InterAmCom has approval to introduce the first 38Ghz wireless services in Chile.

CORAL GABLES, Fla.--(BUSINESS WIRE)--Jan. 25, 1996-- InterAmericas Communications Corp. ("InterAmCom") (OTC BB:ICCA), a telecommunications services provider through its subsidiary, Hewster Servicios Intermedios, S.A. (HSI) in Chile, has received approval from the Chilean Ministry of Transport and Telecommunications to provide 38Ghz wireless local loop services over five frequencies in Santiago, Chile.

ICCA expects its introduction of 38Ghz services to significantly accelerate the growth of its revenues and cash flow, as the technology enables the company to more rapidly and efficiently connect customers to the fiber-optic network that it operates throughout Santiago's main financial and industrial districts.

38Ghz technology is currently being deployed throughout the U.S. and Europe by competitive access providers such as TCG and WINSTAR and by telecommunications carriers such as MCI and Mercury, one of the U.K.'s leading PCS providers. 38Ghz wireless technology will enable InterAmCom to develop points of presence ("POPs") serving buildings not currently reached by its fiber-optic backbone without paying interconnection fees to the local telephone company.

For such "last-mile" applications, 38Ghz technology can be installed in a matter of hours to provide customers a network connection that is equivalent to a fiber-optic circuit in terms of both bandwidth and service quality. The technology deployed will enable each of the company's reusable frequencies to simultaneously carry up to four 2Mbps channels.

38Ghz service providers such as the U.S.'s Winstar Communications Inc. (NASDAQ:WCII) have experienced tremendous demand for these state-of-the-art wireless services. InterAmCom will now be the first carrier to provide 38Ghz local loop services in Chile.

InterAmCom is a Texas corporation, traded on the OTC Bulletin Board. The company has directed its business efforts toward developing and implementing international telecommunications projects in Chile. The company, through its Chilean subsidiaries HSI and VISAT Telecommunications, S.A., holds concessions to operate in Chile a fiber optic network and up to 12 satellite earth stations with switching capability, providing private network telecommunications services primarily to businesses and other telecommunications carriers.

Through HSI, the company currently operates an approximately 100 kilometer fiber optic network in Chile's capital and major business center, Santiago. InterAmCom is aggressively marketing competitive access and Internet services in Chile through a co-marketing agreement with Iusatel, a rapidly growing Chilean long distance carrier that is controlled by Grupo IUSACELL S.A. (NYSE:CEL), one of Mexico's largest telecommunications operators. CEL in turn is 41.9% owned by Bell Atlantic of the United States.

CONTACT: InterAmCom, Coral Gables

Rudy Beeck, 305/361-8484