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Teligent announces two-for-one stock split
VIENNA, VA., March 21, 2000 - Teligent, a global leader in broadband communications, today announced that the company's board of directors has authorized a two-for-one stock split. The stock split is subject to shareholder approval of an amendment to the company?s certificate of incorporation authorizing an increase in the number of shares of Teligent common stock.
The proposed amendment will be presented to shareholders at the company?s annual meeting on May 25. The split would be effected as a 100% stock dividend. Teligent?s board of directors will set the record date and payment date for the stock distribution.
About Teligent
Based in Vienna, Va., Teligent, Inc. (NASDAQ: TGNT) is a global leader in broadband communications offering small and medium-sized business customers local, long distance, high-speed data and dedicated Internet services over its digital SmartWave? local networks in 40 major markets throughout the United States. The company is working with international partners to extend its reach into Europe, Asia and Latin America. Teligent?s offerings of regulated services are subject to all applicable regulatory and tariff approvals. |
