EXCEL, NextWave sign PCS resale letter of intent.DALLAS--(BUSINESS WIRE)--May 28, 1997--EXCEL Communications, Inc. (NYSE NYSE See: New York Stock Exchange :ECI), and NextWave Telecom Inc., a Personal Communications Service Kenny A. Troutt, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of EXCEL, said, "These discussions are consistent with our long-term strategy to introduce new products and services through our marketing network of Independent Representatives. In addition to PCS, EXCEL is building the infrastructure to maintain its competitive edge and is evaluating entering the local service, DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. , and Internet service markets in the future." "EXCEL plans to introduce new products for its hundreds of thousands of Independent Representatives," said Rolando Espinosa, Vice President, Marketing Products and Programs for EXCEL. "An agreement with NextWave to purchase airtime on a wholesale basis would enable EXCEL Independent Representatives to offer high-quality, digital PCS voice and data services to our millions of long distance and paging customers at a competitive price." James Madsen, Senior Vice President, Business Development for NextWave, said, "By offering turnkey PCS networks, NextWave would enable EXCEL to focus its resources on network marketing, branding, distribution, billing, and customer service. NextWave's wholesale strategy uniquely gives resellers an opportunity to purchase services from a network carrier which does not compete directly in the retail marketplace." Dallas-based EXCEL Communications Inc. is the fifth largest long distance company in the United States in terms of presubscribed lines, according to the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. . The Company offers its subscribers a variety of communications products and services under the EXCEL branded name, including residential service, commercial service, paging service, and calling cards. EXCEL services are marketed exclusively through a national network of Independent Representatives. EXCEL has more than 2,200 associates that support the corporate, network management, billing, teleservices, and marketing functions of the Company. NextWave Telecom Inc. (www.nextwavetel.com) is building an all-digital CDMA-based nationwide PCS network. NextWave's strategic mission is to provide low-cost, high quality PCS by offering airtime to other carriers and resellers on a wholesale basis. Through its participation in FCC-sponsored PCS auctions, NextWave already has been granted 88 PCS licenses representing approximately 150 million POPs (potential customers). Another seven licenses, representing 13 million POPs, are currently pending before the FCC. In total, NextWave has access to 163 million POPs, which comprise all top 10 U.S. markets, 28 of the top 30 markets, and 40 of the top 50 markets. NextWave's business partners include more than 70 major consumer electronics and network equipment manufacturers, telecommunications service providers, electric utilities, and financial institutions, including Bankers Trust, Triumph Capital, Trust Company of the West, Kingdon Capital, Och-Ziff, CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de CompĆ©tences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company , Prudential Securities, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , Nippon Telegraph and Telephone Nippon Telegraph and Telephone Corporation (日本電信電話株式会社 (NTT) DoCoMo, Sony, PECO PECO PaĆses da Europa Central e Oriental (Portugal) PECO Philadelphia Electric Company PECO Public Education Capital Outlay PECO Pelagic Cormorant (phalacrocorax pelagicus) Energy, LGIC, KEPCO KEPCO Korea Electric Power Corporation KEPCO Kansai Electric Power Company, Inc. (Japan) KEPCO Kyushu Electric Power Company, Inc. (Japan) , Allen Group, and QUALCOMM, among others. CONTACT: EXCEL Communications, Dallas Kenneth Kracmer, 214/863-8618 or NextWave Telecom Inc. Jennifer Walsh, 202/661-2085 |
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