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Non-Tech : Williams Companies, Inc. (WMB) -- Ignore unavailable to you. Want to Upgrade?

To: Clay Enos who wrote (1)	1/26/1998 6:09:00 PM
From: Justin C	Read Replies (1) \| Respond to of 271

Clay, thanks for setting up this thread. I've been in WMB for a couple of years and it indeed has been a virtually "pain-free" stock with good growth and near-immunity to market corrections. WMB's re-emerging telecom business will be a key item to watch as you indicated. This news release is one of several that came out early this month: TULSA, Okla.,, Jan 5 (Reuters) - Williams Cos Inc on Monday said it has signed a five-year deal with U S WEST Communications Group under which U S WEST will utilize Williams' national fiber-optic network to accelerate its nationwide service offerings. Financial details of the agreement were not disclosed, but Williams did describe the pact as a "multi-million dollar agreement." Williams said the deal comes on the heels of the expiration of a three-year non-compete agreement with WorldCom Inc <WCOM.O>. Williams sold all but one strand of its 11,000-mile network to WorldCom for $2.5 billion in January 1995. Part of that agreement prohibited Williams from offering selected products and services that would compete with WorldCom offerings. Williams said it has emerged from the agreement with a new fiber-optic network, market-leading technology and some $1 billion in long-term revenue commitments from wholesale customers. Together with the existing 11,000-mile network, Williams said it will have an 18,000 mile network in operation by the beginning of 1999, with sections commissioned into service throughout 1998. In addition to the U S WEST pact, Williams today also said it has signed a "multi-million dollar" deal with Intermedia Communications Inc <ICIX.O> to supply fiber-optic network capacity. Further, Williams said it has signed an agreement to acquire from U S West Media's MediaOne <UMG.N> a 350-mile stretch of high-capacity fiber cable linking Jacksonville, Florida and suburban Miami. Justin C. 17:18 01-05-98