TGNT (Teligent) +4: strong broadband stock, reports next wk.
Wednesday July 28, 8:19 am Eastern Time
Company Press Release
Teligent Brings Big Bandwidth and Big Savings to Small and Mid-Sized Businesses in Phoenix
VIENNA, Va.--(BUSINESS WIRE)--July 28, 1999--Teligent, an integrated communications company, today launched lower cost, high bandwidth communications services in Phoenix, the market recognized for the past two years as the nation's top entrepreneurial 'hot spot.'
With its advanced, digital SmartWave(TM) technology, Teligent offers customers savings of up to 30 percent on local, long distance, high-speed data and Internet access services. Teligent gives smaller businesses the higher network speed and capacity - up to 45 megabits per second - they need to compete.
With the addition of the Phoenix market, Teligent now serves business customers in 29 of the nation's top metropolitan areas.
''Today's service launch means the small and mid-sized businesses driving Phoenix's entrepreneurial growth now have access to the communications power and cost savings typically reserved for big businesses,'' said Teligent Chairman and Chief Executive Officer Alex J. Mandl. ''Teligent offers smaller companies the bandwidth they need to break into the world of the Internet and e-commerce. Teligent puts smaller businesses on the e-map.''
Unlike many other new communications companies, Teligent is building its own local networks - not simply reselling services over the old local phone networks.
''In a city growing as fast as Phoenix, small and mid-sized businesses need 'bigger pipes' to give them the reliable service and efficient speed that will drive their businesses in a competitive marketplace,'' said Teligent President and Chief Operating Officer Kirby G. Pickle, Jr.
Noting that Phoenix has been named the nation's top entrepreneurial ''hot spot'' for the past two years by Cognetics, Inc., a Massachusetts research firm, Pickle added: ''Teligent delivers the savings, the service and the speed to make the country's top entrepreneurs even hotter.''
Teligent service is now available in: New York, Los Angeles, Chicago, Houston, Philadelphia, Dallas-Fort Worth, San Diego, San Antonio, San Jose, San Francisco-Oakland, Baltimore, Jacksonville, Milwaukee, Washington DC, Boston, Austin, Denver, Atlanta, Miami-Fort Lauderdale, Orlando, Tampa, Richmond, West Palm Beach, Wilmington, Del., New Orleans, Sacramento, Cleveland, Seattle and Phoenix.
Together, those 29 markets comprise more than 467 cities and towns with a combined population of more than 85 million. By year-end, Teligent expects to offer service in 40 markets across the country.
For Philadelphia-based law enforcement firm United States Extradition Service, Teligent is exactly what the company was looking for in a communications provider. The company wanted the kind of service, attention and lower prices that until now had been offered only to bigger companies.
''Teligent came through our door with an offer we couldn't refuse,'' said Deputy Director Teresa Jimenez of United States Extradition Services. ''Unlike our previous phone company, Teligent is responsive to our needs. We have the services that help our business run effectively at a price that saves us money.''
Teligent offers small and medium-sized companies a flat monthly bill for local and Internet services, with savings of up to 30 percent off the rates they pay their local phone or Internet service providers. To qualify for the maximum discount, customers switch their existing service - local or Internet - and sign up with Teligent for a minimum of one year.
Teligent averages representative bills from the customer's current carriers and deducts up to 30 percent. That figure becomes the customer's new flat monthly rate. In most cases, it's that simple to qualify for unlimited local and Internet service.
Teligent offers long distance service at a single, ''per minute'' price. When customers install local, Teligent deducts up to an additional 30 percent off the already low per-minute long distance price. Prices for long distance calls within a state may vary in some states.
Teligent recently introduced a new high-speed data service for cost-conscious customers - SmartWave DSL(TM). Using advanced ''digital subscriber line'' (DSL) electronics to enhance the copper circuits inside customer buildings, Teligent's new service will enable smaller businesses to take advantage of high-speed Internet access at prices starting at $149 a month.
Initially, the service will be available in selected buildings in approximately one-third of Teligent's 29 markets, with other markets following later this summer and fall.
Teligent also gives customers e-magine(SM), an interactive, Web-based business management tool that transforms a customer's communications bill into a simple, predictable package. Using their Internet browser, customers can access their billing and account information anytime they choose.
e-magine(SM) allows them to sort and analyze calls by account code, originating number or other criteria virtually any way they like. And they can download data for their own use - every day. That means they won't have to wait for a paper bill to arrive in the mail every month to keep abreast of their communications activity.
Integrating advanced point-to-multipoint and point-to-point microwave radio equipment with traditional broadband wireline technology, Teligent's SmartWave(TM) networks offer customers the advantages of lower costs and greater flexibility.
SmartWave(TM) technology is configured to manage both voice and data traffic with equal ease, ensuring that Teligent can handle today's huge volume of voice traffic and at the same time is prepared for the coming data traffic explosion.
Teligent delivers its fixed wireless service by installing small antennas on the roofs of customer buildings. When a customer picks up a telephone, accesses the Internet or activates a videoconference, the signal travels over inside wiring to the rooftop antenna. The customer building antenna then relays the voice, data or video signals to a Teligent base station antenna.
The base station antenna gathers signals from a cluster of surrounding customer buildings, aggregates the signals and then routes them to a Teligent broadband switching center. At the switching center, Teligent uses ATM (asynchronous transfer mode) switches and data routers along with Nortel DMS switches to hand off the traffic to other networks - the public circuit-switched voice network, the packet-switched Internet, and private data networks.
Teligent's service offering is supported by a skilled communications workforce that has grown to 2,300 employees. Teligent teams now are deployed in 50 markets across the country, building Teligent's local communications networks.
Teligent's new office is located at: 7850 South Hardy Drive, Suite 122 Tempe, Arizona 85284 602/598-0401
Based in Vienna, Va., Teligent, Inc. (NASDAQ:TGNT - news) is a full-service, integrated communications company that is offering small and medium-sized business customers local, long distance, high-speed data and dedicated Internet services over its digital SmartWave(TM) local networks in 29 major markets.
Eventually, Teligent will expand service to 74 major metropolitan areas throughout the United States. Teligent's offerings of regulated services are subject to tariff approval.
For more information, visit the Teligent website at: www.teligent.com
Teligent and SmartWave are trademarks of Teligent, Inc.
Except for any historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, key employee, vendor, competitive, governmental, regulatory and technological factors affecting the company's growth, operations, markets, products, services, licenses and other factors discussed in the company's filings with the Securities and Exchange Commission.
Actual results may vary materially due to these and other risks and uncertainties. |
