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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: DreamWeaver who wrote (644)	8/27/1999 9:07:00 AM
From: SteveG	Read Replies (1) \| Respond to of 1860

"WinStar Expands European Footprint With Spectrum Grant in Germany" biz.yahoo.com Grant Includes Hamburg and Cologne, Two of WinStar's 50 International Target Markets NEW YORK--(BUSINESS WIRE)--Aug. 27, 1999--WinStar Communications, Inc. (NASDAQ: WCII - news) announced today that it has been awarded a spectrum grant for two of Germany's largest business markets, Hamburg and Cologne. WinStar is the only major U.S.-based fixed wireless carrier to receive spectrum in any of Germany's leading business centers. WinStar paid a nominal license fee for these grants, which are in the 26 GHz band and are designated for use with point-to-multipoint technology. William J. Rouhana, Jr., WinStar's chairman and chief executive officer, said, ''With this award, WinStar is one step closer to completing its plan to offer services to the 25 most important commercial centers across Europe.'' In December 1998, WinStar announced it would expand to a total of 50 targeted markets outside the U.S. within five years. To date, WinStar has been granted spectrum in ten of its top 50 international markets, including four of the top ten: Tokyo - #1, Osaka - #2, London - #4 and Buenos Aires - #8. In addition, WinStar has obtained spectrum in Hamburg - #20, Cologne - #25, Birmingham - #29, Manchester - #30, Amsterdam - #45 and Rotterdam - #46. WinStar Communications, Inc. is a pioneer in providing business customers with broadband communications services, including local and long distance phone service, as well as high-speed Internet access, data and information services. WinStar provides these Wireless Fiber(SM) services in more than 30 U.S. markets over its own local broadband networks, using its licenses in the 28 and 38 GHz spectrum, which are connected to the company's nationwide fiber-optic network. In addition, the company offers Wireless Fiber services in two markets outside the U.S. In the past year, WinStar has become one of the largest Internet companies in the U.S. Recently, the company announced a destination Web site for businesses, Office.com(SM), a service from WinStar.