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________________________________________________________________________________
________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
__________
FORM 8-K
CURRENT REPORT
PURSUANT TO
SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT(DATE OF EARLIEST EVENT REPORTED): February 25, 1997
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ADVANCED RADIO TELECOM CORP.
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(Exact name of Registrant as specified in charter)
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<S> <C> <C>
DELAWARE 0-21091 52-1869023
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(State or other (Commission File (I.R.S
jurisdiction Number) Employer
of Incorporation) Identification
No.)
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500 108th Avenue, N.E., Suite 2600 Bellevue, WA 98004
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(Address of Principal Executive Offices) (Zip Code)
(206) 688-8700
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Registrant's Telephone number including area code
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ITEM 5. OTHER EVENTS. On February 25, 1997, the Registrant issued a press
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release announcing the completion of its previously announced acquisition of 38
GHz licenses and other assets from CommcoCCC, Inc. and Extended Communications,
Inc. in exchange for 6,000,000 shares of Common Stock of the Registrant.
Reference is made to the press release which is included as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
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(C) EXHIBITS.
Exhibit Number Title
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99 Press Release of the Registrant dated February 25, 1997.
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ADVANCED RADIO TELECOM CORP.
By /s/ Thomas A. Grina
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Thomas A. Grina
Executive Vice President and
Chief Financial Officer
Date: March 10, 1997
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EXHIBIT INDEX
Exhibit Number Description Page
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99 Press Release of the Registrant dated February 25, 1997.
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Exhibit 99
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FOR IMMEDIATE RELEASE
ADVANCED RADIO COMPLETES ACQUISITION OF LICENSES
Bellevue, WA, February 25, 1997 - Advanced Radio Telecom Corp. (ART) (NASDAQ:
ARTT) - today has completed its previously announced acquisitions of 38 GHz
licenses and other assets from CommcoCCC, Inc. and Extended Communications, Inc.
(Extended). As a result of these acquisitions, ART currently owns, manages or
has a right to use a total of 233 licenses covering an aggregate population of
approximately 156 million in 169 major U.S. markets. ART's footprint allows it
to provide wireless broadband services in 47 of the top 50 markets and 82 of the
top 100 markets.
ART acquired 129 38 GHz licenses from CommcoCCC in exchange for 6,000,000
shares of ART Common Stock. The purchase price for Extended's interest in the
ART West Joint Venture was $6 million in cash, of which $3 million had been paid
in November 1996.
Upon closing of the CommcoCCC acquisition, James B. Murray, Jr., a managing
director of Columbia Capital Corporation, joins ART's board of directors. "We
look forward to having Jim Murray on the ART board of directors," said Vernon L.
Fotheringham, Chairman and Chief Executive Office of ART. "Jim has a wealth of
telecommunications industry experience and will be a tremendous resource to ART
as we proceed to extend our business plan."
ART is a nationwide telecommunications company providing rapidly deployable,
highly reliable, wireless broadband local telecommunications services, which
extend the reach of fiber optic and other telecommunications networks. ART is
addressing the growing demand for high-capacity, high-speed digital
telecommunications services for business and government customers who require
cost-effective, high bandwidth local access to voice, data, and Internet
Services. ART is headquartered at 500-108th Avenue NE, Suite 2600, Bellevue,
Washington 98004, telephone: (206) 688-8700; fax: (206) 688-0703. ART's home
page on the worldwide web can be viewed at http://www.artelecom.com.
Contacts:
Advanced Radio Telecom (ART) -- Lori Lawrenson, Investor Relations Manager
(206-990-1620 or Thomas Grina, EVP & Chief Financial Officer -- 206-990-1629.
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