Wireless Communications Industry Pioneer Invests in NextG Networks

- Wayne Perry, former Vice Chairman at AT&T Wireless, finances the next-generation wireless communications company -

MILPITAS, CA - NextG Networks, a next-generation wireless communications company, announced that Wayne Perry has made a strategic investment in the Company. Perry is a wireless industry pioneer and seasoned veteran having served as Vice Chairman at AT&T Wireless and as President at McCaw Cellular Communications, prior to its acquisition by AT&T Corporation in 1994.

"NextG Networks addresses a major pain that is being experienced by mobile network operators - extending their coverage into difficult metropolitan and residential areas where existing network infrastructure is not feasible. They will experience similar challenges as they deploy wLAN hotspots in the same areas," said Perry.

Perry has extensive wireless industry experience in building wireless networks and a successful track record in providing wireless services. In addition to the key executive positions at AT&T Wireless and McCaw Cellular Communications, Perry was also Vice Chairman and CEO at XO Communications (formerly Nextlink Communications) and Board Chairman at CTIA. Perry is currently CEO at Edge Wireless, an AT&T Wireless Affiliate that provides wireless services in the Western United States.

NextG Networks will use the additional capital to continue the build-out of its innovative RF-over-Fiber ("RFoF") transport networks in metropolitan areas throughout the U.S. The cost-effective RFoF solution enables wireless service providers, such as mobile network operators and wLAN hotspot service providers, to extend their wireless networks into dense urban and isolated suburban areas while avoiding the zoning constraints and high costs that are associated with traditional cellular towers and/or wireless rooftop sites.

Perry's investment follows a first round investment that was provided by leading venture capital firms, Bay Harbour Management and Gabriel Venture Partners, in 2001. "Wayne's investment supports his belief in NextG Networks and our demonstrated ability to provide cost-effective solutions that address the challenges of expanding wireless networks," said John Georges, CEO at NextG Networks. "We welcome his ongoing strategic insight as well as his invaluable financial support". NextG recently completed its first profitable quarter and expects to raise a final round of capital in 2004 to fund its expansion into other regions of the country.

About NextG Networks
NextG Networks is a next-generation wireless communications company that provides managed RF transport and backhaul services to wireless communications service providers, including mobile network operators and public wLAN service providers. NextG's innovative and cost-effective RF-over-Fiber ("RFoF") transport solution enables wireless service providers to expand their coverage and/or capacity throughout metropolitan regions and in dense urban and isolated suburban areas. Founded in 2001, NextG Networks is headquartered in Milpitas, CA and operates regional subsidiaries throughout the United States. For more information, please contact NextG Networks at (408) 719-8510.

About Bay Harbour Management
Bay Harbour Management is a SEC registered investment advisor that provides investment management services to various domestic and international institutional and private investors. The Bay Harbour hedge fund also provides equity and debt investments in emerging growth technology companies, such as NextWave Wireless. Founded in 1990, Bay Harbour Management is based in New York, NY. For more information, please contact Bay Harbour Management at (212) 371-2211.

About Gabriel Venture Partners
Gabriel Venture Partners is a venture capital firm that focuses on emerging of communications, networking and information technology companies. Founded in 1999, Gabriel Venture Partners is based in Redwood Shores, CA and Annapolis, MD and has more than $260 million under management. For more information, please contact Gabriel Venture Partners at (650) 551-5000 or visit www.GabrielVP.com.

Media Contact:
Robert L. Delsman
NextG Networks, Inc.
(510) 845-9681
rdelsman@nextgnetworks.net