Déjà Vu: McLeodUSA Again Emerges From Bankruptcy

For the second time in four years, the embattled CLEC, McLeodUSA Inc., has emerged from bankruptcy. McLeodUSA first filed for bankruptcy in January 2002 and came out from that process three months later. This time, the company has wiped out its debt and named new leaders, but left shareholders at a loss for their investments […]

Carrier Channel: WCG Appoints CEO, Emerges as WilTel

Posted: 12/2002 WCG Appoints CEO, Emerges as WilTel By Josh Long WILLIAMS COMMUNICATIONS GROUP Inc. (WCG) has appointed a new president and CEO after emerging from bankruptcy this fall. It also has a new but familiar name: WilTel Communications Inc. New chief executive Jeffrey K. Storey also will serve on the board of directors. He […]

Williams Communications Emerges from Bankruptcy

Williams Communications Group Inc., a national carrier selling voice and data services to other communications companies over a 33,000-mile backbone network, today announced it has emerged from bankruptcy with a lot less debt and a new name, WilTel. WilTel emerges with a new $375 million credit facility and no “substantial” debt obligations other than commitments […]

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