The Full Wiki

More info on Winstar Communications

Winstar Communications: Wikis

Advertisements

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

Winstar Communications is a former American telecommunications company that was a notable example of the internet and telecom bubbles of the late 1990s. At its peak in 2000, less than a year before its collapse, the company had a market capitalization in excess of $4.4 billion and revenues of $445.6 million for the year ended December 31, 1999.[1]

The company was founded in 1993 as a reseller of long distance service. After winning auctions for radio spectrum, the firm become a Competitive Local Exchange Carrier and began selling wireless broadband service [2]. Similar to other technology start ups during the Dot-com bubble, Winstar stock soard by over 600% between 1996 and 2000[3]. However, Winstar was unable to generate enough sales to cover debts from massive capital expenditures required to build out its infrastrucutre, despite receiving vendor financing from Lucent and positive research reports from analysts such as Jack Grubman [4](contributing to the Global settlement).

Winstar filed for Chapter 11 bankruptcy protection in April of 2001. [5] [6]

References


Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message