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 RAISES $500 MILLION IN NEW CAPITAL; INVESTOR GROUP LED BY MICROSOFT,
  HICKS MUSE

    VIENNA, VA., November 5, 1999 - Teligent, an integrated communications
company, today announced that it has raised $500 million in new capital to
expand the company's buildout of local broadband networks across the country and
around the world. The investor group is led by Microsoft Corporation, the
world's leading software company, and private equity firm Hicks, Muse, Tate &
Furst Incorporated. Other investors include Chase Capital Partners, DB Capital
Partners and Olympus Partners.

    Microsoft and Hicks Muse each will invest $200 million in Teligent
Convertible Preferred Stock due 2014 (the "Preferred Stock"). The conversion
price of $57.50 per share represents a 28 percent premium over the previous
five-day average closing price on the date the agreement was reached.

    At closing, the private equity group will own approximately 14 percent of
Teligent's outstanding common stock on an as-converted basis. Hicks Muse will
nominate Tom Hicks, Chairman and Chief Executive Officer of Hicks Muse, to
become a member of Teligent's Board of Directors.

    "This investment represents a very strong endorsement of Teligent, our
strategy and our management team," said Teligent Chairman and Chief Executive
Officer Alex J. Mandl. "This new capital will provide funding for Teligent's
core business initiatives into 2001 and our initial expansion into international
markets. In addition, we expect to work closely with Microsoft as we expand our
data and Internet initiatives," Mandl added.

    The investment will speed deployment of advanced, digital broadband
communications networks, Mandl said. Teligent's local networks use fixed
wireless equipment in conjunction with other broadband technology to deliver
voice and data services to customers at speeds significantly faster than
permitted by traditional copper wire.

    "Teligent has made tremendous strides since the company launched service in
its first markets just one year ago," said Hicks Muse Partner Michael J. Levitt.
"We are very excited about working with Alex and his exceptional management
team, and we believe that this new partnership will enable Teligent to build on
the impressive momentum it already has established," Levitt added.

    "Teligent and Microsoft share a vision of creating new broadband pathways
to deliver digital information with greater speed and efficiency," said
Microsoft Senior Vice President and Chief Financial Officer Gregory B. Maffei.
"Working together, we aim to make it easier for business customers everywhere to
communicate, collaborate and compute."

    Microsoft, Hicks Muse, Chase Capital, DB Capital and Olympus are among the
most prominent investors in the fast-growing telecommunications and media
industries.  Together, they have been involved in dozens of highly successful
communications-related transactions. Chase Securities, Inc., initiated and acted
as agent on this transaction.

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    The terms of the security specify an annual dividend rate of 7 3/4 percent
payable quarterly. The investors may convert the Convertible Preferred Stock to
common stock at any time, and Teligent may call the security for redemption
after five years.

    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 34 major markets
throughout the United States. Teligent's offerings of regulated services are
subject to tariff approval.

    Since its formation in 1989, Hicks, Muse, Tate & Furst Incorporated has
completed or currently has pending more than 300 transactions with an aggregate
capital value in excess of $37 billion. Hicks Muse is the leading global media
and telecommunications investment firm with over $2.5 billion of invested equity
in those sectors. Headquartered in Dallas, the firm also has offices in New
York, London, Mexico City and Buenos Aires.

    Chase Capital Partners, an affiliate of The Chase Manhattan Corporation, is
a global private equity organization with approximately $10 billion under
management, including over $1 billion committed to the media &
telecommunications industry. DB Capital Partners, Inc., an affiliate of Deutsche
Bank AG, is a global private equity organization that has invested over $1
billion in more than 100 transactions since 1996. Founded in 1988, Olympus
Partners is a private equity investment firm based in Stamford, Connecticut with
over $1 billion under management.

FOR MORE INFORMATION, VISIT THE TELIGENT WEBSITE AT: WWW.TELIGENT.COM

TELIGENT AND SMARTWAVE ARE TRADEMARKS OF TELIGENT, INC.

EXCEPT FOR ANY HISTORICAL INFORMATION, THE MATTERS DISCUSSED IN THIS PRESS
RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT REFLECT THE COMPANY'S CURRENT
VIEWS REGARDING FUTURE EVENTS. THESE FORWARD-LOOKING STATEMENTS INVOLVE RISKS
AND UNCERTAINTIES THAT COULD AFFECT THE COMPANY'S GROWTH, OPERATIONS, MARKETS,
PRODUCTS AND SERVICES. THE COMPANY CANNOT BE SURE THAT ANY OF ITS EXPECTATIONS
WILL BE REALIZED. FACTORS THAT MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENT TO DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY ITS FORWARD LOOKING
STATEMENTS INCLUDE, WITHOUT LIMITATION: 1) THE COMPANY'S PACE OF ENTRY INTO NEW
MARKETS; 2) THE TIME AND EXPENSE REQUIRED TO BUILD THE COMPANY'S PLANNED NETWORK
AND ISP INFRASTRUCTURE; 3) REGULATORY APPROVALS AND THE IMPACT OF CHANGES IN
TELECOMMUNICATIONS LAWS AND REGULATIONS; 4) GENERAL ECONOMIC AND COMPETITIVE
CONDITIONS; 5) TECHNOLOGICAL DEVELOPMENTS; 6) OTHER FACTORS DISCUSSED IN THE
COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.