Williams Communications Receives $26.5 Million in Worldwide Fiber Inc. Transaction
December 16, 1999 08:00 AM
TULSA, Okla., Dec. 16 /PRNewswire/ -- The network unit of Williams Communications, Inc. WCG , a leading international provider of telecommunications services and products for the carrier marketplace, has completed a $26.5 million agreement to sell services and fiber capacity to Worldwide Fiber Inc.
The fibers Williams Communications is providing in this transaction are located primarily in the northeastern United States and will be used by Worldwide Fiber to expand its national network. The 20-year agreement also includes Williams Communications' receipt of monthly recurring revenue from Worldwide Fiber for collocation and network maintenance services.
Gordon Martin, senior vice president of global network services for the Williams network, said this transaction speaks to the quality of Williams' award-winning fiber-optic network. "Williams was the first to deploy fiber optics in decommissioned pipelines and to take advantage of the security of building along pipeline rights of way. Williams Communications is using that same ingenuity today in construction of the nation's most advanced and reliable network that is fully equipped to meet the present and future needs of carrier customers such as Worldwide Fiber."
Williams Communications has been rapidly deploying its next-generation nationwide network. Already exceeding 25,000-miles, Williams' network is scheduled to comprise 33,000 miles connecting 125 cities by the end of 2000. Construction of the network is progressing a year ahead of its initial plan.
The two companies in this agreement have a long-standing relationship. Earlier this year, Williams Communications and Pacific Fiber Link, a subsidiary of Worldwide Fiber, jointly constructed a multi-conduit fiber-optic backbone network between Sacramento, Calif. and Portland, Ore.
"This agreement with Williams Communications supports the roll-out of our terrestrial networks and related carrier service business," said Ron Stevenson, president of Worldwide Fiber. "By partnering with an industry leader like Williams Communications, we are able to continue completing important sections of long-haul multi-conduit fiber-optic backbone network."
Williams Communications' next-generation long-distance network is the fourth largest in the United States. The fully integrated architecture of the Williams Multi-Service Broadband Network(TM) couples ATM core switching with advanced optical networking technologies to provide carriers with data, voice, video and Internet services over the platform they choose. Using 10 Gbps transport systems with Dense Wavelength Division Multiplexing, the Williams network operates in two directions on a single fiber, delivering more than 80 Gbps in eight waves in each direction.
Williams Communications is an industry leader in providing innovative services and advances in network technology. This year Williams Communications was named Best Wholesale Network by the readers of America's Network magazine. The company also received the SuperQuest award for Best Backbone Bandwidth. Most recently, the International Engineering Consortium awarded Williams Communications its InfoVision award in the category of public networks.
About Williams Communications Group, Inc.
Williams Communications Group through its subsidiaries operates North America's only exclusively carrier-focused fiber-optic network and is the largest independent source of end-to-end integrated business communications solutions-data, voice or video. Based in Tulsa, Okla., Williams Communications has 9,000 employees primarily in North America, with offices in Europe and Asia and investments in South America and Australia. Approximately 85 percent of WCG stock is held by Williams WMB which, in 1985, became the first energy company to harness its core competency as a builder of networks to enable competition in the communications industry. Additional information is available at www.williams.com and www.williamscommunications.com.
About Worldwide Fiber Inc.
Worldwide Fiber Inc. is a facilities-based provider of technologically advanced, high-bandwidth fiber optic communications infrastructure and carrier services. Worldwide Fiber was established in May 1998 to incorporate the Telecommunications Division of Ledcor Industries Limited, which had designed, engineered, developed, constructed, and maintained telecommunications networks for more than twelve years. The Company is currently completing a 22,000-mile North American fiber optic network. This terrestrial network will be connected to Europe by a 7,600-mile, wholly-owned, trans-Atlantic fiber optic cable system known as "Hibernia" which will be Ready-For-Service during the first quarter of 2001. Worldwide Fiber is building a network to meet the facilities requirements of communications carriers, Internet service providers, and corporations with enterprise network needs and to satisfy the increasing demand generated by high-bandwidth data, voice, and video communications.
All trademarks are the property of their respective owners. Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission. This news release is not an offer to sell, nor the solicitation of an offer to buy, any securities. Any offer will be made only by means of a prospectus registered with the Securities and Exchange Commission.
SOURCE Williams Communications, Inc.
Williams Communications Receives $26.5 Million in Worldwide Fiber Inc. Transaction
December 16, 1999 08:00 AM
TULSA, Okla., Dec. 16 /PRNewswire/ -- The network unit of Williams Communications, Inc. WCG , a leading international provider of telecommunications services and products for the carrier marketplace, has completed a $26.5 million agreement to sell services and fiber capacity to Worldwide Fiber Inc.
The fibers Williams Communications is providing in this transaction are located primarily in the northeastern United States and will be used by Worldwide Fiber to expand its national network. The 20-year agreement also includes Williams Communications' receipt of monthly recurring revenue from Worldwide Fiber for collocation and network maintenance services.
Gordon Martin, senior vice president of global network services for the Williams network, said this transaction speaks to the quality of Williams' award-winning fiber-optic network. "Williams was the first to deploy fiber optics in decommissioned pipelines and to take advantage of the security of building along pipeline rights of way. Williams Communications is using that same ingenuity today in construction of the nation's most advanced and reliable network that is fully equipped to meet the present and future needs of carrier customers such as Worldwide Fiber."
Williams Communications has been rapidly deploying its next-generation nationwide network. Already exceeding 25,000-miles, Williams' network is scheduled to comprise 33,000 miles connecting 125 cities by the end of 2000. Construction of the network is progressing a year ahead of its initial plan.
The two companies in this agreement have a long-standing relationship. Earlier this year, Williams Communications and Pacific Fiber Link, a subsidiary of Worldwide Fiber, jointly constructed a multi-conduit fiber-optic backbone network between Sacramento, Calif. and Portland, Ore.
"This agreement with Williams Communications supports the roll-out of our terrestrial networks and related carrier service business," said Ron Stevenson, president of Worldwide Fiber. "By partnering with an industry leader like Williams Communications, we are able to continue completing important sections of long-haul multi-conduit fiber-optic backbone network."
Williams Communications' next-generation long-distance network is the fourth largest in the United States. The fully integrated architecture of the Williams Multi-Service Broadband Network(TM) couples ATM core switching with advanced optical networking technologies to provide carriers with data, voice, video and Internet services over the platform they choose. Using 10 Gbps transport systems with Dense Wavelength Division Multiplexing, the Williams network operates in two directions on a single fiber, delivering more than 80 Gbps in eight waves in each direction.
Williams Communications is an industry leader in providing innovative services and advances in network technology. This year Williams Communications was named Best Wholesale Network by the readers of America's Network magazine. The company also received the SuperQuest award for Best Backbone Bandwidth. Most recently, the International Engineering Consortium awarded Williams Communications its InfoVision award in the category of public networks.
About Williams Communications Group, Inc.
Williams Communications Group through its subsidiaries operates North America's only exclusively carrier-focused fiber-optic network and is the largest independent source of end-to-end integrated business communications solutions-data, voice or video. Based in Tulsa, Okla., Williams Communications has 9,000 employees primarily in North America, with offices in Europe and Asia and investments in South America and Australia. Approximately 85 percent of WCG stock is held by Williams WMB which, in 1985, became the first energy company to harness its core competency as a builder of networks to enable competition in the communications industry. Additional information is available at www.williams.com and www.williamscommunications.com.
About Worldwide Fiber Inc.
Worldwide Fiber Inc. is a facilities-based provider of technologically advanced, high-bandwidth fiber optic communications infrastructure and carrier services. Worldwide Fiber was established in May 1998 to incorporate the Telecommunications Division of Ledcor Industries Limited, which had designed, engineered, developed, constructed, and maintained telecommunications networks for more than twelve years. The Company is currently completing a 22,000-mile North American fiber optic network. This terrestrial network will be connected to Europe by a 7,600-mile, wholly-owned, trans-Atlantic fiber optic cable system known as "Hibernia" which will be Ready-For-Service during the first quarter of 2001. Worldwide Fiber is building a network to meet the facilities requirements of communications carriers, Internet service providers, and corporations with enterprise network needs and to satisfy the increasing demand generated by high-bandwidth data, voice, and video communications.
All trademarks are the property of their respective owners. Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission. This news release is not an offer to sell, nor the solicitation of an offer to buy, any securities. Any offer will be made only by means of a prospectus registered with the Securities and Exchange Commission.
SOURCE Williams Communications, Inc.
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