Metrocall Successful in Auctions for 929 and 931 Spectrum; Wireless Data andMessaging Leader is Top Bidder for 145 Parcels
Tue Mar 07 08:01:00 EST 2000
ALEXANDRIA, Va., Mar 7, 2000 /PRNewswire via COMTEX/ -- Metrocall, Inc.
(Nasdaq: MCLL) today announced that it secured, through FCC auction, the rights
to 929 and 931 frequency spectrum, successfully winning 145 parcels throughout
the country.
Metrocall paid $681,800 for the frequency spectrum and owns the rights for ten
years. The company, including its wireless messaging acquisitions, currently
utilizes the bulk of the spectrum secured.
"The results of the March 2 auction will enable Metrocall to improve upon its
existing network systems without first petitioning for FCC approvals," said
Steven D. Jacoby, chief operating officer of Metrocall. "It will also provide us
with the unencumbered ability to upgrade our network for either technical or
economic purposes."
Ken Goldstein, Metrocall's senior vice president of engineering, headed the
auction team.
"I could not be happier with the results of the FCC auction, which now gives us
the ability to redesign our systems at will, without any slowdown or limitation
because of licensing issues," Goldstein said. "We now have the freedom to go
forward with sales and marketing efforts, as well as site industry consolidation
through which we can leverage our size and scale for site rents," he concluded.
Metrocall, Inc., headquartered in Alexandria, VA, is one of the largest wireless
data and messaging companies in the United States serving more than six million
(pro forma with recently announced acquisition of NationPage) subscribers. In
addition, Metrocall is an authorized provider of AT&T Wireless digital phones.
For more information on Metrocall, please visit www.metrocall.com or AOL
Keyword: Metrocall.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
The statements contained in this release which are not historical facts, such as
those concerning future financial performance and growth, are forward- looking
statements that are subject to risks and uncertainties, including factors
affecting the Company's business generally, as well as those identified in
Metrocall's Annual Report on Form 10-K, and in Metrocall's periodic reports
under the Securities and Exchange Act of 1934, and could differ materially from
set forth in the forward-looking statements.
SOURCE Metrocall, Inc. |
