EXHIBIT 99.2 NEXTLINK COMMUNICATIONS, L.L.C. NEXTLINK CAPITAL, INC. EXCHANGE OFFER TO HOLDERS OF THEIR 12 1/2% SENIOR NOTES DUE APRIL 15, 2006 NOTICE OF GUARANTEED DELIVERY As set forth in the Prospectus dated , 1996 (the "Prospectus") of NEXTLINK Communications, L.L.C. (the "Company") and NEXTLINK Capital, Inc. (together with the Company, the "Issuers") under "The Exchange Offer--How to Tender" and in the Letter of Transmittal for 12 1/2% Senior Notes due April 15, 2006 (the "Letter of Transmittal"), this form or one substantially equivalent hereto must be used to accept the Exchange Offer (as defined below) of the Issuers if: (i) certificates for the above-referenced Notes (the "Senior Notes") are not immediately available; or (ii) time will not permit all required documents to reach the Exchange Agent (as defined below) on or prior to the Expiration Date (as defined in the Prospectus) of the Exchange Offer. Such form may be delivered by hand or transmitted by telegram, telex, facsimile transmission or letter to the Exchange Agent. TO: UNITED STATES TRUST COMPANY OF NEW YORK (THE "EXCHANGE AGENT") By Facsimile: (212) 420-6152 Attention: Customer Service Confirm by telephone to: (800) 548-6565 By Registered or Certified Mail: United States Trust Company of New York P.O. Box 844 Cooper Station New York, New York 10276 By Hand: United States Trust Company of New York 111 Broadway New York, New York 10006 Attention: Corporate Trust Operations By Overnight Courier: United States Trust Company of New York 770 Broadway New York, New York 10003 Attention: Corporate Trust Operations DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR TRANSMITTAL OF THIS INSTRUMENT TO A FACSIMILE OR TELEX NUMBER OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. Ladies and Gentlemen: The undersigned hereby tenders to the Issuers, upon the terms and conditions set forth in the Prospectus and the Letter of Transmittal (which together constitute the "Exchange Offer"), receipt of which are hereby acknowledged, the principal amount of Senior Notes set forth below pursuant to the guaranteed delivery procedure described in the Prospectus and the Letter of Transmittal. Sign Here Signature(s) ________________________ Principal Amount of Senior Notes _____________________________________ Tendered ____________________________ Please Print the Following Certificate Nos. (if available) ____ Information Total Principal Amount Represented Name(s) _____________________________ by Senior Notes Certificate(s) _____ _____________________________________ Address _____________________________ Account Number ______________________ _____________________________________ Dated: , 1996 Area Code and Tel. No(s). ___________ _____________________________________ GUARANTEE The undersigned, a member of a recognized signature guarantee medallion program within the meaning of Rule 17A(d)-15 under the Securities Exchange Act of 1934, hereby guarantees (a) that the above-named person(s) own(s) the above-described securities tendered hereby within the meaning of Rule 10b-4 under the Securities Exchange Act of 1934, (b) that such tender of the above- described securities complies with Rule 10b-4, and (c) that delivery to the Exchange Agent of certificates tendered hereby, in proper form for transfer, or delivery of such certificates pursuant to the procedure for book-entry transfer, in either case with delivery of a properly completed and duly executed Letter of Transmittal (or facsimile thereof) and any other required documents, is being made within five trading days after the date of execution of a Notice of Guaranteed Delivery of the above-named person. _____________________________________ Name of Firm _____________________________________ Authorized Signature _____________________________________ Number and Street or P.O. Box _____________________________________ City State Zip Code _____________________________________ Area Code and Tel. No. Dated: , 1996