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 [...]
Windstream (Nasdaq: WIN) is set on expanding its business and wholesale network service base, and to get there it’s happy to take out its checkbook to buy strategic assets like Q-Comm. In order to pay for its $782 million in cash and stock Q-Comm acquisition–one that comes with CLEC Norlight Communications and regional fiber [...]
Eircom’s major stakeholder Singapore Technologies Telemedia (STT) is considering how it’s going to refinance the Irish service provider’s $4.4 billion of debt. This latest development contradicts an earlier report in May where Peter Cross, Eircom’s CFO, said he had no plans to refinance its debt. However, Ireland’s Communications Minister Eamon Ryan spent time talking to [...]
Things are tough all over for telecoms as the economic slump continues, but BT (NYSE: BT) saw some bright glimmers of hope in the first quarter of fiscal 2010 that ended June 30. While the company’s revenues decreased 4 percent year over year, a focus on tightening the operating budget and knocking down its net [...]