In an unsurprising move, Veracity Networks will transfer ownership of the iProvo network back to the city of Provo as it has been unable to generate enough revenue to make the purchase feasible. Provo has already instituted a monthly utility charge to all residents and businesses in the city to pay for the current debt [...]
CenturyLink (NYSE: CTL) subsidiary Embarq will pay $1.25 billion to buy back part of its outstanding debt, making it one of the latest service providers to refinance their debt.
Embarq’s move follows the same actions taken by fellow regional telco Hawa…
The cable industry’ broadband dominance isn’t expected to change anytime soon here in the States, with many more rural-focused telcos (Windstream, CenturyLink, Frontier, Fairpoint) lacking the funds to seriously upgrade to fiber to the home or even bro…
AboveNet (NYSE: ABVT), a provider of fiber-based network services that start at 100 Mbps and above for high-demand clients like financial institutions and universities, could be a possible acquisition target.
What’s making AboveNet attractive to potent…
Alcatel-Lucent (NYSE: ALU) gave investors something to smile about as the Franco-American company reported Q1 2011 of $5.23 billion and adjusted operating profit of $13 million.
For Q1 2011, Alcatel-Lucent’s revenue increased 13.9 percent year-over-yea…
Verizon rather quickly transformed itself not only by investing in fiber to the home (FiOS) — but also by selling off a lot of their unwanted DSL and landline networks in deals that usually end up much better for Verizon than the companies they deal w…
Cincinnati Bell’s (NYSE: CBB) Q4 earnings report was a bit of a mixed bag as revenues rose amidst a net loss from debt refinancing charges.
Cincinnati Bell reported a net loss for the three months ended Dec. 31 of $19 million versus a $6.8 million, or …
It has been clear for several months now that Sprint and Clearwire executives aren’t exactly getting along, something that makes the investment community nervous. Sprint has made several comments about Clearwire business practices, refused to take part…
Cincinnati Bell (NYSE: CBB) is again coming to the finance table with plans to $275 million in senior notes that are due in 2020 on top of the previous $500 million offering it announced in October.
These new $275 million notes will have the sam…
Hawaiian Telcom has officially emerged from Chapter 11, according to its reorganization plan that was previously approved by the bankruptcy court. The service provider previously also previously gained the FCC and the Hawaii Public Utilities Commission’s (PSC) approval of its new ownership and capital structure. By reorganizing the company, Hawaiian Telcom was able to cut [...]