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Friday, 02/16/2001 11:48:12 AM

Friday, February 16, 2001 11:48:12 AM

Post# of 2238
Great news today for WLGS!

For more info and background please visit the iBOX for WLGS here at investorshub.com or the WLGS Website at http://worldwide-wireless.com/

OAKLAND, Calif., Feb 16, 2001 (BUSINESS WIRE) -- World Wide Wireless
Communications, Inc. (OTCBB:WLGS) announced today the government of India has
issued a Decision to Grant a Wireless/Telegraph License ("Decision") to its
subsidiary, World Wide Wireless (India) Ltd. ("WWWI"). The frequency licenses
covered by the Decision will be to provide fixed high-speed wireless Internet
service in nine of the most important cities in that country. Under the terms of
the Decision, which is contingent upon compliance by WWWI with a series of
specified preconditions, WWWI will be able to provide its service in Mumbai
(Bombay), New Delhi, Ludhiana, Calcutta, Ahmedabad, Hyderabad, Bangalore, Pune,
and Chennai (Madras). The population of the nine cities is more than 45,000,000
and includes most of the major business, financial, technical, and political
centers of the country. WWWI, which currently holds an ISP license for five of
the nine cities, will be applying for a nationwide ISP license in order to
provide service on all the frequencies granted.
The preconditions for the issuance of an operating license for the frequencies
described in the Decision include securing site clearance for transmitting its
frequencies, acquiring equipment licensed by the government, paying licensing
fees, among others. Neither WLGS nor WWWI anticipates significant difficulty in
complying with the preconditions.
WWWI, which is an Indian corporation owned jointly by WLGS and Mr. Neelam Oswal,
of Ludhiana, India, was formed in mid-2000. Since that time, and in anticipation
of the granting of frequency licenses, it has put together a staff of technical,
legal, marketing and sales experts under the direction of Mr. Oswal. Mr. Oswal
is the chairman and managing director of Punjab Wool Combers, Limited. Managing
the operations of WWWI from its central office in New Delhi is Mr. A. K.
Chaudhri. Mr. Chaudhri was the chairman of Mahanagar Telephone Nigam Limited and
was later the managing director of Koshika Telecommunications before joining
WWWI.
"After months of efforts, it is indeed satisfying that we have come to this
significant point in our planned commencement of operations in India," commented
Douglas Haffer, president and chief executive officer of WLGS. "Although the
deployment of our high speed wireless system in India will be an undeniable
challenge, the country, with its huge and highly computer-literate population,
offers remarkable potential for rapid revenue growth and market penetration," he
added.
Until recently, slow deregulation had limited competition in the Indian ISP
market. However, the Indian government has now made it clear that it considers
improved Internet access, for educational and commercial purposes, a top
priority and has facilitated its increasingly rapid development in the country.
A growing national fiber-optic network, which has been an important aspect of
the nation's developing telecommunications infrastructure, will assist WWWI in
securing sufficient national and international backbone bandwidth to permit the
optimum operation of its high speed system.
"In our contacts with the Indian government we have noted a consistently high
level of commitment by officials to enabling the development of a high speed
wireless system," Haffer stated. "The government's expeditious review and
issuance of the Decision, and its on-going cooperative approach to WWWI's
project and proposals, should serve as a positive model for other governments
who have been less accommodating in these matters," he concluded.
In order to deploy the system in the nine cities included in the Decision, WLGS
and WWWI will seek additional funding. "We hope that the enormous potential that
India offers will assist us in securing the necessary financial support,"
commented Haffer.
WLGS currently operates, through its wholly owned subsidiary Digital Way, S.A.,
a two-way wireless high-speed Internet system in Lima, Peru. It is awaiting FCC
approval for two-way operational authority in over half-dozen locations in the
United States. Through its subsidiary, World Wide Wireless (Thailand), Ltd it
controls MMDS licenses in Bangkok and other cities in Thailand. Furthermore, it
is awaiting a decision on reinstatement of MMDS licenses to its subsidiary
Infotel in Argentina.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this release which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays beyond
the company's control, delays in development and testing of products, and
fluctuations in demand for the products and services of the Company
CONTACT: World Wide Wireless Communications, Inc., Oakland
Douglas P. Haffer, 510/839-610
www.worldwide-wireless.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2001 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA INDIA PERU THAILAND ARGENTINA INTERNATIONAL
INDUSTRY KEYWORD: INTERNET
TELECOMMUNICATIONS
GOVERNMENT
NETWORKING
PRODUCT




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