Ahh, recovery. It looks like Level 3 Communications Inc. (LVLT) is back on track after several quarters of major losses fueled by provisioning problems. There’s usually a domino effect in play in these situations – in this case, Level 3 triggered provisioning back-ups when it kept acquiring other, smaller carriers over two consecutive years.
The Colorado-based wholesaler reported its second-quarter earnings today; it showed lower losses and higher sales. Level 3, which is branching big-time into the content delivery sector, has endured some tough beatings from the industry over the rocky merger and provisioning process. But now, with different leadership at the helm and an emphasis on working out the kinks, maybe it’s time to give Level 3 a pat on the back.
Forbes: Level 3 narrows 2nd-quarter loss as revenue grows
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