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WinStar achieves access to 4,200 properties nationwide.

WinStar Communications, Inc. (NASDAQ: WCII) has obtained access rights to more than 4,200 commercial buildings nationwide, and has signed an agreement with Spieker Properties, L.P. to provide access to Spieker commercial office buildings in Los Angeles, San Francisco and the Bay Area, Seattle and San Jose to WinStar's broadband network.

The broadband wireless telecommunications, information and Internet services provider discussed its building access rights acquisitions at a meeting of analysts and investors held recently in New York City.

Since the beginning of the last quarter, WinStar has acquired access rights to approximately 700 commercial office buildings nationwide, giving WinStar a run rate of 2,800 new buildings as it entered 1999. These rights enable WinStar to provide a building's tenants with a wide range of integrated Wireless Fibers services, including local and long distance service, Internet access and high-speed data services. WinStar said it would continue its building-centric marketing efforts, and expects to obtain access rights to a total of 8,000 buildings nationwide by year-end 1999.

"We are bringing Wireless Fiber service to more buildings and customers in major markets throughout the U.S. faster than any other broadband services provider," said William J. Rouhana, Jr., chairman and CEO. "The speed with which we are connecting buildings and customers means we are quickly making our network more widely available. By sharing the enduring cost advantage of our fixed wireless network with customers and delivering state-of-the-art voice, video, data and Internet access, we are positioning WinStar to serve more of the marketplace for end-to-end broadband connectivity than any other carrier." The agreement with Spieker Properties, one of the largest publicly-traded real estate investment trusts, gives WinStar access to a portfolio of over 600 commercial office and industrial buildings that currently exceeds 40 million square feet. WinStar expects to provide Wireless Fiber services within the next 24 months to approximately 250 of these buildings.

Rick Uhl, president of WinStar for Buildings, said "We are honored that Spieker Properties, a preeminent player in the real estate community, recognizes the benefits of offering a state-of-the-art communications package to their tenants, and has included WinStar's Wireless Fiber service as a choice for their tenants. Our agreement with Spieker Properties brings Spieker's tenants a high-speed on-ramp to the information superhighway."
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Title Annotation:WinStar Communications, Inc.
Publication:Real Estate Weekly
Date:Jun 9, 1999
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