(COMTEX) ADVANCED RADIO TELECOM: ART to deploy broadband wireless IP networks in 10
markets in 2000
JAN 5, 2000, M2 Communications - BELLEVUE, WASH. -- Advanced Radio
Telecom Corp. (ART) [NASDAQ:ARTT], the first broadband Internet
Protocol service provider (IPSP), announced today that it will build
high-speed, IP metropolitan area networks in 10 markets in 2000
including Boston, Dallas, Houston, Los Angeles, New York, Orange
County, Calif., Phoenix, San Diego, Seattle, and Washington D.C.
ART offers 100Mbps Internet access service to businesses in San Jose,
Calif., and plans to deploy its broadband wireless metropolitan area IP
network to provide IP services to Internet service providers (ISP),
interexchange carriers (IXC), on-site service providers (OSP) and
application service providers (ASP).
"ART is the nation's first broadband IPSP to offer existing ISPs,
OSPs and carriers a cost-effective, carrier-class, very high speed
metropolitan area access solution," said Robert McCambridge, president
and COO of ART. "ART's pure-IP, broadband networks open up the
bottleneck in the last mile by providing a 100 Mbps link between
businesses' high speed LANs and the lightening-speed WANs that
transverse the United States."
"As our strategic partner, ART's broadband metropolitan area networks
are part of Qwest's local broadband access strategy that allow us to
extend our high-speed Internet network to the end user," said Augie
Cruciotti, Qwest's senior vice president of Qwestlink. "Using ART's
local network, we plan to provide mid-size businesses with up to 100
Mbps of high-speed access to support the use of broadband applications
and services."
With plans to roll out a total of 40 markets over the next few years,
ART plans to manage its national footprint from regional centers in Los
Angeles (Western region), Washington D.C. (Northeastern region),
Houston (Southern region), and its headquarters in Bellevue, Wash.
(Northwestern region).
ART's metropolitan area broadband network features Ethernet routing
and switching products supplied by Cisco Systems Inc., along with
broadband wireless radios configured in a self-healing ring
architecture. The rings link commercial office buildings together
creating a fully redundant network capable of providing 200Mbps of
total bandwidth on its bi-directional paths. As a Cisco Powered
Network(tm) service provider, ART has worked very closely with Cisco,
the worldwide leader in networking for the Internet, in designing and
implementing this unprecedented network infrastructure. ART has
selected Wireless Facilities Inc. (WFI) as its preferred vendor for
outsourcing services in support of its network deployment.
Morgan Stanley Dean Witter Vice President of Equity Research, Peter
Kennedy, said, "ART, in our view, is operating in one of the fastest
growing segments of the communications market - providing broadband
local connectivity. While less then 40 percent of the on-line business
subscribers have broadband connectivity today, by 2002 we expect the
number of on-line subscribers will more than double led by a surge in
demand for high-speed access. For example, we estimate that by 2002
more than 70 percent of businesses will access the Internet through
some form of broadband connectivity. Based on our forecasts, broadband
access will nearly double from a $22B market in 1999 to a $42B market
in 2002, and in our view fixed wireless should take a meaningful
portion of this growth."
About Advanced Radio Telecom
Advanced Radio Telecom Corp. [NASDAQ:ARTT], headquartered in
Bellevue, Wash., is a provider of local Internet Protocol (IP) services
at speeds up to 100Mbps. ART currently owns and operates broadband
wireless metropolitan area networks in San Jose, Seattle, Portland, and
Phoenix. ART has a strategic relationship with Qwest Communications
International Inc. [NASDAQ:QWST], which includes Qwest Private Line,
ART Broadband Services, Co-marketing and Co-location agreements. ART
investors include Qwest and a number of high tech investment funds
including Oak Investment Partners, MeriTech Capital Partners, Accel
Partners, Brentwood Venture Capital, Worldview Technology Partners,
Columbia Capital, Advent International, GE Equity, KPN, Sonera,
Bessemer Venture Capital, and Adams Capital Management. ART has a
nationwide footprint of 38GHz spectrum licenses in the United States,
and owns 26GHz and/or 38GHz spectrum licenses in the United Kingdom and
several Scandinavian countries. For more information, please visit
ART's web site at www.art-net.net.
The above information includes forward-looking statements regarding
network deployment, growth of the broadband communications market and
the role of fixed wireless in that market. These statements are not
guarantees of future performance. Known and unknown risks,
uncertainties, and other factors, including without limitation, capital
requirements and other financial risks, customer demand, technological
risks, the ability to meet financing conditions, management of growth,
ability to achieve Year 2000 compliance, competition and government
regulation may cause actual results to differ materially from the
future results implied or expressed in the forward looking statements.
Additional information about the most significant of such factors is
set forth in ART's most recent annual report on Form 10-K. The Company
does not undertake to update or revise its forward-looking statements
publicly even if experience or future changes make clear that any
projected results expressed or implied herein will not be realized.
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(C)1994-2000 M2 COMMUNICATIONS LTDCONTACT: Jeanne Snell, ART
Tel: +1 303 771-1666
e-mail: media@art-net.net
Brian Heagler, ART
Tel: +1 425 990-1620
e-mail: investor@art-net.net
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