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TELECOM GIANTS MEET W/ PRESIDENT CLINTON

WOMAN/SMALL BUSINESS AUCTION WINNER AMID

TELECOM GIANTS MEETING WITH PRESIDENT CLINTON

WASHINGTON, March 27, 1995 /PRNewswire/ — In an industry known for huge conglomerates and on the heels of “the mother of all auctions” that raised over $7 billion for the U.S. treasury, an unlikely auction winner was among those invited to meet today with President Clinton.

FCC PCS Auction Proceeds Presented to Treasury

Clinton, Gore, and FCC Chairman Present $8 billion check to Treasury

“I feel like Lynnea in the Land of the Giants,” said Ms. Bylund. “And afterall, it’s only fair that at least one woman wins in the `mother’ of all auctions,” she said.

Earlier this month, the FCC concluded an unprecedented four-month auction of “A” and “B” block PCS spectrum. PCS is a new generation of low cost wireless voice, data, and video devices providing for anytime- anywhere, personal and business communications. Telecommunications industry watchers have called PCS licenses the “telephone franchises of the 21st century.”

Several blocks of spectrum licenses, set aside for small businesses and women and minority owned business, remain to be auctioned.

Ms. Bylund, a resident of the Los Angeles area, also heads up two national trade organizations that principally represent small business concerns in emerging wireless technologies — United States Interactive and Microwave Television Association (USIMTA), established in 1990, and United States Independent Personal Communications Association (USIPCA), established in 1991. The two organizations represent more than 4,000 members, including system owners/operators, small business license applicants, wireless entrepreneurs, equipment manufacturers, law firms and consultants.

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