Williams Communications (NYSE:WCG), a broadband provider for bandwidth-centric customers, announced it has signed a revised agreement to sell lit network capacity to Teleglobe. Under the terms of the original agreement executed in December 1999, Teleglobe was to purchase dark fiber on Williams Communications' nationwide next-generation fiber optic network.
Under the terms of the revised agreement, Williams Communications will provide Teleglobe broadband transport services including OC-48 Optical Wave Service along two fully diverse routes from New York to Santa Clara, Calif. Williams Communications will also provide Teleglobe private line services and multiple STM-1 backhaul circuits connecting the San Luis Obispo cablehead to Los Angeles. The revised transaction is expected to have no impact on Williams Communications' cash projections.
About Williams Communications Group, Inc.:
Based in Tulsa, Okla., Williams Communications Group, Inc., is a broadband network services provider focused on the needs of bandwidth-centric customers. For more information, visit www.williamscommunications.com.
About Teleglobe:
Teleglobe, a provider of global communications and eBusiness services, enables its customers to maximize the potential of the Internet through delivery of hosting services, content distribution and global connectivity. For more information, visit www.teleglobe.com.