This capital program reflects the company's enhanced ability to align capital expenditures more closely with their revenue generating capability. The company also discussed a series of potential financing transactions which are being contemplated for execution prior to spin-off. The primary objectives for these transactions would be to strengthen WCG's balance sheet and to prefund the company's business plan through free cash flow, which is expected in 2003. About Williams Communications Group, Inc. Based in Tulsa, Okla., Williams Communications is located primarily in North America, with offices in Europe and Asia and investments in South America and Australia.
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Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the company's filings with the Securities and Exchange Commission.