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Microsoft, other companies pump $500M into Teligent

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Redmond, Wash.--Microsoft Corp. and four other companies have invested $500 million in Teligent, a Vienna, Va.-based provider of broadband services to businesses. ``This new capital will provide funding for Teligent's core business initiatives into 2001 and our initial expansion into international markets,'' said Alex Mandl, Teligent's chairman-CEO, in a statement. Microsoft and Hicks, Muse, Tate & Furst, a Dallas-based venture capital firm, each invested $200 million in Teligent. The remaining $100 million was invested by companies including Chase Manhattan Bank, New York.
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