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Technology Stocks : Winstar Comm. (WCII)

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To: silicon warrior who wrote (11868)3/22/2000 12:37:00 PM
From: DubM  Read Replies (1) of 12468
 
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Wednesday March 22, 12:04 pm Eastern Time
Company Press Release
Winstar Granted Additional Spectrum by FCC in Major Markets
Licenses Granted for Boston, Chicago, Cleveland, Denver, Detroit, Kansas City, Milwaukee, Minneapolis, Phoenix, Pittsburgh and San Diego
NEW YORK--(BUSINESS WIRE)--March 22, 2000-- WINSTAR COMMUNICATIONS, INC. (NASDAQ: WCII - news) today announced that it has been granted additional licenses in the 38 GHz spectrum by the Federal Communications Commission. Two new channels were granted to Winstar on the basis of previously filed applications in each of the following major markets: Boston, MA; Chicago, IL; Cleveland, OH; Denver, CO; Detroit, MI; Kansas City, MO; Milwaukee, WI; Minneapolis, MN; and Phoenix, AZ. One new channel was granted in Pittsburgh, PA and San Diego, CA. Winstar is the largest holder of 38 GHz spectrum in the United States, with extensive bandwidth coverage in all of the top 60 U.S. markets.

As a result of the new grants, Winstar has now increased the amount of its spectrum in these markets to the following: Boston--800 MHz; Chicago--900 MHz; Cleveland--700 MHz; Denver--900 MHz; Detroit--800 MHz; Kansas City--800 MHz; Milwaukee--800 MHz; Minneapolis--900 MHz; Phoenix--900 MHz; Pittsburgh--700 MHz; and San Diego--500 MHz.

The new licenses cover more than 54 million channel pops, increasing Winstar's total license coverage to approximately 1.3 billion channel pops. In total, Winstar's licenses cover approximately 292 million people, and approximately 80% of the business market.
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