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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
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To: EdR who wrote (1966)5/7/1998 10:19:00 AM
From: James Fink   of 2063
 
Thursday May 7, 8:10 am Eastern Time

Company Press Release

SOURCE: CellularVision USA, Inc.

CellularVision USA Hires Wasserstein Perella & Co., Inc.; Firm Hired to Advise CVUS on Future Strategies

NEW YORK, May 7 /PRNewswire/ -- CellularVision USA, Inc. (Nasdaq: CVUS - news) announced today that they have retained Wasserstein Perella & Co., Inc.

Wasserstein Perella & Co., Inc. will serve to advise CVUS on its future strategic direction, including the possible sale of the company.

CellularVision USA, Inc. is the first Local Multipoint Distribution Service (LMDS) provider licensed by the FCC. This license grants CVUS 1,150 MHz of spectrum throughout the 1,100 square mile New York Primary Metropolitan Statistical Area, which encompasses approximately 8.6 million people. This equates to 98.9 million channel pops within the most dense population and business market in the country. CVUS service is not currently available in all parts of its licensed service territory. CVUS provides Super-Wireless high-speed Internet access and multichannel subscription television service to its customer base, and is authorized to provide local loop telephony and other telecommunications services in the state of New York.
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