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To: Anthony Wong who wrote (8739)	2/12/1999 1:32:00 AM
From: Satellite Mike	Read Replies (2) \| Respond to of 10227

This tower deal is a brilliant move by NXTL. They not only are paid a hefty sum of money for built towers, but now have a couple thousand towers built for them. This is every bit as interesting as the Nextel Online announcement. I would think this could make them far more cash flow positive than Sprint PCS. Will be very interesting to see the reaction tomorrow. I see Asia is up again tonight! Mike

To: Anthony Wong who wrote (8739)	2/12/1999 11:52:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 10227

Geotek To Sell FCC Licenses To Nextel Business Wire February 12, 1999, 11:11 a.m. ET Business Editors MONTVALE, NJ--(BUSINESS WIRE)--Feb. 12, 1999--Geotek Communications, Inc. (OTC:GOTKQ), announced today that it has agreed to sell all of its 191 900 MHz licenses to Nextel Communications, Inc. ("Nextel") for a purchase price of $150 million. The sale is subject to Bankruptcy Court and regulatory approvals, including, inter alia, the modification to, or vacation of, a Consent Decree between, among others, Nextel and The United States of America, which limits Nextel's ability to acquire certain of Geotek's FCC licenses. Geotek filed for Chapter 11 protection in June 1998. The sale of its 900 MHz licenses to Nextel is part of its plan to pursue the orderly wind-down of its operations and liquidation of its assets. Geotek's equity holders are not expected to receive any distributions pursuant to the Company's plan of liquidation or reorganization. --30--kam/ny* CONTACT: Investor Relations 201-930-9305 KEYWORD: NEW JERSEY INDUSTRY KEYWORD: TELECOMMUNICATONS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com