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To: SteveG who wrote (3573)	1/27/1998 10:03:00 PM
From: SteveG	Read Replies (1) \| Respond to of 12468

<A> Advanced Radio Telecom Enters into Agreement to Enhance Density of National Coverage BELLEVUE, Wash. -- Advanced Radio Telecom Corp. (ART) (Nasdaq: ARTT) today announced that it has entered into a definitive agreement with DCT Communications, Inc. (DCT) to acquire 49 additional 38 GHz licenses covering a population of approximately 63 million. With this acquisition, ART will increase its spectrum density in 28 of the top 50 markets. Following completion of this and previously announced spectrum acquisitions, ART's nationwide footprint will include: * 358 channels covering 210 markets, including 49 of the top 50 and 90 of the top 100; * population coverage of over 186 million; * multiple channels in 84% of its markets with 300 MHz of spectrum in 21 of the top 50 cities; * a domestic channel population of over 371 million (the sum of the population covered by each channel owned); * licenses covering four European countries (UK, Sweden, Norway and Denmark) with an aggregate population of over 77 million. ART will acquire all of the outstanding shares of DCT in exchange for registered shares of ART common stock with a value of approximately $28 million, subject to adjustment based upon the trading price of ART shares at the time of closing. The transaction is subject to various closing conditions, including approval by the Federal Communications Commission. "This spectrum acquisition significantly strengthens ART's already impressive nationwide coverage and channel density," said Henry C. Hirsch, Chairman, CEO and President. "As we build out our new broadband data networks in selected metropolitan areas, ART is now even better positioned to serve a diverse set of customers who have substantial data communications requirements and take full advantage of existing and newly emerging technologies." Advanced Radio Telecom is a nationwide telecommunications company providing rapidly deployable, reliable, wireless broadband local communications services, which can connect customers to fiber optic and other telecommunications networks. ART is addressing the growing demand for high-capacity, high-speed data communications services for business and government customers who need cost-effective, high bandwidth local access to voice, data, video, and Internet services. Further information is available on ART's Website located at www.artelecom.com. Any forward looking statements including, without limitation, statements regarding potential license acquisitions and new technologies, are not guarantees of future performance. The agreement with DCT is subject to various significant closing conditions, and there can be no assurance that the transaction with DCT, or ART's other pending acquisitions of licenses, will be consummated. Known and unknown risks, uncertainties and other factors may cause actual results to differ materially from those in forward looking statements. Information about such factors is set forth in ART's Annual Report on Form 10-K.