MAA contractor files for bankruptcy protection

MAA contractor files for bankruptcy protection

Winstar Communications Inc. of New York, which holds federal telephone service contracts worth an estimated $3 billion in 12 metro areas, filed last month for protection from creditors under Chapter 11 of the Bankruptcy Code.

Winstar filed on April 18, two days after announcing it could not make $75 million in interest payments. A week later it was delisted from the Nasdaq Stock Market Inc.

Winstar holds the Federal Technology Service's Metropolitan Area Acquisition contracts for local service in Atlanta, Baltimore, Boston, Cincinnati, Dallas-Fort Worth, Denver, Indianapolis, Los Angeles, Miami, Minneapolis-St. Paul, Philadelphia and St. Louis.

'Winstar has assured GSA that its customer operations will remain 'business as usual' and that federal customers should experience no adverse impact,' the General Services Administration said in a statement. 'FTS will continue to monitor the contractor's performance.'

'William Jackson

Stay Connected

Sign up for our newsletter.

I agree to this site's Privacy Policy.