BusinessWire, Thursday, April 08, 1999 at 13:44
BOCA RATON, Fla.--(BUSINESS WIRE)--April 8, 1999--Siemens
Information and Communication Networks, Inc. has signed a $200 million
contract with Personal Communications Services (PCS) provider
Omnipoint Communications (NASDAQ:OMPT) for the supply of Siemens GSM
(Global System for Mobile Communications) infrastructure package. The
newly inked deal finalizes the letter of intent signed by the two
companies last December.
Under this arrangement, Siemens will provide equipment and
services for Omnipoint's PCS network for the next several years.
Omnipoint will install Siemens' D1900 GSM Mobile System - including
high capacity switches, base stations and Siemens' Intelligent Network
product INXpress -- to expand its New York network.
"This deal is the next stage of business development for Siemens
in the North American GSM marketplace. By utilizing Siemens' expertise
in GSM, Omnipoint will continue to accommodate its aggressive growth
rates," said Thorsten Heins, vice president and general manager of the
wireless division for Siemens Information and Communication Networks,
Inc.
"We're happy to have Siemens aboard as an integral and integrated
part of our business," said George Schmitt, president of Omnipoint
Communications. "One of the advantages of GSM is that operators can
mix and match equipment, giving them cost and feature benefits that
can be passed on to the consumer. Siemens equipment now will be an
important part of our network operations for the New York market and
other regions as we continue to grow."
Omnipoint Communications is a subsidiary of Omnipoint
Corporation, founded in 1987. Omnipoint currently provides advanced
wireless communications services in much of New York, New Jersey,
Connecticut, Eastern Pennsylvania, Delaware, Massachusetts, New
Hampshire, Rhode Island and Southern Florida.
Omnipoint is a founding member of the North American GSM
Alliance, a group of North America's leading digital wireless PCS
companies. Using GSM communications technology, Alliance companies
provide superior voice clarity, unparalleled security and leading-edge
wireless voice, data and fax features for nearly 3 million North
American customers. Other GSM Alliance operator members include:
Aerial Communications, Inc.; Airadigm Communications, Inc.; BellSouth
Mobility DCS; Conestoga Wireless Company; Cook Inlet PCS; DIGIPH PCS;
Microcell Telecommunications Inc.; NPI Wireless; Pacific Bell
Wireless; Powertel, Inc.; Western Wireless Corp.; and Wireless 2000
PCS.
Siemens, a vendor member of the GSM Alliance, offers wireless
communication systems for the entire spectrum of the North American
Personal Communications Services (1900 MHz) marketed under the D1900
GSM Mobile System brand family.
Siemens Information and Communication Networks Inc.,
headquartered in Boca Raton, Fla., is a leading provider of
information and telecommunications solutions to public network service
providers and enterprise customers in North America. The company is a
subsidiary of Siemens AG, a global business with $66 billion in sales
in the fiscal year ended September 1998. Home page:
www.icn.siemens.com.
Except for historical information contained herein, the matters
discussed and the statements made in this release concerning
Omnipoint's future prospects are "forward-looking statements" under
the Federal securities laws that involve risks and uncertainties.
There can be no assurance that future results will be achieved, and
actual results could differ materially from the forecast and
estimates. Important factors that could cause actual results to differ
materially include, but are not limited to, Omnipoint's limited
operating history, including a history of losses and the uncertainty
of future operating results, dependence upon cash flow from its
subsidiaries, high leverage, debt service requirements and restrictive
covenants related to its outstanding Senior Notes, the emerging market
for PCS service, the continued buildout of Omnipoint PCS markets,
significant capital requirements, and its dependence upon key
employees. Omnipoint's future results may be impacted by other risk
factors listed in its Registration Statement filed on Form S-3 on June
30, 1998, and other factors listed from time to time in its SEC
reports, including, but not limited to, the report on Form 10-K for
the year ended December 31, 1997.
Siemens is a registered trademark of Siemens AG.
INXpress is a trademark of Siemens AG.
CONTACT: Media Contacts:
Siemens, Boca Raton
Robert Bartolotta
561-955-3140
robert.bartolotta@icn.siemens.com
or
Siemens
Tom Phillips
561-955-3670
thomas.phillips@icn.siemens.com
For Siemens product information: 800-814-1680
or
Omnipoint
John Grotland
973-290-2453
jgrotland@omnipoint-pcs.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: COMED TELECOMMUNICATIONS
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Siemens (FSE:SIEG) unit awarded $200 mln PCS contract
Reuters, Thursday, April 08, 1999 at 14:29
BOCA RATON, Fla., April 8 (Reuters) - Siemens Information
and Communication Networks Inc. on Thursday was awarded a $200
million contract to provide equipment and service to personal
communications services provider Omnipoint Communications
(NASDAQ:OMPT).
The deal finalizes a letter of intent signed by the two
companies last December. Under the arrangement, Siemens, a unit
of German-based conglomerate Siemens AG, will supply its GSM or
Global System for Mobile Communications infrastructure package
to Omnipoint Corp.'s wireless operator.
Siemens Information, a provider of information and
telecommunications services and equipment to North American
customers, will provide the services for the next several
years.
Omnipoint will install the Siemens D1900 GSM Mobile System
-- including high-capacity switches, base stations and Siemens'
Intelligent Network product INXpress -- to expand its New York
network.
"This deal is the next stage of business development for
Siemens in the North American GSM marketplace. By utilizing
Siemens' expertise in GSM, Omnipoint will continue to
accommodate its aggressive growth rates," said Thorsten Heins,
vice president and general manager of the wireless division for
Siemens Information.
Omnipoint currently provides advanced wireless
communications services in much of New York, New Jersey,
Connecticut, eastern Pennsylvania, Delaware, Massachusetts, New
Hampshire, Rhode Island and southern Florida.
Copyright 1999, Reuters News Service
Companies or Securities discussed in this article:
Symbol
Name
FSE:SIEG
NASDAQ:OMPT
Omnipoint Corp |
