******NEWS ALERT********
To: SAM-DAN (591 )
From: Sprintcar ( Ignore ) Wednesday, Mar 31 1999 8:40PM ET
Reply # of 593
(BSNS WIRE) World Wide Wireless Communications, Inc. Welcomes News From
World Wide Wireless Communications, Inc. Welcomes News From MCI WorldCom,
Inc.
of Entry Into Wireless Internet Market
Business Editors/High-Tech Writers
SAN FRANCISCO--(BUSINESS WIRE)--March 31, 1999--World Wide
Wireless Communications, Inc. (OTC BB:WLGS) today welcomed the news
that MCI WorldCom has entered the wireless internet industry.
According to a story carried by Bloomberg on March 30, 1999, MCI
WorldCom acquired about $200 million in debt from several wireless
cable-television companies as part of a strategy to use the wireless
technology to provide Internet access and related services.
World Wide Wireless Communications which owns exclusive long-term
leases, with purchase options, to numerous similar wireless cable TV
licenses and has been in the process of developing and building out a
high speed wireless Internet system, today greeted the news of MCI
WorldCom's entry into the market with enthusiasm.
"We believe MCI WorldCom's apparent decision to join our new
industry (high speed wireless internet) is very positive for ourselves
and the other smaller companies already in the industry," commented
Douglas Haffer, president and chief executive officer of World Wide
Wireless Communications.
"In addition to confirming the economic viability of the high
speed wireless Internet technology, we expect that the MCI WorldCom's
entry into the industry will encourage vendor-competition in the
development of new hardware which will result in lower costs and
higher quality for our customers," he added.
World Wide Wireless Communications presently owns or is acquiring
rights to 12 MDS and ITFS licenses throughout the United States and
its territories. In addition, it has acquired specific reversionary
interests in an additional 31 such licenses.
"As one of the largest and certainly most innovative of the major
telephone companies." Haffer added, "The entry of MCI WorldCom into
the wireless internet field bodes well for the development of the
industry and for the viability of those well-positioned, and
relatively debt-free companies, already in the field." Haffer further
noted that World Wide Wireless Communications has no significant debt.
It was also reported by CNBC that Sprint Corporation, the
nation's third largest long-distance provider, may be interested in
acquiring Heartland Wireless Communications, Inc. another wireless
cable television provider.
In addition to its interests in high speed wireless Internet
licenses, World Wide Wireless Communications is also the assignee of
the rights to a patent currently pending in the United States Patent
Office for a new chipset technology, called "VDMA," which the company
expects to enjoy widespread application in the field of wireless
telephony.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. The statements contained in this release which are
not historical are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays beyond the company's
control, delays in development of products, and fluctuations in the
demand for products and services of the company.
--30--sdf/sf* aj/sf
CONTACT: World Wide Wireless Communications
Douglas Haffer, 415/956-9190
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
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