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WINSTAR TO PURCHASE CELLULARVISION MHZ

NEW YORK-WinStar Communications Inc. agreed to purchase 850 megahertz of bandwidth in New York from CellularVision USA Inc. for $32.5 million in cash.

The bandwidth is being disaggregated from CellularVision’s local multipoint distribution service license in the New York area to be combined with WinStar’s existing 38 GHz licenses, establishing a total spectrum position of 1,750 megahertz, WinStar said.

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