Here is thier last news release.
Monday August 31, 3:22 pm Eastern Time
Company Press Release
SOURCE: Teligent, Inc.
Teligent and U.S. RealTel Sign Major Building Access Agreement
VIENNA, Va., Aug. 31 /PRNewswire/ -- Teligent, an integrated communications company, and U.S. RealTel, Inc., the nation's largest landlord of telecommunications sites, today announced a national agreement giving Teligent the option to serve customers in U.S. RealTel properties across the country. The two companies said they have initially identified 51 office properties that Teligent intends to serve.
The agreement with U.S. RealTel is a master building access agreement that covers more than 200 commercial properties across the country.
''Our agreement allows Teligent access to hundreds of business tenants in properties across the country,'' said Jordan E. Glazov, president of U.S. RealTel, Inc. (Nasdaq: USRT - news). ''The agreement gives Teligent access to additional properties so it can provide new, state-of-the-art communications services. For U.S. RealTel, this represents the continued growth of our Occupant Services Group established earlier this year. For our properties, it adds yet another value-added service for tenants.''
Roy Mehta, Teligent vice president for implementation and planning, said: ''This agreement reflects our strategy to bring small and medium-sized businesses a choice for a full range of communications services -- local, long distance, high-speed data and Internet -- over our own digital, fixed wireless networks. The diversity of U.S. RealTel's portfolio gives us a significant number of new opportunities, and it will enable Teligent to bring better communications services to more customers at lower prices.''
The deal is U.S. RealTel's latest agreement with a telecommunications company to provide access to the company's vast national telecommunications portfolio. Founded in 1997, U.S. RealTel has amassed the nation's largest telecom real estate portfolio controlled by one landlord.
Teligent will reach customers by installing a small antenna, more compact 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.
About Teligent, Inc.
Based in Vienna, Va., Teligent, Inc. (Nasdaq: TGNT - news) is a full-service, integrated communications company that will offer small and medium-sized businesses local, long distance, high-speed data and Internet services over its own, digital wireless networks in 74 major metropolitan areas throughout the United States.
For more information, visit the Teligent Web site at: teligent.com
Teligent is a registered trademark.
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, key employee, competitive, governmental, regulatory and technological factors affecting the company's growth, operations, markets, products, services, licenses and other factors discussed in the company's filings with the Securities and Exchange Commission. Actual results may vary materially due to these and other risks and uncertainties.
About U.S. RealTel, Inc.
U.S. RealTel, Inc. is the nation's largest landlord of telecommunications sites. Based in Chicago, U.S. RealTel has a portfolio of 5,400 commercial, industrial and residential real estate properties under master lease throughout the United States comprising its USRT Telecom GridO. Included in the USRT Telecom Grid is more than 25 million square feet of office space, 205 million square feet of retail shopping malls, 4 million square feet of industrial space, 16 million square feet of commercial strip center space and 300,000 apartment units.
Using this network of properties, U.S. RealTel offers significant time and cost savings to telecom companies looking to place new antennas or gain telecom access to buildings' tenants, while providing considerable additional ancillary income to property owners, such as REITs, pension funds, property funds, developers, banks, retail and chain stores, restaurant franchises, utilities and governments.
For more information, visit the U.S. RealTel Web site at: usrealtel.com
The statements contained in this news release that are forward looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to competitive and other market factors, customer purchasing behavior, general economic conditions, technological advances, real estate trends, and other facets of the Company's business operations.
SOURCE: Teligent, Inc.
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