Does anyone have any current opinions on Williams IP service and any expected changes with the Chapter 11?
Shane
Williams Communications Group Inc. (The "Holding Company") has filed, but this, *ostensibly*, should not affect the ongoing operations of their operating subsidiary, Williams Communications, LLC.
From the Reuters news release on the subject: --
Williams Communications Files for Chapter 11 TULSA, Okla. (Reuters) - Williams Communications Group Inc. (OTC BB:WCGR.OB - news) said on Monday it has filed for Chapter 11 bankruptcy protection in a bid to restructure and cut its debt by about $6 billion. The company said it filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York and expects to file a reorganization plan in the ``near future.'' Its operating subsidiary, Williams Communications, LLC, is not expected to be involved in the Chapter 11 reorganization process, the statement said. The company's Chapter 11 filing comes as the battered telecommunications sector continues to takes a hammering from heavy competition, a glut of fiber-optic networks and bankruptcy filings by other competitors. -- Caveat emptor, FAC.