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CLEC Poster Child Trinsic Files for Bankruptcy Protection

Struggling CLEC Trinsic Inc., the former Z-Tel Technologies Inc., has filed for Chapter 11 bankruptcy protection. The company has steadily been losing money in what CEO Trey Davis called a post-UNE-P marketplace. In its most recent financial report with the Securities and Exchange Commission in December, Trinsic reported third-quarter losses of $1.5 million, or 8 […]

Trinsic Loses $6.9 Million in Revenue During Second Quarter

Trinsic Inc., the former Z-Tel Technologies Inc. that has relied heavily on UNE deals to provide its services, reported a $6.9 million drop in revenue for the second quarter of 2006. The CLEC also suffered a net loss of $2.8 million, or 15 cents per share, compared with a net loss of $3.3 million, or […]

Citizens Mutual Deploys CopperCom CSX Softswitch

CopperCom announced at the TelecomNEXT show in Las Vegas that Citizens Mutual Telephone Cooperative, an IOC servicing subscribers throughout Davis County, Iowa, has replaced its legacy switch with a next-generation CopperCom Converged Switching eXchange (CSX) softswitch. This deployment of the CopperCom CSX marks the IOC’s move to next-gen telecommunications technologies, such as VoIP, and ensures […]

Déjà Vu: McLeodUSA Again Emerges From Bankruptcy

For the second time in four years, the embattled CLEC, McLeodUSA Inc., has emerged from bankruptcy. McLeodUSA first filed for bankruptcy in January 2002 and came out from that process three months later. This time, the company has wiped out its debt and named new leaders, but left shareholders at a loss for their investments […]

Trinsic Buys Sprint Local Lines

Trinsic Inc., the Florida-based CLEC that uses IP to deliver broadband and voice services, will buy Sprint Nextels local access lines for which it provides services under a wholesale, private label agreement. The former Z-Tel Technologies Inc. made the announcement yesterday, and would not disclose the deals terms. Trinsic says it provides wholesale services for approximately […]

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