November 1, 2001
Williams Communications and Boeing Enter Into $267 Million Agreement
TULSA, Okla. – Williams Communications (NYSE:WCG), a leading broadband provider for bandwidth-centric customers, today announced it has signed a 20-year telecommunications agreement with The Boeing Company (NYSE:BA). The transaction has a gross value estimated at $267 million. Additional terms of the agreement were not disclosed.
"Boeing’s confidence in Williams Communications validates our business model of enabling customers and continues to build the diversity of our customer base. With the superior reliability and scalability of the Williams Communications network, Boeing has a first-class solution to meet their business requirements," said Frank Semple, president of Williams Communications’ network unit.
Williams Communications focuses on enabling customers built on bandwidth, which include long-distance and local carriers, Internet service providers, and applications service providers, to be successful in the markets they serve by providing them with a full range of network services. Williams Communications operates the largest next-generation network in North America and connects 125 U.S. cities and five continents.
About Williams Communications Group, Inc. (NYSE:WCG)
Based in Tulsa, Okla., Williams Communications Group, Inc., is a 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. 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.
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All trademarks are the property of their respective owners. Statements made in this press release regarding the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements and are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include completion of the purchase and successful integration of the assets of CoreExpress; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission, including its Registration Statements.
Contacts
News Media:
Patty McKissick
Williams Communications (media)
(918) 547-5750
patty.mckissick@wcg.com
Investors:
Patricia Kraft
Williams Communications
(918) 547-0649
patricia.kraft@wcg.com
November 1, 2001
Williams Communications to Purchase Assets of CoreExpress
Agreement Enhances Company's IP Service Offering; Provides Significant Time-to-Market Advantage
TULSA, Okla. - Williams Communications (NYSE: WCG), a leading broadband provider for bandwidth-centric customers, has signed an asset purchase agreement to obtain the fiber-optic network, intellectual property, and Internet protocol capabilities of CoreExpress, the first company to guarantee data communications across multiple Internet Service Providers. Financial terms of the agreement were not disclosed. Closing on the agreement is subject to satisfaction of final terms and certain conditions.
CoreExpress, established in August 1999, offers industry-leading value-added services that complement the traditional services offered by ISPs. These value-added services drive additional demand by transforming the Internet into a viable means for transporting and exchanging premium data where consistency, speed and reliability are critical. Winner of the 2000 Networld + Interop Best of Show award, the CoreExpress Extranet provides the industry's first multi-ISP, site-to-site performance guarantees for data delivery over existing Internet connections. With the CoreExpress Extranet Viewer service management technology, Williams Communications' virtual private network (VPN) customers will for the first time have the ability to view and measure performance of their networks.
"Williams Communications is ideally positioned to integrate CoreExpress' award-winning technology and unique patented product set to offer advanced IP products delivering customers superior quality and security," said Matt Bross, chief technology officer for Williams Communications. "The CoreExpress network was built on our infrastructure with the most advanced equipment available. And since the assets of CoreExpress utilize compatible network gear, we will be able to seamlessly integrate that equipment into our own network while achieving quicker time-to-market and accelerating the development of advanced IP products by about 18 months.
"With projected annual IP growth rates approaching 100 percent, this acquisition will facilitate Williams Communications' ability to meet the growing demand and provide customers with the quality, leading-edge services they have come to know from Williams Communications. Rapid integration of this asset will enhance our suite of IP and media services, improving and expanding the services we deliver to our customer," said Bross.
Core Express recently participated in a successful field trial for a major news network to test the multicasting of broadcast-quality video over an IP network. The field test demonstrated that an IP network can be used to reliably exchange live and taped news content among stations affiliated with the news network. Core Express provided the backbone transport, network monitoring and network integration for the field trial.
"Williams Communications is committed to finding the right opportunities to enhance our efficiencies and technological capabilities, continuously seeking assets that will facilitate immediate and long-term growth at highly favorable rates. A gem like CoreExpress provides the right synergies at the right price that will not only enhance our network, but will give us a unique sustainable advantage in the marketplace at a fraction of the cost and time it would take to build ourselves," Bross added.
"CoreExpress' innovations in the IP quality of service space has created the framework for the new digital economy. With this capability Williams Communications assumes a truly advantaged position in the IP QOS market," said Jim Wootten, President and COO for CoreExpress.
About Williams Communications Group, Inc. (NYSE:WCG)
Based in Tulsa, Okla., Williams Communications Group, Inc., is a 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. 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 respective owners. Statements made in this press release regarding the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements and are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include completion of the purchase and successful integration of the assets of CoreExpress; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission, including its Registration Statements.
Contacts
News Media:
Patty McKissick
Williams Communications (media)
(918) 547-5750
patty.mckissick@wcg.com
Investors:
Patricia Kraft
Williams Communications
(918) 547-0649
patricia.kraft@wcg.com
Williams Communications and Boeing Enter Into $267 Million Agreement
TULSA, Okla. – Williams Communications (NYSE:WCG), a leading broadband provider for bandwidth-centric customers, today announced it has signed a 20-year telecommunications agreement with The Boeing Company (NYSE:BA). The transaction has a gross value estimated at $267 million. Additional terms of the agreement were not disclosed.
"Boeing’s confidence in Williams Communications validates our business model of enabling customers and continues to build the diversity of our customer base. With the superior reliability and scalability of the Williams Communications network, Boeing has a first-class solution to meet their business requirements," said Frank Semple, president of Williams Communications’ network unit.
Williams Communications focuses on enabling customers built on bandwidth, which include long-distance and local carriers, Internet service providers, and applications service providers, to be successful in the markets they serve by providing them with a full range of network services. Williams Communications operates the largest next-generation network in North America and connects 125 U.S. cities and five continents.
About Williams Communications Group, Inc. (NYSE:WCG)
Based in Tulsa, Okla., Williams Communications Group, Inc., is a 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. 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 respective owners. Statements made in this press release regarding the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements and are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include completion of the purchase and successful integration of the assets of CoreExpress; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission, including its Registration Statements.
Contacts
News Media:
Patty McKissick
Williams Communications (media)
(918) 547-5750
patty.mckissick@wcg.com
Investors:
Patricia Kraft
Williams Communications
(918) 547-0649
patricia.kraft@wcg.com
November 1, 2001
Williams Communications to Purchase Assets of CoreExpress
Agreement Enhances Company's IP Service Offering; Provides Significant Time-to-Market Advantage
TULSA, Okla. - Williams Communications (NYSE: WCG), a leading broadband provider for bandwidth-centric customers, has signed an asset purchase agreement to obtain the fiber-optic network, intellectual property, and Internet protocol capabilities of CoreExpress, the first company to guarantee data communications across multiple Internet Service Providers. Financial terms of the agreement were not disclosed. Closing on the agreement is subject to satisfaction of final terms and certain conditions.
CoreExpress, established in August 1999, offers industry-leading value-added services that complement the traditional services offered by ISPs. These value-added services drive additional demand by transforming the Internet into a viable means for transporting and exchanging premium data where consistency, speed and reliability are critical. Winner of the 2000 Networld + Interop Best of Show award, the CoreExpress Extranet provides the industry's first multi-ISP, site-to-site performance guarantees for data delivery over existing Internet connections. With the CoreExpress Extranet Viewer service management technology, Williams Communications' virtual private network (VPN) customers will for the first time have the ability to view and measure performance of their networks.
"Williams Communications is ideally positioned to integrate CoreExpress' award-winning technology and unique patented product set to offer advanced IP products delivering customers superior quality and security," said Matt Bross, chief technology officer for Williams Communications. "The CoreExpress network was built on our infrastructure with the most advanced equipment available. And since the assets of CoreExpress utilize compatible network gear, we will be able to seamlessly integrate that equipment into our own network while achieving quicker time-to-market and accelerating the development of advanced IP products by about 18 months.
"With projected annual IP growth rates approaching 100 percent, this acquisition will facilitate Williams Communications' ability to meet the growing demand and provide customers with the quality, leading-edge services they have come to know from Williams Communications. Rapid integration of this asset will enhance our suite of IP and media services, improving and expanding the services we deliver to our customer," said Bross.
Core Express recently participated in a successful field trial for a major news network to test the multicasting of broadcast-quality video over an IP network. The field test demonstrated that an IP network can be used to reliably exchange live and taped news content among stations affiliated with the news network. Core Express provided the backbone transport, network monitoring and network integration for the field trial.
"Williams Communications is committed to finding the right opportunities to enhance our efficiencies and technological capabilities, continuously seeking assets that will facilitate immediate and long-term growth at highly favorable rates. A gem like CoreExpress provides the right synergies at the right price that will not only enhance our network, but will give us a unique sustainable advantage in the marketplace at a fraction of the cost and time it would take to build ourselves," Bross added.
"CoreExpress' innovations in the IP quality of service space has created the framework for the new digital economy. With this capability Williams Communications assumes a truly advantaged position in the IP QOS market," said Jim Wootten, President and COO for CoreExpress.
About Williams Communications Group, Inc. (NYSE:WCG)
Based in Tulsa, Okla., Williams Communications Group, Inc., is a 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. 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 respective owners. Statements made in this press release regarding the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements and are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include completion of the purchase and successful integration of the assets of CoreExpress; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission, including its Registration Statements.
Contacts
News Media:
Patty McKissick
Williams Communications (media)
(918) 547-5750
patty.mckissick@wcg.com
Investors:
Patricia Kraft
Williams Communications
(918) 547-0649
patricia.kraft@wcg.com
