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To: zx who wrote (1573)	4/23/1999 12:40:00 PM
From: zx	Respond to of 2341

fcc pcs aution closes. wireless licenses- opened pmpt call. have lwin shares. That is not to say there weren't a few deep-pocketed bidders who cleaned up. Omnipoint Communications Inc. [OMPT], bidding as OPCS Three LLC, was one big winner. Omnipoint won 34 licenses, many of them in Northern Midwest states such as Michigan, Indiana, and Ohio. The company's largest markets were Detroit and St. Louis. Omnipoint, which had chased Chicago and Dallas in the early rounds, also won licenses covering 1.4 million pops in the Chicago major trading area, which will give it some benefits from Cook Inlet/Voicestream PCS' Chicago system. Overall, Omnipoint said it won 18.9 million pops at an overall price of $2.39 per pop. Qualcomm Inc. [QCOM] spinoff Leap Wireless International Inc. [LWIN] bid a total of $18.7 million for 36 licenses scattered widely across the western United States. Leap won small to mid-sized markets from Alaska to Kansas, but nothing east of the Mississippi. Leap calculated its overall per-pop cost as a bargain basement $1.66, in keeping with the flat-rated "Cricket" service model it introduced in Chattanooga, Tenn., earlier this year. On the other hand, Leap was allowed to participate in the auction conditionally, since the FCC has still not decided whether it qualifies as a designated entity (DE). The company noted that it can actually receive its licenses only if the FCC grants it DE status.