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To: Sector Investor who wrote (33309)	6/14/2001 3:15:18 PM
From: Greg h2o	Respond to of 42804

i posted it yesterday....

To: Sector Investor who wrote (33309)	6/14/2001 3:15:27 PM
From: signist	Respond to of 42804

Williams Communications Highlights Market Leadership at Shareholder Meeting; Chairman & CEO Howard Janzen Cites Focused Business Strategy Amid Challenging Industry Conditions Business Editors TULSA, Okla.--(BUSINESS WIRE)--June 14, 2001--At its first shareholder meeting as an independent company, Williams Communications (NYSE:WCG) Chairman and CEO Howard E. Janzen reported the company is delivering on all of its goals, highlighted by its completion of the nation's largest next-generation network, giving the company a significant time-to-market advantage. He also discussed current market volatility, which is making it difficult for investors to separate winners from losers in the telecom sector. "We successfully executed on our promises and remain the only company focused on providing fiber-optic network services to bandwidth-centric customers -- without competing with them on a retail basis," Janzen said. "Demand is growing nearly three-fold annually, our network is complete, and with our strong balance sheet we have the funding in place to weather the telecom storm and emerge as a clear leader." Janzen highlighted Williams Communications' differentiators, including a 174 percent increase in customers (year over year), adding to an already strong and stable customer base. Other key accomplishments cited included aggressive product and service development to leverage the value of the network. The company also delivered on a financing plan that funds the business well into 2003 when the company expects to be free cash flow positive. Addressing questions about the company's stock price, Janzen explained that WCG stock has followed the rest of the sector, driven by the collapse in technology and emerging telecom stocks. Janzen went on to explain that, when investors slow down enough to consider who are the winners in the world of emerging telecom players, Williams Communications will be at the top of their list. "It is ironic that the market meltdown has actually created a bigger opportunity for us," Janzen said. "Even the largest players in telecom don't want to spend capital on building networks in this environment, and yet they need network capacity to meet the surging growth in voice, data and Internet traffic. We are perfectly positioned to meet that need by providing a complete network outsourcing solution. This value proposition is consistent with our steadfast market positioning as the enabler of bandwidth-centric companies." About Williams Communications Group, Inc. (NYSE:WCG) Based in Tulsa, Okla., Williams Communications Group, Inc., is the leading broadband network services provider focused on the needs of bandwidth-centric customers. Williams Communications operates the largest, most efficient, next-generation network in North America, spanning more than 33,000 lit and 40,000 planned route miles. Connecting 125 U.S. cities and reaching five continents, Williams Communications provides customers with unparalleled local-to-global connectivity. By leveraging its infrastructure, best-in-breed technology, connectivity and network and broadband media expertise, Williams Communications supports the bandwidth demands of leading communications companies around the globe. For more information, visit www.williamscommunications.com. All trademarks are the property of their owner. 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 Litigation Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's filings with the Securities and Exchange Commission. --30--SAM/dx* CONTACT: Williams Communications Group, Inc., Tulsa Media: Deborah Trevino, 918/573-4764 deborah.trevino@wcg.com Investors: Patricia Kraft, 918/573-0649 patricia.kraft@wcg.com KEYWORD: OKLAHOMA INDUSTRY KEYWORD: NETWORKING TELECOMMUNICATIONS INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *

To: Sector Investor who wrote (33309)	6/14/2001 3:17:38 PM
From: signist	Respond to of 42804

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