- WilTel Communications
WilTel Communications (formerly known as Williams Communications, which was formerly part of
The Williams Companies, Inc ) is a telco and Tier 2Internet Service Provider with its ownMPLS -enabledOC-192 opticalwave division multiplexing backbone network. Its other products and services include IP VPNs, Private Line services (protected and unprotected), colocation,Ethernet -basedwide area network ing, ATM andFrame Relay network services. The company was [http://www.level3.com/press/6650.html acquired] byLevel 3 Communications in December 2005 for roughly $800 million in cash and stock.WilTel also provides broadcast video distribution services including High Definition television distribution.
WilTel Communications also offers a wide range of professional services.
Leucadia, the previous owner of WilTel Communications, sold all of its shares of Level 3 (acquired as part of the sale of WilTel Communications) on March 22, 2006 at $3.44 per share, for a pre-tax gain of approximately $37.4M. On March 29, 2006, Level 3 shares reached $5.60 per share, leaving roughly $100M on the table for Leucadia had they waited 7 days to sell.
External links
* [http://www.WilTel.com/ Company Website]
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