered in
Bellevue, Wash., is a provider of local Internet Protocol (IP)
services at speeds up to 100Mbps. ART currently owns and operates
broadband wireless metropolitan area networks in San Jose, Seattle,
Portland, and Phoenix. ART has a strategic relationship with Qwest
Communications International Inc. (Nasdaq:QWST), which includes Qwest
Private Line, ART Broadband Services, Co-marketing and Co-location
agreements. ART investors include Qwest and a number of high tech
investment funds including Oak Investment Partners, MeriTech Capital
Partners, Accel Partners, Brentwood Venture Capital, Worldview
Technology Partners, Columbia Capital, Advent International, GE
Equity, KPN, Sonera, Bessemer Venture Capital, and Adams Capital
Management. ART has a nationwide footprint of 38GHz spectrum licenses
in the United States, and owns 26GHz and/or 38GHz spectrum licenses in
the United Kingdom and several Scandinavian countries. For more
information, please visit ART's web site at www.art-net.net.
The above information includes forward-looking statements
regarding network deployment, growth of the broadband communications
market and the role of fixed wireless in that market. These statements
are not guarantees of future performance. Known and unknown risks,
uncertainties, and other factors, including without limitation,
capital requirements and other financial risks, customer demand,
technological risks, the ability to meet financing conditions,
management of growth, ability to achieve Year 2000 compliance,
competition and government regulation may cause actual results to
differ materially from the future results implied or expressed in the
forward looking statements. Additional information about the most
significant of such factors is set forth in ART's most recent annual
report on Form 10-K. The Company does not undertake to update or
revise its forward-looking statements publicly even if experience or
future changes make clear that any projected results expressed or
implied herein will not be realized.
--30--RYG/se*
CONTACT: ART (Media Contact)
Jeanne Snell, 303/771-1666
media@art-net.net
or
ART (Investor Contact)
Brian Heagler, 425/990-1620
investor@art-net.net
KEYWORD: WASHINGTON
INDUSTRY KEYWORD: INTERNET PRODUCT TELECOMMUNICATIONS
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