tw telecom Loses $4.5M in Q1 After Refinancing Debt

tw telecom inc. (TWTC) lost $4.5 million in the first quarter, compared to profit of $2.9 million a year earlier, as it paid to eradicate debt.

The Colorado-based CLEC said on Monday it paid $17.1 million to refinance almost one-third of its financial obligations in the three months ended March 31, but it still boosted revenue. Sales jumped from $297.6 million to $311.2 million, thanks in large part to increased enterprise, data and Internet demand. Customer turnover was lower, as well, helping tw telecom’s numbers.

tw telecom didn’t issue overall guidance for the coming quarter but did say capital expenditures will “be at the high range” in 2010, falling between $275 million and $300 million. The service provider spent $80.9 million on capex in the first quarter, compared to $72.3 million in the year-ago period.

Leave a comment

Your email address will not be published. Required fields are marked *


As a budget line item, how are staff salaries trending in your company for 2019?

View Results

Loading ... Loading ...
The ID is: 81337