Century Acquires More Than 10 Million Pops in LMDS Auction.MONROE, La.--(BUSINESS WIRE)--April 28, 1998--Century Telephone Enterprises, Inc. (NYSE NYSE See: New York Stock Exchange Symbol: CTL See control key. 1. CTL - Checkout Test language. 2. CTL - Compiler Target Language. 3. CTL - Computational Tree Logic ) has been awarded 32 Local Multipoint Distribution System (wireless) Local Multipoint Distribution System - (LMDS) A broadband wireless technology. (LMDS (Local Multipoint Distribution Service) A digital wireless transmission system that works in the 28 GHz range in the U.S. and 24-40 GHz overseas. It requires line of sight between transmitter and receiving antenna, which can be from one to four miles apart ) licenses in the FCC's A and B band auction. With the purchase, Century gained approximately 10.6 million pops (the portion of the population of the service area based on ownership interest) paying an average price of $.92 per pop. Century's total investment will be approximately $9.7 million. This technology will allow Century to offer wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 services such as high-speed Internet/Intranet access, data transfer and video transmission. The LMDS spectrum blocks are significantly broader than other types of licensed spectrum. The majority of the licenses complement existing Century operating areas, and cover 32 Basic Trading Areas (BTAs) in Michigan, Wisconsin, Texas, Arkansas, Indiana, Louisiana, Minnesota and Mississippi. "This purchase advances Century's strategies of offering consumers an array of bundled communications services and geographically clustering our markets," Glen F. Post, III, president and chief executive officer, said. "These licenses will give us another means for bringing advanced technology and services to rural areas and smaller cities 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. ." Century Telephone Enterprises, Inc. provides a range of communications services including local exchange, wireless, long distance and Internet access to more than two million customers in 21 states. The company, headquartered in Monroe, Louisiana, is publicly traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CTL. Century is the 10th largest local exchange telephone company, based on access lines, and the 10th largest cellular company, based on population equivalents owned, in the United States. Visit Century's corporate website at www.centurytel.com. CONTACT: Century Telephone, Monroe Media - Patricia Cameron, 318/388-9674 pcameron@cte.net Investors - Jeff Glover, 318/388-9648 jglover@cte.net |
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