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FAIRCHILD EXPANDS AS IT ENTERS INDIANAPOLIS TELECOMMUNICATIONS MARKET

 CHANTILLY, Va., Jan. 4 /PRNewswire/ -- Fairchild Communications Services, already the largest provider of centralized telephone and telecommunications services to tenants of major U.S. office buildings, has acquired all of the telecommunications assets of Office Networks, Inc. of Indianapolis. ONI provides shared tenant telecommunications services to office buildings developed by Browning Investments, Inc. now totaling over 4,500,000 square feet in downtown Indianapolis and suburban Camel, Ind. The acquisition, which was announced today, is Fairchild's first venture into the Indianapolis market.
 "We are especially pleased to add the Office Networks, Inc.'s projects to our nationwide operations. These projects will allow Fairchild to provide its unique blend of services and equipment to the Indianapolis market," said Mel Borer, president of Fairchild Communications Services Company.
 Michael G. Browning, president of ONI, stated "that the sale to Fairchild will allow more comprehensive services to its customers." Additionally, the telecommunications industry is becoming increasingly competitive, and larger organizations will have a clear, distinct advantage in the future. Browning described Fairchild as a "very professional and successful shared tenant service provider. We look forward to our continuing relationship."
 Fairchild Communications Services Company, a division of The Fairchild Corporation (NYSE: FA), provides telephone and other communications services at over 214 buildings located in Atlanta, Austin, Baltimore, Boston, Chicago, Dallas, Ft. Lauderdale, Houston, Los Angeles, Miami, Milwaukee, Minneapolis, New Orleans, Orlando, Parsippany, Philadelphia, Pittsburgh, Princeton, Salt Lake City, Stamford, Tampa and metropolitan Washington, DC.
 The Fairchild Corporation is a leading supplier of aerospace and industrial products and communications services.
 -0- 1/4/93
 /CONTACT: Stuart G. Meister of Fairchild, 703-478-5888/
 (FA)


CO: Fairchild Communications Services ST: Virginia, Indiana IN: TLS SU:

WB-LR -- NY069 -- 1419 01/04/93 16:22 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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