CONTACTS:                                       FOR IMMEDIATE RELEASE

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Robert W. Stewart                   Mike Kraft
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robert.stewart@teligent.com         mike.kraft@teligent.com

                   TELIGENT REPORTS $43 MILLION IN 3Q REVENUE
                  Company announces enhanced "on-net" strategy

VIENNA,  VA.,  November  8,  2000 -  Teligent,  a  global  leader  in  broadband
communications,  today  reported third quarter  revenue of $42.7  million,  a 33
percent  increase over the $32.2 million  reported for the second  quarter and a
gain of greater than 300 percent year over year. The company also announced that
it is realigning its sales,  operations and real estate organizations to enhance
its focus on adding "on-net" buildings, "on-net" customers and "on-net" revenue.

"We've  reached an important  milestone in our  development  as a company," said
Teligent Chairman and Chief Executive  Officer Alex J. Mandl.  "We've proven the
benefits of our `on-net'  strategy - connecting  customers  and buildings to the
Teligent-owned network. Now we intend to capitalize on the progress we've made.

"With  the  experience  we've  gained,  the  systems  we've put in place and the
infrastructure  we've built,  we're  prepared to accelerate the expansion of our
network.  That means we can drive even more  customers  and more  traffic to our
`on-net' facilities," Mandl said.

With more than 4,000 buildings  directly  connected to Teligent's  SmartWave(TM)
communications  networks  and  another  7,600  buildings  under lease or option,
Teligent  intends to focus  virtually all of its new sales  activity on "on-net"
buildings and add an incremental wholesale operation on top of its robust retail
sales program, Mandl said.

Teligent's rapidly expanding network  footprint,  coupled with new high-capacity
radio  technology  and improved radio  equipment  installation  intervals,  give
Teligent significant new revenue opportunities,  Mandl said. Those opportunities
include wholesale and alternate channels.  "Our recently announced alliance with
Dell is a perfect example," Mandl said. "Dell representatives will sell Teligent
network capacity along with Dell hardware in  Teligent-connected  buildings.  We
couldn't have done that without our strong `on-net' focus."

The company's recent  deployment of radio equipment capable of transmitting data
at speeds of up to 155  megabits per second - more than 2,500 times the speed of
a traditional "dial-up" Internet connection - will help drive the development of
this business, Mandl added.

"Our enhanced `on-net' strategy means that we can now do a better job with fewer
people.  As a result,  we're  streamlining  our organization to reflect this new
`on-net' focus," Mandl said. That action will reduce  Teligent's work force from
3,480 to about 2,700.  "This will put us on the right path to meet our objective
of turning  EBITDA  positive in the second half of 2002," he added.  The company
will take a charge in the  fourth  quarter  of this  year to  reflect  the costs
associated with the workforce reduction.

Reflecting  the enhanced  `on-net'  strategy,  Mandl said  Teligent will begin a
wholesale  sales effort in each of the 43 markets in which it now  operates.  In
nine markets, the company will focus new sales solely on wholesale customers.
<PAGE>
In the third  quarter,  Teligent  for the first  time  reported a decline in its
EBITDA loss on a quarter- over-quarter basis. EBITDA loss dropped 19 percent, to
$92.1 million,  compared to the second  quarter.  The figure includes a one-time
reimbursement from Nortel Networks for unplanned  operating expenses relating to
the deployment of the Teligent  network..  Without that  non-recurring  payment,
EBITDA loss for the third  quarter would have been $107.7  million,  a 5 percent
decline  from the second  quarter.  EBITDA,  a measure  of cash flow,  generally
refers  to  earnings   calculated   before   accounting  for  interest,   taxes,
depreciation and amortization.

In the third quarter,  Teligent  reported  continuing  success in its efforts to
bring more customers and drive more traffic onto its own networks, significantly
increasing  the number of  "on-net"  buildings  and local  lines.  The number of
"on-net"  buildings rose to 4,142 from 3,614,  an increase of 15 percent.  Total
lines  increased to 433,997.  Local lines rose by nearly one third,  to 115,044.
The number of  installed  local  lines  grew by more than  30,000 for the second
quarter  in a  row,  and  local  line  provisioning  was  up  350  percent  on a
year-over-year basis.

"Teligent  matched its strong  revenue  performance  in the third  quarter  with
strong operational  results," said Teligent Chief Financial Officer John Wright.
"The company's  customer base grew to 34,189,  up more than 350 percent from the
year-ago  quarter.  We grew the number of  buildings  with  leases or options to
11,625."

More than 65 percent of new customers ordered local service, while the number of
installed  local  customers  grew by nearly  1,200.  More than 60 percent of all
third  quarter  sales  comprised  customers  ordering a bundle of services.  The
company also reported  significant  sequential  gains in the sale of data access
services.

Wright said he is  particularly  encouraged  by the progress the company made in
selling  services  to  customers  in "on-net"  buildings  -  buildings  directly
connected to Teligent's local SmartWave(TM) communications networks.

Teligent reported a net loss of $228 million for the third quarter,  compared to
$164 million for the second quarter.  Capital expenditures for the third quarter
were  $43  million,  compared  to $85  million  for the  second  quarter.  As of
September 30, the company reported available cash and short-term  investments of
$298 million and total assets of $1.2 billion, compared to $291 million and $1.1
billion, respectively, as of June 30.

In the quarter,  Teligent  reported a loss per share of $3.88,  which includes a
write down of $60.7 million on the company's  investment in ICG  Communications.
Without  the ICG  charge,  Teligent's  loss per share for the third  quarter was
$2.90.

In other third  quarter  activities,  Teligent  and its French  partners - LDCom
Networks, a unit of Louis Dreyfus Group, and Artemis - won new spectrum licenses
in France. That win expands Teligent's  international  spectrum holdings to five
nations outside North America - France, Germany, Spain, Argentina and Hong Kong.
In Germany,  Teligent's  joint venture with Mannessman Arcor AG selected Seimens
AG to supply its radio equipment.

On the domestic  front,  Teligent  launched  service in two additional  markets,
Pittsburgh  and Dayton.  The company also named two new executives to its senior
management  team. CFO Wright formerly was a partner in the Washington  office of
Ernst & Young.  James V.  Continenza,  formerly  president  and chief  executive
officer of Lucent Technologies  Product Finance, now serves as Teligent's senior
vice president for sales and site acquisition.
<PAGE>
                       About Teligent's broadband networks

Teligent's local communications networks represent the integration of the latest
advances in  high-frequency  microwave  technology  with  traditional  broadband
wireline equipment.  Together these technologies enable Teligent to increase its
local network efficiency and significantly lower network costs.

Teligent  delivers fixed wireless  services by installing  small antennas on the
roofs of customer buildings.  When a customer makes a telephone call or accesses
the  Internet,  the voice,  data or video  signals  travel  over the  building's
internal  wiring to the rooftop  antenna.  These signals are then  digitized and
transmitted to a "base station" antenna on another  building,  usually less than
three miles away.

Each base station antenna gathers signals from a cluster of surrounding customer
buildings,  aggregates the signals and then routes them to a broadband switching
center. At the switching center,  ATM (Asynchronous  Transfer Mode) switches and
data  routers  distribute  the  traffic  to  other  networks,   such  as  public
circuit-switched  voice  networks,  packet-switched  Internet  and private  data
networks.

                                 About Teligent

Based in Vienna,  Virginia,  Teligent, Inc. (NASDAQ: TGNT) is a global leader in
broadband  communications  offering  business  customers  local,  long distance,
high-speed data and dedicated  Internet services over its digital  SmartWave(TM)
local networks in major markets throughout the United States.

The  company is working  with  international  partners  to extend its reach into
Europe, Asia and Latin America.  Teligent's  offerings of regulated services are
subject to all applicable regulatory and tariff approvals.

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

Teligent and SmartWave are the exclusive 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.  These risks and uncertainties are discussed in detail in
the company's filings with the Securities and Exchange Commission.
<PAGE>
                            FINANCIAL TABLES FOLLOW

                                 TELIGENT, INC.
                      Consolidated Statements of Operations
           (amounts in thousands, except per share and share amounts)
<TABLE>
<CAPTION>                             Three Months Ended     Nine Months Ended
                                         September 30,         September 30,
                                    ---------------------- ---------------------
                                        2000     1999 (1)     2000     1999 (1)
                                    ----------- ---------- ---------- ----------
        <S>                             <C>         <C>         <C>       <C>
Revenues:
Communications services               $ 42,669   $ 10,320   $ 97,997   $15,805

Cost and expenses:
Cost of services                        62,007     56,874    225,449   134,816
Sales, general and administrative
  expenses                              72,807     56,794    189,264   152,336
Stock-based and other noncash
  compensation                           6,470      7,830     22,541    23,631
Depreciation and amortization expense   25,720     12,821     68,869    30,304
                                    ----------- ---------- ---------- ----------
     Total costs and expenses          167,004    134,319    506,123   341,087
                                    ----------- ---------- ---------- ----------
Loss from operations                  (124,335)  (123,999)  (408,126) (325,282)

Interest income                          6,983      5,084     20,211    14,466
Interest expense                       (48,469)   (24,248)   (98,686)  (63,923)
Other income & expense                 (62,290)      (477)   (61,384)     (486)
                                    ----------- ---------- ---------- ----------
     Net loss                        $(228,111) $(143,640) $(547,985) $(375,225)
                                    ----------- ---------- ---------- ----------
Accrued preferred stock dividends
  and accretion of issuance costs      (10,527)         -    (31,146)         -
                                    ----------- ---------- ---------- ---------
Net loss applicable to
  common shareholders                $(238,638) $(143,640) $(579,131) $(375,225)
                                    =========== ========== ========== ==========
Basic and diluted net loss per
  common share                         $ (3.88)   $ (2.66)   $ (9.88)   $ (7.06)
                                    =========== ========== ========== ==========
Weighted average common shares
  outstanding                        61,469,243 54,013,338 58,621,423 53,177,175
                                    =========== ========== ========== ==========

SELECTED FINANCIAL AND OTHER DATA:
<CAPTION>                             Three Months Ended     Nine Months Ended
                                         September 30,         September 30,
                                    ---------------------- ---------------------
                                        2000     1999 (1)     2000     1999 (1)
                                    ----------- ---------- ---------- ----------
        <S>                             <C>         <C>         <C>       <C>

EBITDA (2)                           $ (92,145) $(103,348) $(316,716) $(271,347)
Cash used in operations               (270,095)  (113,757)  (544,361)  (267,849)
Total capital expenditures              42,885     46,255    218,086    137,730

                                   September 30, 2000     September 30, 1999 (1)
                                   ------------------     ----------------------
Cash and short-term investments              298,050                   227,465
Total assets                               1,178,014                   701,616
Total stockholders' (deficit) equity        (692,616)                 (300,382)

</TABLE>
(1) Certain amounts in prior year financial statements have been reclassified to
conform to the current period's presentation.

(2) EBITDA  (earnings  before  interest,  taxes,  depreciation  &  amortization)
excludes charges for stock-based and other non-cash compensation and other
income and expenses.