Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Steven Bowen who wrote (3506)	1/22/1998 12:09:00 PM
From: DubM	Read Replies (1) \| Respond to of 12468

If Alex said "a few months behind WinStar", it must have been a slip of the tongue. He probably meant to say a few years. :-) Dub -------------------------------------------------------------------------------- Thursday January 22, 10:10 am Eastern Time Company Press Release WINSTAR Completes Acquisition of MIDCOM Communications Inc. NEW YORK--(BUSINESS WIRE)--January 22, 1998--WINSTAR COMMUNICATIONS, INC. (NASDAQ-WCII) said today it has completed its acquisition of the assets of Southfield, Mich.-based MIDCOM Communications Inc., a national long distance and frame relay provider that is in bankruptcy proceedings, for $92 million, as detailed in WinStar's December 17, 1997 announcement. WinStar Communications, Inc. is a national local communications company, serving business customers, long distance carriers, fiber-based competitive access providers, mobile communications companies, local telephone companies, and other customers with broadband local communications needs. The company provides its Wireless Fiber(SM) services using its licenses in the 38 GHz spectrum. The company also provides long distance, Internet and information services. Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties which are described in the company's SEC reports, including the 10-K for the period ended December 31, 1996, and the 10-Q for the period ended September 30, 1997. WinStar is a registered trademark, and Wireless Fiber is a service mark of WinStar Communications, Inc.