Roof rights:
WinStar to Provide Highwoods Properties With Advanced Broadband Telecommunications Services
Business Wire - May 24, 1999 06:30
NEW YORK--(BUSINESS WIRE)--May 24, 1999--
WinStar's Wireless Fiber(SM) Network and Services
to be Offered to More than 700 Additional Commercial
Office Buildings in the Southeast and Midwest
WINSTAR COMMUNICATIONS, INC. (NASDAQ: WCII) today announced that its Wireless Fiber(SM) service will be available in more than 700 buildings owned by HIGHWOODS PROPERTIES, INC. (NYSE: HIW), a leading Real Estate Investment Trust (REIT) with properties in the Southeast and Midwest. Under the terms of the agreement, WinStar will offer its advanced voice, data and Internet services to the more than 4,000 tenants in the Highwoods portfolio.
"Highwoods' agreement with WinStar will broaden the number of options for our customers when choosing a communications provider," said Dale Johannes, Highwoods' senior vice president responsible for Highwoods' Florida operations. "We are excited about our relationship with WinStar and look forward to their enhancement of our property-level amenity package."
"The commercial tenants in Highwoods' buildings will gain access to WinStar's wide range of advanced telecommunications capabilities," said Richard Uhl, president of WinStar for Buildings. "We are pleased that Highwoods, like other premier building owners across the country, recognizes the value of providing WinStar's end-to-end broadband connections to its tenants."
WinStar works with commercial building owners and managers to install unobtrusive dish antennae--about the size of a dinner plate--on building rooftops. This enables WinStar to provide these tenants with a range of state-of-the-art, cost-effective and reliable telecommunications services through its national end-to-end broadband network. Because the service is wireless and doesn't require streets to be excavated, buildings can be quickly connected to WinStar's fixed wireless network, giving tenants swift access to local and long distance voice services, high-speed Internet access, video conferencing, data applications and other advanced telecommunications and information services.
Highwoods Properties, Inc. is a fully integrated, self-administered real estate investment trust ("REIT") that provides leasing, management, development, construction and other tenant-related services for its properties and for third parties. The Company currently owns or has an interest in 735 office, industrial, retail and service center properties encompassing approximately 53.1 million square feet, including 52 development projects encompassing approximately 6.2 million square feet, and 2,325 apartment units. Highwoods also controls more than 2,000 acres of development land. Highwoods is based in Raleigh, North Carolina, and its properties and development land are located in Florida, Georgia, Iowa, Kansas, Maryland, Missouri, North Carolina, South Carolina, Tennessee and Virginia.
WinStar Communications, Inc. is a pioneer in providing business customers with broadband communications services, including local and long distance phone service, as well as high-speed Internet access, data and information services. WinStar provides these Wireless Fiber(SM) services in more than 30 U.S. markets over its own local broadband networks, using its licenses in the 28 and 38 GHz spectrum, which are connected to the company's nationwide fiber optic network. In the past year, WinStar has become one of the largest Internet companies in the U.S. Recently, the company announced a destination Web site for businesses, Office.com(SM), a service from WinStar. |
