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TELIGENT FILES DEBT AND STOCK OFFERING

VIENNA, Va.-Teligent Inc. announced it filed registration statements with the Securities and Exchange Commission and Form S-1 for a $400 million debt offering and a concurrent $125 million common stock offering.

This announcement comes just days after signing a strategic investment agreement with Nippon Telegraph and Telephone Corp., where the Japanese telecom giant will invest $100 million into the small American provider. The investment was to come in two phases, $40 million up front and the other $60 million when Teligent opens the initial public offering.

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