Williams Communications Group, Inc., through its wholly owned operating subsidiary, Williams Communications, Inc., owns, operates and is extending a nationwide fiber-optic network focused on providing voice, data, Internet and video services to communications services providers. The Company also provides integrated fiber-optic, satellite and teleport video transmission services for the broadcast industry. Following its decision to sell its Solutions segment, the Company has three operating segments: Network, Broadband Media and Strategic Investments.
For the nine months ended 9/30/01, revenues rose 55% to $855.2 million. Net loss from continuing operations applicable to Common before extraordinary item totaled $1.05 billion,up from $222.5 million. Revenues reflect higher data and voice services. Higher loss reflects costs associated with growth.
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