EXHIBIT 99.1
                             FOR IMMEDIATE RELEASE
CONTACTS:
Media                      Investors
Robert W. Stewart          Michael S. Kraft
703-762-5175               703-762-5359
888-894-7812               800-981-5994


TELIGENT REPORTS 1998 FINANCIAL RESULTS, SETS OPERATING BENCHMARKS FOR 1999

         VIENNA, VA., March 1, 1999 - Following a year of rapid expansion,
Teligent, an integrated communications company, today released financial results
for the fourth quarter and year-end of 1998. The company also announced 1999
targets for revenue, buildings, customers, lines and other measures of
performance.

         "Teligent chalked up very impressive accomplishments in 1998," said
Teligent Chairman and Chief Executive Officer Alex J. Mandl. "First and
foremost, we transformed ourselves from an opportunity into an operating
company. We launched our first 15 markets during the fourth quarter, we grew to
nearly 1,500 employees, we built a sales team of 200 and we signed leases or
options for nearly 2,400 customer buildings. We also secured regulatory
authority to offer service in all of our licensed markets."

         For the year ending December 31, 1998, Teligent reported a net loss of
$281 million on revenue of approximately $1 million. Net loss for the fourth
quarter was $105 million on revenue of $480,000. Teligent's net loss for 1998
was up from $138 million reported for 1997. The fourth quarter and year-end
losses reflect the company's continuing investment in its SmartWave(TM) local
communications networks, which are in service or under construction in 37
markets throughout the country.

         Teligent reported $183 million in capital expenditures in 1998, up from
$10 million in 1997. Capital expenditures for the fourth quarter were $72
million, up from $6 million in the fourth quarter of 1997. As of December 31,
1998, the company reported fixed assets of $197 million and cash of $416
million. Last July, Teligent closed an $800 million bank credit facility, which
has not yet been utilized.

         "We ended the year in an excellent financial position, with $1.2
billion available to fund growth through 2000," said Teligent Senior Vice
President and Chief Financial Officer Abraham L. Morris.

         In addition to releasing 1998 financial results, Teligent also
announced performance benchmarks for 1999. At the end of the year, Mandl said
Teligent expects annual revenue of $35 million and negative EBITDA of $350
million. The company intends to spend $300 million on capital outlays as it
works towards its goal of launching service in a total of 40 markets by the end
of the year.

         During 1999, Teligent plans to more than double the number of customer
buildings covered by lease or option agreements, raising the total of leased or
optioned buildings to 5,000. Mandl said the company plans to grow its customer
base to 10,000 by the end of the year and install more than 75,000 lines.

         "Teligent got off to a fast start in 1998," said Teligent President and
Chief Operating Officer Kirby G. "Buddy" Pickle. "We inaugurated our first 15
markets - five more than we originally announced - during a two-month period at
the end of the year, following a year of preparation. In 1999, we intend to
continue an aggressive market roll out program, even as we penetrate deeper into
existing markets to sell service to more customers in more buildings."

         During 1998, Teligent launched service in: New York, Los Angeles,
Chicago, Houston, Dallas-Forth Worth, San Francisco-Oakland, Miami-Fort
Lauderdale, Denver, Washington DC, San Jose, San Antonio, Orlando, Jacksonville,
Tampa and Austin.

         Since January 1, Teligent has launched service in nine additional
markets: Atlanta, Boston, Philadelphia, Baltimore, Milwaukee, Richmond,
Wilmington, Del., West Palm Beach and New Orleans. Together, those 24 markets
comprise more than 400 cities and towns with a combined population of nearly 75
million and 30 percent of the nation's 54 million business lines.

         "The offer of broadband data and voice services, coupled with savings
of up to 30 percent, has proven very appealing to customers. We've been very
happy to find broad acceptance of our fixed wireless technology among both
customers and building owners," Pickle said.

         "During our first four months of commercial operations, we've proven
our ability to seamlessly blend point-to-multipoint, point-to-point and
broadband wireline technology in our integrated local communications networks.
That is a major achievement," Pickle added.

         Teligent offers small and medium-sized companies a flat monthly bill
that represents savings of up to 30 percent off the rates they pay their current
local telephone company, national long distance carrier and Internet provider.

         To qualify for the maximum discount, customers switch their existing
service - local, long distance or Internet - and sign up with Teligent for a
minimum of one year. Teligent averages several representative bills from the
customer's current carriers and deducts 30 percent. That figure becomes the
customer's new flat monthly rate. In most cases, it's that simple. Local and
Internet service are unlimited. If customers wish to increase their long
distance usage over current levels, they can purchase more service at attractive
prices.

         Teligent service also features e.magine(SM), an interactive, Web-based
business management tool that enables customers to access their billing and
account information anytime they choose.

         Many of the benefits that Teligent offers its customers - simplicity,
service, savings and speed - are the direct result of its digital SmartWave(TM)
technology. Teligent's network technology represents the marriage of the latest
advances in point-to-multipoint radio technology with proven high-frequency
radio transmission equipment and other traditional technologies, including
broadband wireline. The integration of these technologies enables Teligent to
increase its local network efficiency and significantly lower network costs.

         With its SmartWave(TM) technology, Teligent delivers service by
installing small antennas on the roofs of customer buildings. When a customer
picks up a telephone, turns on a computer or activates a videoconference, the
signal travels over inside wiring to the rooftop antenna. The customer building
antenna then relays the voice, data or video signals to a Teligent base station
antenna.

         The base station antenna gathers signals from a cluster of surrounding
customer buildings, aggregates the signals and then routes them to a Teligent
broadband switching center. At the switching center, Teligent uses ATM
(asynchronous transfer mode) switches and data routers along with Nortel DMS
switches to hand off the traffic to other networks - the public circuit-switched
voice network, the packet-switched Internet, and private data networks.

         SmartWave(TM) technology is configured to handle both voice and data
traffic with equal ease, ensuring that Teligent can handle today's huge volume
of voice traffic and at the same time is prepared for the coming data traffic
explosion.

         Based in Vienna, Va., Teligent, Inc. (NASDAQ: TGNT) is a full-service,
integrated communications company that is offering small and medium-sized
business customers local, long distance, high-speed data and dedicated Internet
services over its digital SmartWave(TM) local networks in 24 major markets.
Eventually, Teligent will expand service to 74 major metropolitan areas
throughout the United States. Teligent's offerings of regulated services are
subject to tariff approval.

For more information, visit the Teligent website at: http: www.teligent.com

Teligent is a registered trademark.

         Except for any historical information contained herein, the matters
discussed in this press release contain certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 with
respect to the company's financial condition, results of operation and business.
The words "anticipate," "believe," "estimate," "expect," "plan," "intend" and
similar expressions, as they relate to the company, are intended to identify
forward-looking statements. Such statements reflect our current views with
respect to future events and are involve known and unknown risks, uncertainties
and other factors including, but not limited to, economic, key employee,
competitive, regulatory, governmental and technological factors affecting the
company's growth, operations, markets, products, services, licenses and other
factors discussed in the company's filings with the Securities and Exchange
Commission. The company cannot be sure that any of its expectations will be
realized. Factors that may cause actual results, performance or achievements of
the company, or industry results, to differ materially from those contemplated
by such forward-looking statements, include, without limitation: (1) the
company's ability to meet its existing debt service obligations and the
availability of additional funds to pursue the company's business plan; (2) the
company's pace of entry into new markets; (3) the time and expense required to
build the company's planned network; (4) the impact of changes in
telecommunication laws and regulations; (5) the company's success in gaining
regulatory approval for its products and services, when required;(6) the timely
supply of necessary equipment; (7) the intensity of competition; and (8) general
economic conditions.



                             Financial Tables Follow
<PAGE>
                                 TELIGENT, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
          (dollars in thousands except share and per share information)
<TABLE>
<CAPTION>
                                                      Three Months Ended
                                                        December 31,        Years Ended December 31,
                                                      1998       1997 (1)      1998       1997 (1)
                                                      ----       -------       ----       -------
<S>                                             <C>           <C>         <C>          <C>
Revenues:
   Wireless communications services .........   $      479    $       33  $      960   $       33
   Management fees and other services .......         --             364        --          3,278
                                                ----------    ----------  -----------  ----------
     Total revenues .........................          479           397         960        3,311

Costs and expenses:
   Cost of services .........................       30,559         1,911      81,044        4,785
   Sales, general and administrative expenses       47,485        17,165     122,256       38,398
   Stock-based and other noncash compensation        8,023        32,857      32,164       89,111
   Depreciation and amortization expense ....        7,151         6,147      14,193        6,454
                                                ----------    ----------  -----------  ----------
     Total costs and expenses ...............       93,218        58,080     249,657      138,748
                                                ----------    ----------  -----------  ----------

   Loss from operations .....................      (92,739)      (57,683)   (248,697)    (135,437)

Interest and other income ...................        6,870         3,137      34,106        3,242
Interest expense ............................      (19,364)       (4,682)    (66,880)      (5,859)
                                                ----------    ----------  -----------  ----------

   Net loss before provision for income taxes     (105,233)      (59,228)   (281,471)    (138,054)
Provision for income taxes ..................         --            --          --           --
                                                ----------   ----------   ----------   ----------

   Net loss .................................   $ (105,233)  $  (59,228)  $ (281,471)  $ (138,054)
                                                ==========   ==========   ==========   ==========

Basic and diluted net loss per share            $    (2.00)  $    (1.21)  $    (5.35)  $    (2.94)
                                                ==========   ==========   ==========   ==========

Weighted average common shares outstanding      52,614,428   49,007,709   52,596,573   46,950,860
                                                ==========   ==========   ==========   ==========
</TABLE>
<PAGE>

SELECTED FINANCIAL AND OTHER DATA:

<TABLE>
<CAPTION>
                                   Three Months Ended
                                     December 31,              Years ended December 31,
                                   1998         1997 (1)            1998          1997 (1)
                                  ------        --------           ------         -------
<S>                             <C>            <C>               <C>            <C>
EBITDA (2) ..................   $ (77,565)     $ (18,679)        $(202,340)     $ (39,872)
Cash used in operations .....   $ (78,955)     $ (11,920)        $(162,077)     $ (33,260)

Cash capital expenditures (3)   $ (28,129)     $  (6,243)        $ (97,188)     $  (9,960)
Accrued capital expenditures      (43,821)          --             (85,911)          --
                                ---------      ---------         ---------      ---------
   Total capital expenditures   $ (71,950)     $  (6,243)        $(183,099)     $  (9,960)
                                =========      =========         =========      =========
<CAPTION>
                                                                       December 31,
                                                                    1998          1997
                                                                  --------     --------
<S>                                                               <C>            <C>
Cash and cash equivalents                                         $416,247       $424,901
Total assets .............                                         763,434        607,380
Total stockholders' equity                                          31,053        285,146
Number of employees ......                                           1,477            221

</TABLE>

(1) Certain amounts in the 1997 financial statements have been reclassified to
    conform to the current year's presentation.

(2) EBITDA (earnings before interest, taxes, depreciation and amortization)
    excludes charges for stock-based and other noncash compensation.

(3) Represents purchases for fixed assets which have been paid or which are
    anticipated to be paid within 90 days.