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Thursday December 2, 9:04 am Eastern Time
Company Press Release
Advanced Radio Telecom Agreement with U.S. RealTel Provides Access to 1,000 Commercial Buildings in 28 States
BELLEVUE, Wash.--(BUSINESS WIRE)--Dec. 2, 1999--Advanced Radio Telecom Corp. (Nasdaq:ARTT - news), provider of broadband wireless Internet Protocol (IP) services, and Chicago-based U.S. RealTel Inc. (Nasdaq:USRT-OTC), one of the world's largest landlords of pre-leased telecommunications access sites, announced today a Master Sublease agreement that allows ART access to up to 1,000 commercial buildings in U.S. RealTel's (USRT) network of properties nationwide.
The Master Sublease agreement gives ART access to office and industrial buildings in 28 states. ART will now be able to access those buildings under one sublease, rather than hundreds of separate subleases, to build its broadband fixed wireless and fiber network nationwide. Tenants within the properties can benefit from ART's unprecedented 100Mbps IP services.
``Being able to tap into USRT's Telecom Grid(TM) will help to expedite the national rollout of our broadband wireless IP network,' said Robert McCambridge, interim president, CEO, and CFO of ART. ``This national agreement helps us to target the communications-intensive businesses that are located in USRT properties to offer our high-speed data access services.'
USRT markets rooftop and building access to more than 9,000 office, industrial, retail and residential properties through the USRT Telecom Grid. The agreement gives ART the ability to incorporate USRT's commercial properties into its broadband fixed wireless/fiber network in Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.
``Tenants are increasingly demanding advanced telecommunication services like high-speed Internet access,' said Charlie McNamee, president of USRT's Occupant Services Division. ``The simplicity of the Master Sublease agreement allows ART to reach out to the market to provide these types services.'
About U.S. RealTel
Founded in 1997, USRT has amassed one of the nation's largest networks of properties available to telcos through one landlord. Through the USRT Telecom Grid, USRT markets telecom access for thousands of properties across the United States and in South America. The USRT Telecom Grid in the United States includes more than 60 million square feet of office space, 450 million square feet of retail space, 20 million square feet of industrial space, and 365,000 apartment units. For more information, please visit USRT's website at www.usrealtel.com.
About Advanced Radio Telecom
Advanced Radio Telecom Corp. (Nasdaq:ARTT - news), 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 with plans to expand to 40 of the top 50 U.S. markets in the next few years. ART has a strategic relationship with Qwest Communications International Inc. (Nasdaq:QWST - news), 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 site access and network deployment. 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, 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.
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Contact:
ART
Jeanne Snell, 303/771-1666 (media)
media@art-net.net
or
Brian Heagler, 425/990-1620 (investors)
investor@art-net.net
or
U.S. RealTel
Jam Stewart, 312/372-6042
jamba@citigatedr-chi.com |
