Advanced Radio Telecom Corp. Commences Consent Solicitation.BELLEVUE, Wash.--(BUSINESS WIRE)--June 28, 1999-- Advanced Radio Telecom Corp. ("ART") (Nasdaq:ARTT ARTT, n.pr See asymmetry/range of motion alteration/tissue texture alteration/tenderness. ) announced today that it is soliciting consents from the holders of its 14% Senior Notes due 2007 (the "Notes") to amendments to the related indenture. Amending the Indenture is a condition to the proposed $251 million equity investment in ART by Qwest Communications
investment assets - anything of material value or usefulness that is owned by a person or company led by Oak Investment Partners. ART will pay a consent fee of $30 for each $1,000 in principal amount of the Notes outstanding to each holder of record who properly and timely delivers and does not revoke its consent to the proposed amendments. The record date for the solicitation is June 25, 1999, and the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. for the solicitation is July 12, 1999, unless extended. Assuming that consents from holders of at least two-thirds of the outstanding Notes are received, the proposed amendments will become operative concurrently with the consummation of the investment. Morgan Stanley Dean Witter & Co. is acting as the solicitation agent in connection with the consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with and may be contacted at 212/761-2137. Copies of the consent solicitation documents may also be obtained by contacting MacKenzie Partners, Inc., the information agent, at 212/929-5500 or 800/322-2885. This announcement is not a solicitation of consents with respect to the Notes. The consent solicitation is being made solely by the Consent Solicitation Statement dated June 25, 1999, and related Consent Letter, as each may be amended from time to time. ART, headquartered in Bellevue, Wash., is a facilities-based, broadband ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. providing a direct connection between the customer premises and the Internet. ART owns and operates metropolitan area networks in Seattle, Wash., Portland, Ore. and Phoenix, Ariz., using fixed wireless and fiber optic technologies. ART owns or manages 38 GHz spectrum licenses in more than 210 markets in the United States, including 49 of the top 50 and 90 of the top 100 markets. ART also owns 26 GHz and/or 38 GHz spectrum licenses in several European countries. ART offers a full range of Internet services, including dedicated Internet access at speeds up to 10 Mbps, e-mail, web hosting and web design, domain name server (DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the ) registration, IP Fax and more. For more information, please visit ART's website at www.art-net.net. |
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