Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Bernard Levy who wrote (12305)	3/7/2001 8:28:04 PM
From: gruetz	Read Replies (1) of 12468

Thanks Bernard: In the 12/98 deal with Williams, Winstar sold an IRU for up to 2% of Winstar's local wireless fibre capacity for $400 mln. Could Winstar get anywhere near $400 mln for 2% of this capacity today? IYO, was the $400 mln in 12/98 an inflated amount offset by an inflated $643 mln IRU that Winstar bought from Williams for four strands of long haul dark fibre optic cable? If Winstar could get anywhere near $400 mln for 2% of its capacity, sounds like a great deal to me. If so, then 8% would be $1.6 bln, enough to get Winstar to free cash flow positive. What do you think Winstar could get for 2% of its capacity today?

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