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August 14, 1996 CONTACTS: Financial Community Michelle Davis Manager of Investor Relations WinStar Communications, Inc. (212) 687-7577 Ext. 153 or Press Steve Hein Technology Solutions, Inc. (212) 696-2000 Ext. 250 northstar@tsipr.com or NYNEX Bob Varettoni Media Relations (212) 395-0500 WINSTAR AND NYNEX SIGN INTERCONNECT AGREEMENT FOR NEW YORK Expands WinStar's Competitive Local Telecommunications Service in New York Metropolitan Area and Buffalo WINSTAR COMMUNICATIONS, INC. (NASDAQ-WCII) and NYNEX (NYSE-NYN) today announced that they have signed an interconnect agreement in New York, which allows WinStar to provide local telecommunications services to business and residential customers in competition with NYNEX. WinStar is already offering competitive local telecommunications services in New York City, as a reseller, and is scheduled to install its first switch in October, in Manhattan. This is WinStar's fourth interconnect agreement with an incumbent local exchange company. WinStar is negotiating additional agreements with a number of local exchange companies, and now has interconnect agreements covering seven of the 41 major market areas in which it plans to roll out its competitive local exchange carrier (CLEC ) business over the next three years. The agreement provides for WinStar's interconnection at any technically feasible point in the NYNEX system and sets the price each company will pay for completing a phone call on the other's network. It also sets the terms and conditions under which WinStar will be able to buy NYNEX unbundled network elements for use in its own network, and provides for resale of NYNEX services by WinStar to its customers. "We are excited about offering New York business customers an integrated package of local, long distance, and enhanced communications and information services," said Dave Schmieg, President and Chief Operating Officer of WinStar Telecommunications. "We look forward to providing New Yorkers with excellent service, simplified billing, and value-added telecommunications services at competitive rates." "Consumers are the real winners here. This agreement will provide more choice for customers in local markets and paves the way for NYNEX to eventually provide long distance services in New York," said Jack Goldberg, NYNEX Vice President - Wholesale Markets. "NYNEX has been a pioneer in interconnection issues as we seek to develop a strong wholesale market and realize the competitive opportunities envisioned by the Telecommunications Act of 1996." WinStar's CLEC business is based on its Wireless Fiber(SM) service which is a broadband local communications service provided using WinStar's licenses in the 38 GHz band. Wireless Fiber service is the functional equivalent of fiber in terms of reliability, data transmission quality, and bandwidth provided to the end user. WinStar currently holds 38 GHz licenses in 41 of the top 45 U.S. markets, covering 110 million people. Upon completion of pending acquisitions, each of which is subject to FCC approval, WinStar will have license coverage in 46 of the top 50 markets in the country, including the top 31, and more than 160 major market areas in total, covering approximately 170 million people, and approximately 575 million channel pops (population coverage multiplied by the number of channels). NYNEX is a global communications and media company that provides a full range of services in the northeastern United States and high-growth markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic. The company is a leader in telecommunications, wireless communications, directory publishing and video entertainment and information services. WinStar Communications, Inc. is a local telecommunications company. WinStar Wireless is a competitive access provider which provides its Wireless Fiber(SM) "last mile" telecommunications services, using its 38 GHz licenses, to long distance carriers, competitive access providers, mobile communications companies, local telephone companies, and other customers with broadband local communications needs. WinStar Telecommunications provides telecommunications services in competition with the incumbent local telephone companies. WinStar Gateway Network provides long distance telephone service. WinStar New Media creates and distributes information services and entertainment content as a complement to WinStar's telecommunications activities. Wireless Fiber is a service mark of WinStar Communications, Inc. return to news archive