Teligent Message Board - Msg: 2691710

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Technology Stocks : Teligent

TGNT 0.0380

-2.6%

Nov 7 9:30 AM EST

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To: TokyoMex who wrote (10)	11/11/1997 1:27:00 AM
From: SteveG	Read Replies (1) of 270

At one point it was tentatively scheduled for this week. Now I'm hearing probably next week. Related: NEW YORK, Nov 10 - Moody's Investors Service has assigned a Caa1 rating to Teligent, Inc.'s proposed $250 million senior notes due 2007 (with 3-year interest escrow) and $150 million (gross proceeds) senior discount notes due 2007. The ratings reflect the very early stage of the company's development, with the network build-out just commencing and only minimal revenue generation expected in 1998; the uncertain customer acceptance level of fixed-wireless telephony service; and the expectation of substantial network construction and heavy debt which will result in debt-to-EBITDA exceeding 5:1 for at least six years. rest at: biz.yahoo.com Steve

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