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PAETEC Full Year 2009 Financial Guidance

September 23, 2009 Paetec News (NASDAQ GS: PAET)

PAETEC Holding Corp. (NASDAQ GS: PAET), which provides data, voice and Internet solutions to business-class customers nationwide, today announced full year financial guidance for the fiscal year ending December 31, 2009. “Continued strong cash flow and new sales have provided stability for PAETEC and we are pleased to guide investors for the remainder of 2009,” [...]

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PAETEC Closes $350 Million Senior Secured Notes Offering

June 30, 2009 Paetec News (NASDAQ GS: PAET)

PAETEC Holding Corp. (NASDAQ GS: PAET) has closed its previously announced senior secured notes offering. The Company issued senior secured notes in an aggregate principal amount of $350 million in a private offering to institutional investors. The senior secured notes have a fixed interest rate of 8 7/8% and mature in 2017. “We were pleased [...]

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XO Carrier Wavelength FLEX Program

June 2, 2009 XO Communications News (OTCBB:XOHO)
Thumbnail image for XO Carrier Wavelength FLEX Program

XO Communications (OTCBB: XOHO) today announced the availability of a new flexibility program for current and prospective customers using XO Wavelength, a service that employs dense wavelength division multiplex (DWDM) technology to provide network capacity. The forward-thinking program allows customers to pay a flat, one-time fee to make changes to their high-capacity networks, thereby helping [...]

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TW Telecom Q1 2009 results

May 13, 2009 TW Telecom News

Achieved 35.1% M-EBITDA margin, a 210 basis point expansion year over year Delivered $14 million levered free cash flow, or 5% of revenue Produced $3 million of Net Income, reflecting $0.02 earnings per share1, representing growth of $0.05 per share year over year LITTLETON, Colo. – May 11, 2009 – tw telecom inc. (NASDAQ: TWTC), [...]

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Nortel 40G/100G live test

Thumbnail image for Nortel 40G/100G live test April 16, 2009 Nortel News

Banverket ICT has completed a successful live field trial, running 10G/40G/100G simultaneously on its existing fiber network between Sundsvall and Stockholm, using a Nortel* [TSX: NT | OTC: NRTLQ] optical solution. The trial, completed on April 2nd over a total fiber distance of 810km, is the first live trial of its kind in the Nordic [...]

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Telefonica Interactive Advertising by Alcatel-Lucent

March 24, 2009 Alcatel-Lucent News ( NYSE: ALU )

Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced its collaboration with Telefonica in an extensive interactive IPTV advertising proof of concept pilot for its Imagenio IPTV customers throughout Spain. Telefonica has relied on an innovative application enablement solution from Alcatel-Lucent, bringing increased interactivity and web 2.0 features to the TV experience of Imagenio’s already robust [...]

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Nortel stock in trouble?

December 15, 2008 Nortel News

Nortal has received notification from the New York Stock Exchange that their stock has fallen below the NYSE standard. Nortel fails to mee the criteria for NYSE common stock as a result of Nortel’s common shares having an average closing price of less than US$1.00 per share during the consecutive 30 trading days ended December [...]

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Alcatel-Lucent Tchuruk and Russo Resigning

July 29, 2008 Alcatel-Lucent News ( NYSE: ALU )

Alectel-Lucent announced today that both their chairman Serge Tchuruk and their CEO Patricia Russo will be resigning later this year. CEO Russo will remain at helm until a successor is found but that will be before the end of the year, according to the company. Chariman Tchuruk will be resigning effective October 1st. Both Russo [...]

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XO obtains new funds through preferred stock

July 28, 2008 XO Communications News (OTCBB:XOHO)

XO Holdings, Inc. (OTCBB: XOHO) today announced that it has raised $780 million through the issuance of two new series of preferred stock in order to retire senior debt, fund future growth initiatives and provide ongoing working capital for the business. XO Holdings, Inc. issued 555,000 shares of the Company’s 7% Class B Convertible Preferred [...]

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