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 third quarter financial results, completes launch of first
15 markets

VIENNA, VA., November 11, 1998 - Teligent, an integrated communications company,
today released its third quarter financial  results,  a day after completing the
launch of  lower-cost,  high bandwidth  communications  services in its first 15
markets.

"We've  exceeded  the  goal  that we set for  ourselves  last  January,  when we
announced  that we would be up and  running in ten  markets by the end of 1998,"
said Teligent Chairman and Chief Executive Officer Alex J. Mandl. "And we've met
another key objective:  We are the industry  leader in the early  integration of
point-to-multipoint  radio  equipment  into our local  broadband  communications
networks.

"Today,  we are setting a new goal for 1999," Mandl  added.  "We intend to offer
Teligent's  full  range  of  communications  services  - local,  long  distance,
high-speed data and dedicated  Internet access - in a total of 40 markets by the
end of next year.

"Those 40  markets  comprise  more than 540  cities  and towns  with a  combined
population of more than 90 million," Mandl said. "And, as we've said before,  we
intend to complete the buildout of all of our 74 markets, which cover 750 cities
and towns and 130 million people, by the end of 2001."

Reflecting  its aggressive  rollout  schedule,  Teligent  reported a net loss of
$78.5  million  for the third  quarter on revenues  of  approximately  $240,000,
compared to a net loss of $28.2  million for the third  quarter of 1997.  "These
results are right on target with our expectations," Mandl said.

For the nine months ending September 30, Teligent  reported a net loss of $176.2
million on revenues of approximately  $480,000,  compared to a net loss of $78.8
million for the first three quarters of 1997.

Teligent's  capital  investment  as of  September  30 was $125.3  million,  with
investment  in property  and  equipment  rising $45.7  million  during the third
quarter. The company reported total assets of $797.4 million as of September 30,
with cash and cash equivalents of $509.5 million.

"Because  we  obtained  our  financing  early,   we've  secured  enough  capital
approximately  $1.7  billion - to finance our  current  network  buildout  plans
through the year 2000," said Teligent Chief Financial Officer Abraham L. Morris.
"We have about $500 million in cash on hand, and we have yet to draw down any of
our $800 million bank credit facility. That puts us in a very strong position as
we move into 1999."

By the end of this year,  Morris  said,  Teligent  anticipates  that its capital
expenditures  will total  about $175  million.  The  company is  targeting  1999
capital expenditures of approximately $300 million.

In the past two weeks, Teligent has launched sales and marketing campaigns in 15
markets,  highlighting  big savings,  big  bandwidth and a big bundle of service
offerings for small and medium-sized  business customers.  To date, Teligent has
launched service over its integrated  broadband  wireless  networks in New York,
Los Angeles, Chicago, Houston, Dallas-Forth Worth, San Francisco-Oakland, Miami,
Denver, Washington DC, San Jose, San Antonio, Orlando,  Jacksonville,  Tampa and
Austin.  Those  markets  comprise  nearly  300  cities and towns with a combined
population of 50 million.

A key element of the  marketing  program is a  revolutionary  savings offer that
will save  customers  up to 30 percent  off what they are  currently  paying for
local, long distance and Internet  service,  transforming  their  communications
bill into a simple, predictable package.

Teligent is able to make that offer  because of the lower cost  structure of its
integrated local communications  networks,  which feature Digital  SmartWave(TM)
technology.

"The  results of our initial  marketing  campaign  have been  phenomenal,"  said
Teligent President and Chief Operating Officer Kirby G. "Buddy" Pickle. "We have
generated literally thousands of inquiries,  and in our markets, the sales force
is working hard to turn these leads into sales."


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<PAGE>
Teligent has put in place the key systems  required to acquire,  bill, serve and
satisfy  customers,  Pickle said.  Teligent has been  producing  and  delivering
production bills since June and has deployed a full suite of automation tools to
the sales  force.  In  addition,  Teligent  has built an advanced set of network
monitoring tools to track more than 250 network elements on a real time basis.

"We're moving from the building phase to the building and  implementing  stage,"
said Pickle.  "As we make that  transition,  we have a clear  advantage.  Unlike
other new  competitors  in the local  marketplace,  we are focused on the direct
sales of retail  communications  services over our own local networks. We do not
have a local resale  strategy.  And we're not  wholesalers.  And that gives us a
significant leg up."

Teligent has made significant  progress so far this year,  Pickle said. "We have
Teligent teams working in 30 markets.  The Teligent  workforce has grown to more
than 1,200,  and the sales force numbers 150. That compares to a total workforce
of 830 and a sales force of 68 at the end of the second quarter."

The company has signed  leases or option  agreements  covering  access rights to
about 1,600 buildings. It has installed 13 Nortel DMS switches, and has recently
ordered an additional five switches.

The company so far has received  authority to offer  competitive local telephone
services in 35 states and the District of Columbia,  comprising 70 of Teligent's
markets.  That compares to 27 markets in which authority had been granted at the
end of 1997.

Teligent also has successfully negotiated interconnection agreements covering 64
markets with all of the major local exchange carriers, including Ameritech, Bell
Atlantic,  BellSouth, GTE, Pacific Bell, Southwestern Bell, Sprint (Centel), and
U S WEST. At the end of 1997, Teligent's  interconnection  agreements covered 25
markets.

Instead of digging up streets and drilling holes in buildings, Teligent delivers
Digital  SmartWave(TM)  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.

As  it  builds  its  local  networks,   Teligent  is  combining  the  latest  in
point-to-multipoint  radio technology with more traditional  network technology,
including  point-to-point  fixed  wireless and broadband  wireline to access its
customers.  Point-to-multipoint radio technology offers significant cost savings
because it allows a single  base  station to serve a large  cluster of  customer
buildings.

Digital  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 anticipated  explosion
of data traffic.

Based  in  Vienna,  Va.,  Teligent,  Inc.  (NASDAQ:  TGNT)  is  a  full-service,
integrated  communications  company  that is  offering  small  and  medium-sized
business  customers  lower-cost  local,  long  distance,   high-speed  data  and
dedicated Internet services over its Digital  SmartWave(TM) local networks in 15
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  forward-looking  statements.  While these statements
reflect  the  company's  best  current  judgment,  they are subject to risks and
uncertainties  that  could  cause  actual  results  to  vary.  These  risks  and
uncertainties   include,  but  are  not  limited  to,  economic,  key  employee,
competitive,  governmental,  regulatory and technological  factors affecting the
company's growth, operations,  markets, products,  services,  licenses and other
issues  discussed  in the  company's  filings with the  Securities  and Exchange
Commission.

                                               Financial Tables Follow

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<PAGE>

<TABLE>




                                 TELIGENT, INC.
                          (a development stage company)
                            STATEMENTS OF OPERATIONS
                                   (unaudited)
          (Dollars In Thousands Except Share and Per Share Information)

                                                 Three Months Ended September 30,              Nine Months Ended September 30,
                                                 --------------------------------              ---------------------------------
                                                       1998              1997                     1998                1997
                                                 --------------------------------              ---------------------------------
<S>                                              <C>                  <C>                   <C>                   <C>
Revenues:
    Communications services                      $              240    $              -     $           480       $            -
    Management fees and other services                            -               1,200                   -                2,914
                                                 ------------------    ----------------     ---------------       --------------
         Total revenues                                         240               1,200                 480                2,914

Costs and expenses:
    Cost of services                                         25,238               1,161              50,571                2,875
    Sales, general and administrative expenses               33,095              13,448              78,552               25,551
    Stock-based compensation                                  6,721              14,062              20,274               51,935
    Depreciation and amortization expense                     3,389                 140               7,042                  306
                                                 ------------------    ----------------     ---------------        -------------
         Total costs and expenses                            68,443              28,811             156,439               80,667
                                                 ------------------    ----------------     ---------------        -------------

    Loss from operations                                    (68,203)            (27,611)           (155,959)             (77,753)

Interest and other income                                     8,970                  56              27,236                  105
Interest expense                                            (19,313)               (645)            (47,517)              (1,178)
                                                 ------------------    ----------------      --------------        -------------

Net loss                                         $          (78,546)   $        (28,200)    $       (176,240)      $     (78,826)
                                                 ==================    ================      ===============       =============
Net loss per share (2)                           $            (1.49)   $          (0.63)    $          (3.35)      $       (1.77)
                                                 ==================    ================      ===============       =============

Weighted average common shares
    outstanding (2)                                      52,593,151          44,426,299           52,589,921          44,426,299
                                                 ==================    ================      ===============       =============

SELECTED FINANCIAL AND OTHER DATA:
                                                 Three Months Ended September 30,              Nine Months Ended September 30,
                                                 --------------------------------              -------------------------------
                                                       1998              1997                     1998                1997
                                                 --------------    --------------              -------------      ------------
<S>                                              <C>               <C>                         <C>                <C>
EBITDA (1)                                       $      (56,816)   $      (12,659)             $    (124,776)     $    (24,012)
Cash used in operations                                 (29,138)           (9,099)                   (83,122)          (22,508)

                                                                                                  September,        December,
                                                                                                     1998             1997
                                                                                               -------------      ------------
Cash and cash equivalents                                                                       $    509,478      $    424,901
Total assets                                                                                         797,385           596,380
Total stockholders' equity                                                                           120,543           274,146
Number of employees                                                                                    1,133               221
</TABLE>

(1) EBITDA  (earnings  before interest,  taxes,  depreciation and  amortization)
excludes  noncash charges for stock-based  compensation  and for amortization of
notes receivable from executives.

(2)       Pro forma for the three and nine month periods ended September 30, 
1997



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