BOSTON, Mass., April 12 /PRNewswire/ -- Boston Properties, Inc.
(NYSE: BXP), a real estate investment trust, announced today that it has
signed license agreements with Advanced Radio Telecom Corp. (Nasdaq: ARTT) and
Teligent Inc. (Nasdaq: TGNT) to provide state-of-the-art telephone, data and
Internet services to the tenants in Boston Properties' buildings.
Under the terms of the agreements, Advanced Radio Telecom (ART) and
Teligent will have the right to offer their advanced broadband communications
services directly to tenants in 116 and 91 buildings, respectively, in Boston
Properties' portfolio of office properties located in the top office markets
in the United States: Boston, New York City, Washington, DC, San Francisco
and Princeton, New Jersey. Teligent's offerings to Boston Properties' tenants
would include local, long-distance, high-speed data, and dedicated Internet
services over digital local networks. The local networks integrate wireless
technology with traditional broadband and fiber optic infrastructure. ART's
offerings will enable Boston Properties' tenants to connect to ART's service
provider partners offering multi-megabit Internet access and advanced IP
services. Boston Properties has put similar license agreements in place with
other firms such as Allied Riser Communications, Cypress Communications,
WinStar and others.
Robert E. Burke, Boston Properties' Executive Vice President for
Operations, said, "As we look ahead, we see telecommunications and broadband
services as major factors in attracting and retaining high quality tenants for
our office buildings. Through these agreements with ART and Teligent, we will
be able to provide the most advanced telecommunications technology to our
tenants, adding to the value of our buildings, and generating additional
revenue for Boston Properties."
"Our agreement with Boston Properties allows us to rapidly develop our
broadband IP metro networks and provide building owners with state-of-the-art
telecommunications services and other technologies sought after by corporate
tenants," said Anthony Bontrager, ART Executive Director, Real Estate. "ART's
unique multi-megabit IP metro networks offer businesses carrier-class
connections at speeds up to 155 Mbps. That kind of bandwidth in the last mile
enables a new class of next generation services and applications."
"Business tenants throughout the US are looking for ways to improve
operations while reducing costs," said Teligent Field Operations Senior Vice
President Bruce T. Wagner. "With Teligent's SmartWave(TM) technology, we
deliver the kind of competitive edge businesses are demanding. We're also
contributing to Boston Properties' mission of creating opportunities for
growth."
Advanced Radio Telecom Corp., headquartered in Bellevue, Washington, is a
provider of broadband Internet Protocol (IP) access services at speeds up to
155 Mbps. ART currently owns and operates broadband wireless metropolitan
area networks in San Jose, Seattle, Portland, Oregon, and Phoenix, and plans
to expand to 40 major markets over the next three years. ART is a Cisco
Powered Network(TM) service provider and has a strategic relationship with
Qwest Communications International Inc. ART has a nationwide footprint of
39GHz spectrum licenses in the United States and owns 26 GHz and/or 39 GHz
spectrum licenses in the United Kingdom several Scandinavian countries. For
more information, please visit ART's web site at http://www.ipsp.com .
Based in Vienna, Virginia, Teligent, Inc. is a global leader in broadband
communications offering small and medium-sized business customers local, long
distance, high-speed data and dedicated Internet services over its digital
SmartWave local networks in 40 major markets throughout the United States. The
company is working with international partners to extend its reach into
Europe, Asia and South America. Teligent's offerings of regulated services
are subject to all applicable regulatory and tariff approvals. For more
information, please visit Teligent's web site at http://www.teligent.com .
Boston Properties is a fully integrated, self-administered and self-
managed real estate investment trust that develops, redevelops, acquires,
manages, operates and owns a diverse portfolio of Class A office, industrial
and hotel properties. The Company is one of the largest owners and developers
of Class A office properties in the United States, concentrated in the
Northeast Corridor from Virginia to Greater Boston and in Greater San
Francisco.
To receive Boston Properties' latest news and corporate developments via
fax at no cost, please call 1-800-PRO-INFO; use company code BXP. Visit the
Company's web site at http://www.bostonproperties.com . Also see
http://www.frbinc.com .
This press release contains forward-looking statements within the meaning
of the Federal securities laws. Forward-looking statements reflect our
current views with respect to future events and financial performance and are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy. Agreements that the Company enters into may be
terminated for a variety of reasons, including a failure by the Company or the
other party to fulfill all conditions required for consummation of the
agreements. Other relevant risks and uncertainties are detailed from time to
time in our filings with the Securities and Exchange Commission.
SOURCE Boston Properties, Inc.
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Related links:
http://www.bostonproperties.com
CONTACT:
Elaine Quinlan, Investor Relations of Boston
Properties, 617- 236-3300, General Info, Marilynn Meek, or Media
Info., Judith Sylk-Siegel, 212-661-8030, Analyst Info., Claire
Koeneman, 312-266-7800, all of The Financial Relations Board
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