Advanced Radio Telecom Signficantly Enhances Its Nationwide Spectrum Coverage; Increases Average Spectrum Depth to Over 400 MHz in Top 40 Markets.Business Editors, High-Tech Writers BELLEVUE, Wash.--(BUSINESS WIRE)--May 11, 2000 Advanced Radio Telecom Corp. (ART) (Nasdaq:ARTT ARTT, n.pr See asymmetry/range of motion alteration/tissue texture alteration/tenderness. ) announced today that it has won licenses that add coverage of 355 million new channel pops in the Federal Communications Commission's 39 GHz auction that concluded earlier this week. ART's total coverage will increase to approximately 930 million channel pops. ART will pay approximately $77 million to acquire licenses for which it was the high bidder. "I am very pleased with ART's auction results which exceeded our strategic objectives and position the company for an accelerated deployment of our dense broadband IP metro networks Metro Networks is a broadcasting outsourcing company based in Houston, Texas. It is a subsidiary of Westwood One, which is managed by CBS Radio. The company operates a number of local and regional news and traffic facilities that provide regular reports to affiliates, together with ," said Robert McCambridge, ART president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We added a major new market, San Francisco, and increased our average spectrum coverage of all U.S. markets to 300 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. . We have increased our channel pop coverage over 250% from pre-auction, pre-acquisition levels. We have secured the spectrum depth and breadth we need to build broadband networks with a wide range of services in a nationwide deployment." About Advanced Radio Telecom Advanced Radio Telecom Corp. (Nasdaq:ARTT), headquartered in Bellevue, Wash., is a provider of broadband wireless Internet Protocol (IP) access services at speeds up to 155 Mbps. ART currently owns and operates broadband wireless metropolitan area networks in San Jose, Seattle, Portland, Ore., and Phoenix, and plans to expand to 40 markets over the next three years. ART is a Cisco Powered Network(TM) service provider and has a strategic relationship with Qwest Communications International Inc. (NYSE NYSE See: New York Stock Exchange :Q). ART has a nationwide footprint of 39GHz spectrum licenses in the United States, and owns 26GHz and/or 39GHz spectrum licenses in the United Kingdom and several Scandinavian countries. For more information, please visit ART's web site at www.ipsp.com. The above information includes forward-looking statements regarding license acquisitions and network deployment. These statements are not guarantees of future performance. Known and unknown risks, uncertainties, and other factors, including without limitation, satisfying closing conditions, final FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. approval, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and other financial risks, customer demand, technological risks, management of growth, competition and government regulation may cause actual results to differ materially from the future results implied or expressed in the forward looking statements. Additional information about the most significant of such factors is set forth in ART's most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . The Company does not undertake to update or revise its forward-looking statements publicly even if experience or future changes make clear that any projected results expressed or implied herein will not be realized. |
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