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Technology Stocks : Teligent -- Ignore unavailable to you. Want to Upgrade?

To: Steve Parrino who wrote (115)	6/22/1998 12:02:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 270

[Teligent Signs Building Access Agreement with CarrAmerica] Agreement gives Teligent opportunity to market communications services in 220 buildings in 15 metro areas VIENNA, Va.--(BUSINESS WIRE)--June 22, 1998-- Teligent, a new, integrated communications company, today announced that it has signed an agreement with one of the nation's largest real estate investment trusts giving Teligent the opportunity to serve customers in 220 buildings in 15 major markets across the country. The buildings comprise 17 million square feet of office space. The agreement with CarrAmerica Realty Corporation (NYSE:CRE) is the first of what Teligent expects will be many national leasing accords giving Teligent the chance to offer commercial tenants a real choice for their communications services, company officials said. ''Through this agreement, Teligent has the opportunity to reach more than 200 buildings in 10 states and the District of Columbia, significantly accelerating our ability to offer service to customers in these important markets,'' said Kirby G. ''Buddy'' Pickle, Jr., Teligent's president and chief operating officer. ''This is a breakthrough for Teligent, and it's a breakthrough for customers.'' Teligent intends to offer small and medium-sized business customers a low-cost, integrated package of local, long distance, high-speed data, Internet access and videoconferencing services over its own digital, fixed-wireless networks. Initial service will begin in at least ten markets during the second half of 1998. Teligent will reach customers by installing a small antenna, smaller than a personal computer, on the customer's rooftop. The company will use existing or newly installed inside wiring to connect the antenna to customers' telephone equipment, personal computers, data networks or videoconferencing facilities. The agreement with CarrAmerica covers the company's entire 20-million-square-foot portfolio of 270 buildings across the country. Of those, Teligent initially is targeting 220 buildings in markets where Teligent expects to launch commercial service in 1998 and 1999. CarrAmerica Managing Director of Operations, Philip L. Hawkins, said: ''Our customers are facing highly competitive business environments in a world where communications service is of the utmost importance. CarrAmerica is excited about the state-of-the-art capabilities and access provided for in this agreement.''