Few Good Words for Williams Communications

As the telecom network operator slides toward Chapter 11, investors wonder if anything will be left worth salvaging when the dust settles

With a $5.2 billion debt load and mounting annual losses, Williams Communications Group (WCG ) has tried to stay on the bright side. In early February, it declared that it would work to restructure and deleverage its balance sheet. Bankruptcy wasn't an option, company execs declared.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.