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May 6, 1994


By CBR Staff Writer

Williams Cos Inc says it has not set any deadline to respond to that offer from LDDS Communications Inc, Jackson, Mississippi to buy its WilTel Communications subsidiary; in 1993, WilTel contributed about 22% of operating profit and 28% of cash flow of Williams Companies; it is the fourth largest long-distance carrier in the US, but is not very visible, because much of its capacity is leased to resellers – including LDDS, its second largest customer; a combined WilTel-LDDS would have about 4% of the long-distance market, behind Sprint Corp, 10%, MCI Communications Corp, 20% and AT&T Corp, now down to 60%.

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