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Company type | Defunct |
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Industry | Telecommunications |
Founded | 1993 |
Defunct | 2001 |
Fate | Liquidation via Chapter 7 Bankruptcy |
Headquarters | New York, New York |
Revenue | $445.6 million (1999) |
Number of employees | 3,900 (1999) |
Winstar Communications (at some point WinStar Communications)[1] was an American telecommunications company that provided broadband services to business customers. Winstar owned and operated a broadband network in 60 major markets in the United States, including each of the top 30 U.S. markets and ten markets internationally in Europe, Asia, and Latin America.
Winstar was a notable example of the internet and telecom bubbles of the late 1990s. At its peak in 2000, less than a year before its collapse, the company had a market capitalization in excess of $4.4 billion and revenues of $445.6 million for the year ended December 31, 1999.[2]
Winstar also bought Fox Lorber Home Video from New Video in the mid-1990s. In 2001, Genius Products bought out Fox Lorber after Winstar was shuttered.