New York-Based Wireless Telecom Company Winstar Files for Chapter 11. (19-APR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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New York-Based Wireless Telecom Company Winstar Files for Chapter 11.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 19-APR-01

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Byline: Nancy Dillon

Apr. 19--Manhattan-based Winstar Communications, the debt-ridden wireless telecom company whose stock topped $86 last year but has since fallen to 14 cents, filed for bankruptcy yesterday.

The company was forced into the move after it missed $75 million in debt payments that it expected to meet with revenues from a not-yet-completed network expansion....

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