WASHINGTON--(BUSINESS WIRE)--April 27, 2000
NEXTLINK Communications Inc.(NASDAQ: NXLK), one of the nation's fastest growing providers of broadband communications services, named Dom Vietri as Vice President/General Manager of its Northern Virginia market.
Vietri will continue positioning NEXTLINK as a broadband communications leader in one of the nation's most telecom-savvy marketplaces. Under his leadership, NEXTLINK will focus on bundling voice and data services for commercial customers throughout the Washington D.C. corridor, obtaining market share and completing the construction of NEXTLINK's wired and fixed wireless broadband networks.
"Dom brings a unique and strategically advantageous collection of experiences to NEXTLINK," said NEXTLINK North Region President Dennis O'Connell. "His sales, marketing and operations experience at Xerox - one of the world most renowned business-to-business companies - combined with his outstanding track record to grow business by focusing on customer satisfaction will be valuable to our customers and our company. We're glad to have him on board."
Vietri brings 28 years of management experience to NEXTLINK, having held various senior level positions with AT&T Wireless (AWS). In his most recent position as Group Vice President/General Manager for the Southeast Region, Vietri oversaw operations and had profit and loss responsibilities for markets throughout much of the Southeastern United States.
Before taking on regional management responsibilities with AWS, Vietri served as Vice President/General Manager of AWS Washington/Baltimore and Philadelphia markets. Under his leadership, the markets earned the 1999 JD Power Award for Customer Satisfaction. Vietri also took the Washington/Baltimore market to the number one producing AWS market in the country just two years after launching service there.
Vietri's 22 years of business-to-business experience at Xerox Corporation includes service as Vice President, Area Manager for the New York market. In this role Vietri was responsible for $650 million in annual revenue from local sales and operations.
NEXTLINK has offices serving Northern Virginia including the Northwest portion of the D.C. marketplace. Early this week the company launched a wave of new data and value added voice products in the Northern Virginia/Washington D.C. marketplace including DSL, data, web hosting, and Internet services. The company recently moved its corporate headquarters to McLean, Virginia.
NEXTLINK provides high quality, broadband communications services to businesses over fiber optic and broadband wireless facilities across the United States and currently is providing service in 49 markets. The company is the largest holder of broadband fixed wireless spectrum in North America, with licenses covering 95 percent of the population in the top 30 markets in the United States. NEXTLINK plans to use wireless capabilities to complement and extend the reach of its local fiber optic networks in markets such as Washington D.C. in which NEXTLINK has spectrum. Additionally, NEXTLINK is acquiring exclusive rights to use certain fibers and a conduit throughout a 16,000-mile high speed, PI-centric fiber optic backbone network that will connect over 50 cities in the United States and Canada. The network is expected to be completed in 2001 with NEXTLINK turning on segments during 2000. Through this unrivaled collection of facilities, NEXTLINK will provide integrated, end-to-end telecommunications solutions to its customers.
On January 10, 2000, NEXTLINK and Concentric Network announced a $2.9 billion transaction to combine the companies. The transaction is expected to close in the second quarter of this year. Concentric Network provides complete Internet business solutions for small- and medium-sized enterprises, including DSL access, Web hosting and e-commerce. The company also offers data center services, virtual private networks, dedicated access, and application infrastructure services for delivering applications over the Internet or a virtual private network.
The statements contained in this release, which are not historical facts, are "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements include those describing NEXTLINK's network, the timing of deployment of LMDS equipment and the structure of the Concentric transaction. Management wishes to caution the reader that these forward-looking statements are only predictions and are subject to risks and uncertainties and actual results may differ materially from those indicated in the forward-looking statements as a result of a number of factors. These factors include, but are not limited to, those describing Concentric's enhanced product and service offerings, the competitive capabilities and potential synergies of the combined companies, NEXTLINK's ability to design and construct fiber optic networks, install cable and facilities, including switching electronics, to develop, install and provision LMDS equipment and interconnect that equipment with the Company's fiber networks and connect the networks, including LMDS equipment to customers and on satisfactory terms and conditions, and certain risks related to the Company's national network strategy. Additional factors include the ability of NEXTLINK and Concentric to successfully integrate their operations, products and services, and to timely obtain the regulatory and stockholder approvals that are conditions to closing the proposed transaction.