>Nice mention of Teligent by George Guilder in the latest issue of Forbes
must be getting more national exposure. here's an excerpt from today's washington post on next week's fcc local multipoint distribution system (lmds) auction. brief mention of teligent along with the other bidders.
on the sidelines,
-chris.
washingtonpost.com
In Next FCC Auction, the Wealthy Will Get the Discounts
"Among the companies getting the bidding preferences:
WNP Communications Inc., the biggest potential bidder after making a
$100 million down payment to the FCC, will get a 45 percent discount off the licenses it wins. The bidding group is composed of seven venture capital funds. Many of those funds had invested money with entrepreneurs in previous auctions, but this time they are avoiding the middleman and bidding directly. They include former Virginia Senate candidate Mark Warner's Columbia Capital Corp., Chase Manhattan Venture Fund of New York and Providence Ventures of Rhode Island.
BCK/RIVGAM LLC, a group backed by Mario Gabelli, one of the world's biggest mutual fund managers, also gets to chop 45 percent off the
price of its licenses.
Teligent Inc., a publicly traded wireless communications company with a market value of more than $1 billion, qualifies for a 35 percent discount off any licenses it wins. Founded by veterans of the cellular business whose collective worth easily tops $1 billion, Teligent earlier got dozens of similar licenses free of charge, before the FCC began auctions in 1994. Teligent is the Vienna company that hired former AT&T president Alex Mandl for salary and stock options worth hundreds of millions of dollars.
WinStar Communications Inc., another publicly traded wireless data firm, with hundreds of employees in Northern Virginia, gets a 25 percent bidding discount. Like Teligent, WinStar also received its initial licenses at no cost from the FCC." |
