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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: gauguin who wrote (8886)	10/22/1998 7:50:00 PM
From: DubM	Respond to of 12468

Article from the Fools. Indicate an 8.5% interest rate on the financing. Oct 22, 1998 (6:13 PM ET) - The Motley Fool Evening News Wireless business telecommunications services provider WinStar Communications (Nasdaq:WCII - news) gained $6 5/16 to $25 7/8 after saying Lucent Technologies (NYSE:LU - news) will finance WinStar's purchase of $2 billion worth of Lucent network switches, remote access products, and dense wave division multiplexing (DWDM) equipment over five years. The deal will allow WinStar to complete its current 40 market network build-out in the U.S. ahead of its late-1999 target date. That initial rollout has already been fully funded, primarily through the firm's issuance of junk bonds. Analysts cited by Dow Jones said the Lucent deal will give WinStar access to funding to extend the build-out into additional U.S. and international markets at an estimated 8.5% interest rate. That rate is lower than the rates the firm could expect to get through junk bonds right now, given the market for new high-yield corporate paper has been dryer than Will Rogers' wit over the last few months.