To: Steven Bowen who wrote (2882 ) 11/13/1997 1:16:00 PM From: DubM Respond to of 12468
----------------------------------------------------------------------- Thursday November 13, 10:52 am Eastern Time Company Press Release Charles T. Dickson Joins WinStar As Executive Vice President And Chief Financial Officer NEW YORK--(BUSINESS WIRE)--Nov. 13, 1997--WINSTAR COMMUNICATIONS, INC. (NASDAQ - WCII) today announced that Charles T. Dickson, 43, will become Executive Vice President and Chief Financial Officer of WinStar, effective December 8, 1997. For the last four years, Dickson has served as Chief Financial Officer of NextLevel Systems, Inc. (formerly General Instrument Corporation), a $2-billion world leader in providing equipment and services for advanced broadband networks. ''Charlie Dickson is a telecommunications veteran with extensive financial experience,'' said Nathan Kantor, WinStar President and Chief Operating Officer. ''He will be a great asset to WinStar as our company continues to grow in size and complexity.'' Dickson will report to Kantor and be based in WinStar's corporate headquarters in New York. Before joining NextLevel Systems, Dickson was a senior financial executive at MCI Communications Corporation [Nasdaq:MCIC - news] from 1984 to 1993. In his last assignment at MCI, he was Vice President, Finance and Administration, for the $2.4-billion National Accounts Division, which served the company's largest business customers. Prior to that, Dickson held similar positions with other MCI divisions in Denver and New York and also served in the company's corporate financial and regulatory departments. He received a B.A. degree from Clark University and a master's degree in public policy from the University of California at Berkeley. Dickson succeeds Fredric von Stange, who is retiring from WinStar, where he was part of the founding management team. ''I thank Fred for his tireless efforts in creating WinStar's financial organization and providing the financial expertise necessary to launch a dynamic company,'' said William J. Rouhana, Jr., WinStar Chairman and Chief Executive Officer. ''He played a critical role in shaping WinStar's vision and spearheaded efforts to raise the capital required to fund our company through its formative years.'' WinStar Communications, Inc. is a national local communications company, serving business customers, long distance carriers, fiber-based competitive access providers, mobile communications companies, local telephone companies, and other customers with broadband local communications needs. The company provides its Wireless Fiber(SM) services using its licenses in the 38 GHz spectrum. The company also provides long distance and information services. WinStar is a registered trademark and Wireless Fiber is a service mark of WinStar Communications, Inc.