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Home > Company Index > Telecommunications > Miscellaneous End-User Communications Services > World Access, Inc.

World Access, Inc.
 NEWS FROM THE STANDARD
World Access Hires UBS Warburg to Explore 'Strategic Alternatives'
Mar 27 2001 09:57 AM PST

 PROFILE
World Access may have the globe in its sights, but for now, it's focusing on Europe. The company has sold its network equipment business, which accounted for about 90% of sales, to finance the expansion of its European telecommunications services business. World Access provides bundled long-distance voice, data, and Internet services under the NETNet brand via network facilities in the US and 13 European countries, including France, Germany, Spain, and the UK. The company's more than 750,000 customers include small- to medium-sized businesses, other telecom carriers, and ISPs. After resisting an involuntary bankruptcy struggle with noteholders, World Access has proceeded with Chapter 11 filings.

 DEALS
Deal: World Access Buys UniNet
Date Announced: 11.30.00
Value of transaction (US $Mil): 0
Description: European multimedia communications services firm makes Belgian telco its fifth acquisition this year.

Search all deals for this company

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 501.10
1-Yr. Sales Growth: 229.5%
Employees: 748
Revenue per employee: $669,919.79

 KEY PEOPLE
• John D. Phillips
    CEO
• Bryan D. Yokley
    CFO

 CONTACT INFO
945 E. Paces Ferry Rd., Ste. 2200
Atlanta, GA 30326
US
Phone: 404-231-2025
Fax: 404-262-2598
Online: Web Site

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