International Wireless Communications Holdings, Inc.Files for Chapter 11 Protection.

SAN MATEO, Calif.--(BUSINESS WIRE)--Sept. 3, 1998--International Wireless Communications Holdings, Inc. ("IWCH"), an operator, owner and developer of wireless communications networks in major emerging markets in Asia and Latin America, announced today that it has filed a voluntary petition for

The filing was made in the U.S. Bankruptcy Court in the district of Delaware in Wilmington. The company's finances and a number of its businesses have been adversely affected by the financial and political instability in Asia.

The company also filed related Chapter 11 petitions for four of its subsidiaries: International Wireless Communications, Inc.; Radio Movil Digital Americas, Inc.; International Wireless Communications Latin America Holdings, Ltd.; and Pakistan Wireless Holdings Limited (collectively, together with IWCH, the "Debtors").

The filing is intended to protect the Debtors from their creditors while they develop a reorganization plan. It also allows the Debtors to continue operations in the normal course of business while obtaining relief from the immediate collection of obligations owed to existing creditors.

The Debtors also stated that they are actively engaged in negotiating an agreement among their principal unsecured creditors and their largest shareholder, Vanguard Cellular Operating Corp. ("Vanguard"), which is expected to form the basis for a plan of reorganization for the Debtors. It is also expected that, as part of the reorganization plan, the Debtors would receive "debtor in possession" financing.

CONTACT: International Wireless Communications Holdings, Inc.

Steven D. Overly, 650/548-0808 (telephone)

(Senior VP and General Counsel)

fax: 650/548-4011