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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: James Fink who wrote (4723)	3/26/1998 5:49:00 PM
From: Tom Markowski	Respond to of 12468

Not sure if this was posted. Tom WinStar Wins 15 LMDS Licenses in FCC Auction BusinessWire, Thursday, March 26, 1998 at 16:57 NEW YORK--(BUSINESS WIRE)--March 26, 1998-- 171 Million New Channel Pops Bring Total to Over 1 Billion Bandwidth in Top 50 Markets Now Averages More than 700 MHz WinStar Remains Only National Provider of Fixed Wireless Broadband Telecom Services to all Top 50 Markets WinStar Communications, Inc. (NASDAQ -WCII) commented today on the results of the recently completed LMDS auction. WinStar won a total of 15 LMDS licenses covering 171 million channel pops (population times the number of 100 MHz equivalent channels) bringing the company's total channel pops to over one billion. WinStar was the high bidder for the A Block, a 1,150 MHz channel, covering 8 of the top 50 markets including: Oakland, San Francisco, Norfolk, San Jose, Orlando, New Orleans, Salt Lake City and Greensboro. As a result, WinStar's spectrum holdings now average over 750 MHz in the top 30 markets and approximately 740 MHz in the top 50 markets. WinStar Chairman and Chief Executive Officer, William J. Rouhana, Jr., said today, "We are extremely pleased by the outcome of the LMDS auction. In addition to obtaining spectrum in the markets we had targeted, no other company emerged from the auction with a national footprint of licenses or the ability to serve more than half of the top 50 U.S. markets. This leaves WinStar as the only and most ubiquitous provider of fixed wireless broadband telecom services in this country's largest 50 markets." The LMDS licenses enable WinStar to utilize the 28 GHz spectrum, along with its existing bandwidth in the 38 GHz part of the spectrum, to provide high speed voice, data and video services to businesses and schools throughout the country. The company said the new licenses fill out its spectrum holdings in cities where it had not fully reached its bandwidth objectives. The company's net bid for the 15 licenses amounted to $43.4 million, after the receipt of a 25% bidding credit. Issuance of the LMDS licenses is subject to final FCC approval of the company's applications.