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WIRELESS ’98 WRAP-UP

Ericsson forms office mobility unitATLANTA-Ericsson Inc. announced the formation of the Wireless Services unit in response to the increasing need for wireless communications in the workplace.Ericsson said the new unit will provide a wireless office solution based on the Interim Standard-136 Time Division Multiple...

TELIGENT NAMES 1998 MARKETS

VIENNA, Va.-Teligent announced plans to launch facilities-based service over its digital wireless networks this year in Chicago; Denver; Los Angeles; Washington, D.C.; Dallas, Houston, San Antonio and Austin, Texas; and Orlando and Tampa, Fla.The ten markets account for more than one-fourth of the 130...

KENNARD SAYS SPECTRUM PROBE MAY BE COMPETITIVELY MOTIVATED: FCC PLANS TO REVIEW TELEDESIC, TELIGENT AGREEMENTS NEXT YEAR

WASHINGTON-Federal Communications Commission Chairman Bill Kennard, under fire from Capitol Hill, last week defended a compromise with the Clinton administration to protect U.S. spy satellite frequencies by shifting around spectrum and awarding free spectrum licenses to wireless startups headed by wealthy telecom moguls Craig...

VIEWPOINT

Wouldn't it be nice to know if people are actually going to like the holiday gifts you so thoughtfully picked out especially for them?You ponder, prepare and then pray that your choices will be well received. Is the Federal Communications Commission staff any different?...

CONGRESS PROBES FREE LICENSES, TELEDESIC AND TELIGENT CRY FOUL

WASHINGTON-As key House and Senate GOP lawmakers probe whether licenses valued at more than $1 billion were given away to Teledesic Corp. and Teligent Corp. as part of a back-room deal that policy makers justified on national security grounds, questions just as serious have...

TELIGENT PUBLIC OFFERING GARNERS $21.50 A SHARE

NEW YORK-Teligent Inc. went public Nov. 21 with a 5.5 million-share initial public offering of common stock priced at $21.50 per share, near the high end of the expected $19-$22 price range.The Vienna, Va., upstart with big-name backing, plans to build a point-to-multipoint wireless...

TELIGENT PLANS TO CELEBRATE THANKSGIVING WITH FINANCING FEAST

NEW YORK-Teligent Inc. hopes to celebrate Thanksgiving in a major way, assuming its plans to hit the public capital markets big time before month's end are realized.The Vienna, Va., upstart, with big-name backing, plans to build a point-to-multipoint wireless network to compete with local...

NORTEL PAYS TO PLAY IN BROADBAND WIRELESS: LMDS AUCTION COULD BE DUD

Northern Telecom Ltd. won a $780 million contract with Teligent Corp. and offered to purchase all of the issued and outstanding common shares of Broadband Networks Inc. on a fully diluted basis, indicating its desire to become the leading vendor in the emerging fixed...

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...

TELIGENT CONFIRMS NTT INVESTMENT

Confirming rumors that have been circulating for weeks, Teligent LLC announced that Nippon Telegraph and Telephone Corp. of Japan has agreed to make a $100 million strategic investment in the company.Teligent's parent companies, The Associated Group Inc. and Digital Services Corp., will invest another...

PERCENT REVENUE CHANGE, 1995-96

% CHANGE 1996 1995RANK/COMPANY '95 TO '96 REVENUE (000's) REVENUE (000's)1 Associated Group Inc. 368.98% $20,035 $4,2722 Teletouch Communications Inc. 265.75% $31,725...

ASSOCIATED NAMED TELIGENT CORP. NOW

NEW YORK-Teligent Corp. is the new name for Associated Communications L.L.C., a company established last year as a broadband wireless competitive local exchange carrier, announced Alex J. Mandl, its president.Mandl, formerly president of AT&T Corp., said the new name "reflects our goal of becoming...