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PAETEC-US LEC Merger Completed

PAETEC Corp. and US LEC Corp. have completed their $450 million merger and the combined company began trading Thursday on the NASDAQ Syock Market under the symbol PAET. The combined company will conduct business as PAETEC Holding Corp. The merger, which was announced Aug. 14, was approved by both companies’ stockholders on Wednesday. The new […]

Colo Market Competition Heats Up

Peter Radizeski, RAD-INFO Switch & Data Facilities Co. Inc.’s (NASDAQ = SDXC) initial public offering of 11.7 million shares got off to a healthy start at $17 a share on Feb. 9. The day range was $18 to $22, according to Yahoo! Finance. Switch and Data needs the money. Since CIO Jim Eddy left the […]

Time Warner Telecom Increases Revenue, Lowers Losses

Colorado-based Time Warner Telecom Inc. this week reported $238.8 million in fourth-quarter 2006 revenue, which contributed to the years overall total of $812.4 million. Quarterly revenue rose 29 percent over the same period in 2005, from $184.5 million to $238.8 million. The company credited the growth, in part, to a 33 percent increase in data […]

Qwest Reports Higher Fourth Quarter Profits

Qwest Communications International Inc. on Thursday reported a fourth-quarter profit of $194 million, or 10 cents per share, compared to a $528 million loss, or 28 cents per share, a year earlier. Qwest made headway thanks in part to an increase in Internet subscriptions it added more than 165,000 high-speed lines in the third quarter. […]

Wireless, DSL Boost AT&T Profits

AT&T Inc.s fourth-quarter profits rose 17 percent thanks to increases in DSL and wireless subscribership. The companys net income grew to $1.94 billion, or 50 cents a share, up from $1.66 billion, or 46 cents a share, from the same quarter a year earlier. AT&Ts revenue rose 23 percent to $15.9 billion. AT&T gained full […]

James M. Smith

THEN: Jim Smith was a partner at the law firm, Pierson, Ball & Dowd, and outside general counsel to COMPTEL, the competitive telecommunications association. It was the year of the original  Triennial Review, recalls Smith, noting Judge Harold Greenes review of the RBOC line-of-business restrictions in the Modified Final Judgment, which had gone into effect in […]

Industry Executives Share Strategies for Surviving Consolidation

Consolidation among telecom service providers is shrinking channel partners supplier pool and, in some cases, resulting in programs that are less than partnerfriendly. Join carrier and partner executives as they discuss the changing competitive landscape, evolving attitudes about the value of the channel and ways the channel can remain a vital partner for both carriers […]

PAETEC, US LEC in $450 Million Merger

Another set of CLEC mergers announced on Monday highlighted an industry that continues to consolidate to better compete against RBOC rivals. US LEC and PAETEC Communications Inc. said they are merging in a deal worth approximately $450 million, excluding debt. The numbers total $1.3 billion when adding in debt and preferred stock amounts. Charlotte, N.C.-based […]

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 […]

Covad Improves Losses

Covad Communications Group Inc. on Thursday reported a first quarter 2006 net loss of $9.3 million, or 3 cents per share, up from the companys net loss of $26.8 million a year previously. The results also are an improvement from the $17.9 million net loss, or 7 cents per share, the company recorded for the […]

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