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Technology Stocks : Williams Communications Group - WCG -- Ignore unavailable to you. Want to Upgrade?

To: samoyed who wrote (440)	4/17/2000 2:45:00 PM
From: samoyed	Respond to of 609

Williams Communications to Receive $115 Million in Transaction With CTC Communications April 17, 2000 06:01 AM Eastern Time TULSA, Okla., April 17 /PRNewswire/ -- Williams Communications WCG has completed a $115 million transaction to provide fiber, colocation and network maintenance services on its nationwide fiber-optic network to CTC Communications Group, Inc. CPTL , a full-service integrated communications provider focused on the medium to large enterprise market. Under the terms of the agreement, Williams, an international provider of telecommunications services and products for the carrier marketplace, will provide CTC with an Indefeasible Right of Use for 8,300 route miles of dark fiber. Additionally, Williams will receive recurring monthly revenues from CTC for colocation as well as ongoing network maintenance services. The fiber acquired on the Williams Multi-Service Broadband Network(TM) will expand CTC's current network presence along the Washington, D.C., to Boston corridor into 40 major markets extending from the central United States throughout the eastern United States. "The scope, density and advanced architecture of Williams Communications' network provides companies like CTC with the ability to rapidly acquire a world-class telecommunications infrastructure and achieve broad market penetration to enable their successful growth," said Gordon Martin, president of carrier services for the Williams network. Williams Communications, which owns and operates the largest next- generation network in the United States, is a recognized industry leader in providing innovative services and advances in fiber-optic engineering and construction. Williams' network construction strategy has been to leverage the highly secure rights of way already owned by its gas pipeline business and substantially offset its network construction costs through the long-term leasing of individual fibers on its high-density network to facilities-based carriers like CTC, Adelphia and Worldwide Fiber. Meanwhile, Williams retains a core fiber count to cost-effectively support its own network capacity and services customers. These customers include major telecommunications carriers such as SBC Communications, Telefonos de Mexico and Intel Corporation. Williams Communications' U. S. network currently has more than 24,000 route miles in operation with a planned total of 33,000 route miles connecting 125 cities by the end of this year. Ninety-six to 144 fibers are typically installed in every Williams network build with multiple conduits, leaving spare conduits open to meet future needs. 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. Williams Communications has earned widespread industry recognition for its network architecture -- most recently the International Engineering Consortium's InfoVision award. About Williams Communications Group, Inc. Williams Communications, through its subsidiaries, is North America's only exclusively carrier-focused fiber-optic network and the largest independent source of end-to-end integrated business communications solutions -- data, voice or video. Based in Tulsa, Okla., Williams Communications had revenues of $2 billion in 1999 and today has more than 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.williamscommunications.com and www.williams.com.