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CROWN, METRICOM SIGN SITE LEASE AGREEMENT

HOUSTON-Crown Castle International Corp. announced Metricom Inc. signed a 10-year master license agreement for up to 500 wireless data sites on Crown Castle’s domestic communications towers.

Metricom is expected to collocate Wired Access Points in order to launch its 128-kilobit-per-second service next year. Rental rates will be between $1,500 per month and $2,100 per month, depending on the region, said Crown.

“This is the first of what we believe will be many large (master lease agreements) with wireless service providers who seek to rapidly launch or enhance their network coverage simultaneously in multiple markets,” said Ted B. Miller Jr., chairman and chief executive officer of Crown Castle.

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