CenturyLink, Inc. (NYSE: CTL) and Savvis, Inc. (Nasdaq: SVVS) today announced that their boards of directors have approved a definitive agreement under which CenturyLink will acquire all outstanding shares of Savvis common stock in a cash and stock merger valued at $40 per share, or a total of approximately $2.5 [...] Read more »
Qwest – CenturyLink Merger Completed
CenturyLink, Inc. (NYSE: CTL) and Qwest Communications today completed their merger, creating the nation’s third largest telecommunications company in the United States. The combined company’s increased scale and financial strength will enable it to deliver a broader range of communications services to consumers and small businesses throughout the company’s 37-state [...] Read more »
Qwest and CenturyLink Merger
CenturyLink (CenturyTel, Inc., NYSE: CTL) and Qwest Communications (NYSE: Q) announced today that their boards of directors have approved a definitive agreement under which CenturyLink will acquire Qwest in a tax-free, stock-for-stock transaction. Link to this post! Read more »
PAETEC Q4 2009 and full year 2009
PAETEC Holding Corp. (NASDAQ GS: PAET) today announced fourth quarter 2009 and full year 2009 financial and operating results. Link to this post! Read more »
PAETEC Full Year 2009 Financial Guidance
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 [...] Read more »
PAETEC Closes $350 Million Senior Secured Notes Offering
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 [...] Read more »
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 [...] Read more »
TW Telecom Q1 2009 results
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. Link to this post! Read more »
Nortel 40G/100G live test
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 [...] Read more »
