Zayo Group, which continues to build up its stature through various acquisitions, has just raised $315 million in new funding via a five-year term loan.
RBC Capital Markets, Barclays Capital and SunTrust marketed the loan and allocated to 25 institutio…
The North Florida Broadband Authority (NFBA), a community-led consortium building a middle mile network serving 14 rural counties in North Central Florida, is facing allegations of project mismanagement and improper vendor supervision.
While the federa…
CenturyLink (NYSE: CTL) is turning on its Prism IPTV channel in Florida’s capital city region to tackle the area’s cable and satellite companies.
This is the latest IPTV deployment CenturyLink has conducted in Florida, following a rollout last fall in …
Lightower Fiber Networks has established $230 million in secured credit facility with GE Capital Media. Structured as a $40 million revolver and $190 million term loan, Lightower used a portion of the loan to fund its acquisition of fellow custom-built…
Though it doesn’t get talked about much, we’ve explored in the past how AT&T and Verizon have slowed (in Verizon’s case all-but stopped) next-generation broadband deployment. Dave Burstein digs through the numbers to note that Verizon cut wireline capital spending by about two billion so far this year, and has cut back investment by about [...]
SureWest Communications (Nasdaq: SURW) took advantage of its established broadband networks to continue reducing capital expenditures in the second quarter of 2010, a factor that president and CEO Steve Oldham cited in reporting a 7 percent year-over-year growth in its broadband segment. The carrier’s telecom segment did not fare so well, falling 17 percent compared [...]
DukeNet Communications, the wholesale telecom arm of Charlotte, N.C.-based utility company Duke Energy (NYSE: DUK), has paved a new growth path by establishing a joint venture with Alinda Capital Partners LLC. Under the terms of the agreement, Alinda affiliate will acquire a 50 percent stake in DukeNet for $137 million while Duke Energy will own [...]
Integra Telecom’s ability to refinance its debt illustrates that the capital markets are showing some sign of a thaw out. This week the CLEC completed the syndication of $785 million in senior secured pari-passu notes and bank debt. Participating in the refinancing process was J.P. Morgan, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies & [...]
Hoping to capture a larger piece of the Carrier Ethernet pie, Overture Networks scored $17.2 million in new equity funding. Rising to the lead funding occasion is QuestMark Partners, which joins a number of other high-profile investors, including Intel Capital, Intersouth Partners, Morgenthaler Ventures, Tenaya Capital, TDF Fund and Gray Ventures. Although the company has [...]