Advanced Radio Telecom Signs Portfolio Agreement With Pinnacle Towers Inc.; Agreement Provides Rooftop Access to Over 480 Buildings.Business/High Tech Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Aug. 15, 2000 Advanced Radio Telecom Corp. (ART)(Nasdaq:ARTT ARTT, n.pr See asymmetry/range of motion alteration/tissue texture alteration/tenderness. ) today announced a portfolio agreement with Pinnacle Towers Inc. (Nasdaq:BIGT), a leading provider of antenna site space in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with tower and rooftop sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The agreement allows ART access to approximately 480 buildings in Dallas, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Washington, D.C. "With this agreement, ART now has rooftop access to approximately 5,700 buildings throughout the United States, including most major metropolitan markets," said Anthony Bontrager, ART's vice president of real estate. "Securing access to the best buildings in targeted markets is vital to rapid deployment of our broadband wireless networks. This agreement is an important step toward accomplishing that goal." About Advanced Radio Telecom Advanced Radio Telecom Corp., 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 Houston, Los Angeles, Phoenix, San Diego, San Jose, Seattle and Washington, D.C. and plans to expand to a total of 40 U.S. markets over the next two years. ART is a Cisco Powered Network(TM)service provider. 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. About Pinnacle Towers Inc. Pinnacle is a leading provider of wireless communications site rental space in the United States and Canada. To date, the Company has completed over 450 acquisitions and upon completion of all pending acquisitions will own or manage over 5000 sites. Pinnacle is headquartered in Sarasota, Florida. For more information on Pinnacle, visit its Web site at http://www.pinnacletowers.com. (NASDAQ: BIGT) The above information includes forward-looking statements regarding 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion