Preferred Networks And TELETOUCH Communications Sign Common Radio Frequency And Interconnect Agreement

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Preferred Networks And TELETOUCH Communications Sign Common Radio Frequency And Interconnect Agreement
    ATLANTA, Jan. 20 /PRNewswire/ -- Preferred Networks, Inc.
(Nasdaq: PFNT) (PNI), a wireless carrier's carrier and one of the largest
wholesalers of paging network services, today announced an agreement with
TELETOUCH Communications, Inc. to jointly share common Radio Frequency (RF)
transmitters in selected metropolitan markets in the Southeast and Midwest on
the commonly held FCC frequency of 157.740 MHz.  Under the terms of the
agreement, PNI and TELETOUCH each will control the RF in specific markets and
will provide reciprocal rights for interconnect facilities through the
Telecator Network Paging Protocol (TNPP).  The agreement is for an initial
period of 10 years and will continue for successive one-year terms.
    Both companies will build and construct systems that meet certain
technical standards of operation to ensure the highest possible level of
quality and continuous coverage.  "We're extremely pleased to have reached
this agreement with TELETOUCH and look forward to a productive relationship as
we build out our respective networks," said PNI Chairman and Chief Executive
Officer Mark H. Dunaway.  "Our goal in reaching this agreement was to utilize
the 157.740 channel to its maximum capacity, protect the respective FCC
licenses and maximize our capital investment.  By sharing frequency in
selected markets, we are able to extend our network reach with minimal capital
investment and, at the same time, more efficiently utilize the 157.740
channel.  With the networks we have under construction and planned and the
addition of the TELETOUCH shared markets, we solidify our nationwide reach as
a carrier's carrier."
    PNI is an outsourcing services provider to the wireless industry,
primarily operating wholesale paging networks, and also offering
engineering/technical services and wireless equipment repair, sales, and
fulfillment.  The company has five of its planned ten Technical Control
Centers (TCCs) in operation.  As of September 30, 1996, PNI serves 18 markets
and has 313,270 units in service on its networks or under agency agreement.
Network construction is underway in 26 new markets as a part of the company's
plans to build its 157.740 MHz network nationwide.
SOURCE Preferred Networks, Inc.