AirGate PCS, Inc., a Sprint PCS Network Partner, Announces Commercial Launch of Advanced Wireless Communications Service in Four North Carolina Markets.Business Editors ATLANTA--(BUSINESS WIRE)--June 30, 2000 AirGate PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Inc., (Nasdaq/NM:PCSA PCSA Primary Care Service Area PCSA Personal Computing Systems Architecture PCSA Power Crane and Shovel Association PCSA Peel Committee on Sexual Assault (Canada) PCSA Presbyterian Church of Southern Africa ), a Sprint PCS (NYSE NYSE See: New York Stock Exchange :PCS) Network Partner, has announced the launch of advanced Sprint PCS wireless personal communications services See PCS. (PCS) in the communities of Greenville and New Bern, North Carolina “New Bern” redirects here. For the fictional city of the TV series Jericho, see New Bern, Kansas. New Bern is a city in Craven County, North Carolina with a population of 23,128 as of the 2000 census. . The Company previously launched service in Jacksonville and Roanoke Rapids Roanoke Rapids, industrial city (1990 pop. 15,722), Halifax co., N N.C., on the Roanoke River near the Virginia line; founded 1893, inc. 1931. The city's industries include health care, paper products, lumber, transportation, vehicle parts, and printing and publishing. at the end of May, and, as a result, AirGate now has the opportunity to offer Sprint PCS Products and Services to over 400,000 additional residents in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . This region also includes highway corridors leading to major North Carolina metropolitan areas as well as popular tourist and vacation locations along the coastal beach areas in North Carolina. AirGate will receive additional revenue from Sprint PCS when Sprint PCS customers travel into the AirGate service area and make calls on AirGate's portion of the Sprint PCS nationwide network. In addition, the Company will receive roaming revenue from other wireless carriers with whom Sprint PCS has roaming agreements. AirGate and Sprint PCS settle the exchange of revenue under their management agreement. There are no additional charges for Sprint PCS customers who have selected one of the national Sprint PCS Free & Clear Plans that feature no roaming charges anywhere on the Sprint PCS nationwide, wireless network. "We continue to aggressively launch Sprint PCS service in new markets in our territory well ahead of our anticipated launch dates," commented Thomas M. Dougherty, president and chief executive officer of AirGate PCS. "As we near final completion of our network build-out, we are very excited to announce that AirGate is now offering Sprint PCS Service in these additional North Carolina markets. The close proximity to portions of the busy I-95 corridor in North Carolina, as well as other major highways, provides a significant opportunity for AirGate to capture roaming revenue. With these additional markets added to our network in time for the peak summer travel season, we will immediately benefit from attractive traffic patterns for roaming activity. "We are very pleased with the tremendous response we are seeing as we introduce Sprint PCS service throughout our southeastern territory. As we enter new markets, we have a distinct competitive advantage in attracting new subscribers with our ability to leverage the popular brand identity, clarity and superior customer service that are synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as Sprint PCS, the nation's fastest growing wireless provider. We are excited about the opportunity to offer this exceptional service in additional North Carolina markets and look forward to launching commercial Sprint PCS Service to customers in the remainder of our territory." AirGate PCS, Inc. is the exclusive manager and operator of Sprint PCS Products and Services throughout most of the state of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , including Charleston, Columbia and Greenville-Spartanburg, parts of North Carolina, including Asheville, Wilmington and Hickory, and the eastern Georgia cities of Augusta and Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. . With a territory that includes more than 7.1 million licensed POPs covering 62,000 contiguous square miles. AirGate PCS is one of the largest Sprint PCS Network Partners based on the size of the population in its territory. As a Sprint PCS Network Partner, AirGate PCS is building its own PCS network to exclusively provide 100 percent digital, 100 percent PCS products and services under the Sprint PCS brand names in its territory. Sprint PCS operates the largest 100 percent digital, 100 percent PCS nationwide wireless network 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. , already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities across the country. Sprint PCS has licensed PCS coverage of nearly 270 million people in all 50 states, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the U.S. Virgin Islands. For more information, visit the Sprint PCS web site at http://www.sprintpcs.com. Sprint PCS is a wholly-owned tracking group of Sprint Corporation trading on the NYSE under the symbol "PCS." Sprint is a global communications company at the forefront of integrating long-distance, local and wireless communications services, and a large carrier of Internet traffic. Sprint built and operates the United States' first nationwide all-digital, fiber-optic network and is a leader in advanced data communications services. Sprint has $20 billion in annual revenues and serves more than 20 million business and residential customers. Statements contained in this news release regarding expected financial results and other planned events should be considered forward-looking statements that are subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe-harbor" provisions of the private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in AirGate PCS' forward-looking statements, including the following factors: potential fluctuations in quarterly results, our dependence on our affiliation with Sprint PCS; an adequate supply of infrastructure and subscriber equipment; new product development; rapid technological and market change; risks related to future growth and expansion; our significant level of indebtedness and volatility of stock prices. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from AirGate PCS' forward-looking statements, please refer to AirGate PCS' filings from time to time with the Securities and Exchange Commission, especially in the "risk factors" section of AirGate PCS' 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. for the fiscal year ended September 30, 1999, and Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2000, and in subsequent filings with Securities and Exchange Commission. |
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