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Fenwick & West Represents FiberTower in $1.8 Billion Merger with First Avenue Networks

May 15, 2006

Fenwick & West LLP represented FiberTower Corporation in its recently announced merger with First Avenue Networks Inc. (NASDAQ: FRNS). The all-stock transaction is valued at approximately $1.8 billion. The combined company will be named FiberTower Corporation and will emerge as one of the nation's largest operators of wireless transport services. The transaction is subject to regulatory approvals and closing conditions, and is expected to close by the end of the third quarter of 2006.

The Fenwick & West transaction team included corporate attorneys Bill Schreiber, Jeffrey Vetter, David Barry, Yoonie Chang, Mariana Antcheva, Shannon O'Sullivan; executive compensation and employee benefits attorneys Blake Martell, Liza Morgan, Mona Clee; technology transactions attorney Mark Ostrau; and tax attorneys Barton Bassett and Timothy Fitzgibbon.


About Fenwick & West

Fenwick & West provides comprehensive legal services to high technology and life sciences clients of national and international prominence. The firm is ranked by MergerMarket as one of the top 5 technology M&A practices in the U.S., with #1 rankings in multiple quarters.