Winstar Receives FCC Approval for Spectrum License Renewals
NEW YORK--(BUSINESS WIRE)--Sept. 19, 2001--Winstar Communications, Inc. today announced that the Federal Communications Commission (FCC) renewed 26 spectrum licenses in the 39 GHz band.
In a first round review, the FCC examined 26 Winstar renewal applications and granted all of them.
The renewals were granted in the following cities:
Austin, TX; Baltimore, MD; Baton Rouge, LA; Birmingham, AL (2 licenses); Chattanooga, TN; Denver, CO; Detroit, MI; Flint, MI; Harrisburg, PA; Los Angeles, CA; Louisville, KY; Memphis, TN; Milwaukee, WI; Mobile, AL; New York, NY; Phoenix, AZ; Saginaw, MI; Shreveport, LA; Springfield, MA; Syracuse, NY; Tampa, FL (2 licenses); Toledo, OH (2 licenses).
"The FCC decision to renew our 26 licenses underscores the fact that Winstar met the federal government's substantial service obligations, signaling confidence that the 39 GHz service we are supplying is growing and operating in the public interest," said William J. Rouhana, chairman and chief executive officer of Winstar. "We remain committed to providing high quality service and satisfaction to our customers."
Statements in this release contain forward-looking information about management expectations, strategic objectives, business prospects, anticipated financial or operational performance, and other similar matters. These statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties. A variety of factors, many of which are beyond Winstar's control, could cause actual results and experience to differ materially from the expectations expressed in these statements. These factors include, but are not limited to, volatility in the financial and capital markets and the impact on access to and the terms of additional capital, actions and initiatives by current and potential competitors, events or circumstances impacting major customers, suppliers or financing sources, the effect of current and future legislation or regulation, the ability of the company to design and construct its broadband network and to sell and provision services, and additional factors described in the reports filed by Winstar with the Securities and Exchange Commission (SEC), including Winstar's Annual Report on Form 10-K for the year ended December 31, 1999, which is available on the SEC's Web site, at www.sec.gov. Winstar undertakes no responsibility to update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Winstar and Office.com are registered trademarks of Winstar Communications, Inc.
CONTACT:
Winstar Communications, New York
Financial Community:
Daniel Briggs, 212/792-9032
dbriggs@winstar.com |
