Winstar Comm. (WCII) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Winstar Comm. (WCII)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Harley Scott who wrote (908)	3/10/1997 10:58:00 AM
From: Ross Abrams	of 12468

A news item this morning that indicates the uncertainty in this sector: TCG SCRAPS OFFERING PLANS FOR NOW Even the best-laid plans can be changed. Earlier this month, Teleport Communications Group (TCF) said it was planning debt and equity offerings totaling about $550 million. But late last week the company said forget about it, at least for now. The offerings, which consisted of $200 million of equity and the $350 million in debt financing that TCG was planning to use for 1998 capital requirements, were canceled because market conditions have not been that friendly to competitive local exchange carriers recently. TCG said, that despite the lack of an offering, it has enough cash to "sufficiently provide for its business plan into 1998."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next