PAETEC to Acquire Allworx

PAETEC Holding Corp. (NASDAQ GS: PAET) announced today that it has signed a definitive agreement to acquire Allworx Corp., a privately held company, in a $25 million all-cash acquisition. Allworx develops, designs, markets, and sells a complete phone and network system. Upon the closing of this acquisition, PAETEC will add a subsidiary with manufacturing, distribution, and software and digital hardware engineering services that are designed to benefit small and medium-sized businesses. The transaction is subject to customary closing conditions and is expected to be completed in October 2007.

Level 3 files FCC proposal

 Level 3 Communications, Inc. (NASDAQ: LVLT) filed a proposal with the Federal Communications Commission (FCC) suggesting a possible resolution to the special access regulation proceeding currently pending before the FCC. Level 3’s proposed solution would enable the FCC to undertake a comprehensive review of the competitive marketplace and establish new rules to address concerns over current special access services.

TelePacific Expands Service to Reno

TelePacific Communications, a leading provider of business telecommunications network solutions, today announced that the company has expanded its service territory to include Reno, Nevada. The expansion means TelePacific now provides service to every major metropolitan area in Nevada and California.

Telarus Partners With BandTel for SIP Solutions

Telarus, Inc., premier telecom master agent has entered into a strategic partnership with BandTel to provide SIP-based services to its growing base of 1,000 sales agents and 2,000 VAR partners. This new relationship will make BandTel the flagship SIP provider in Telarus’ vast buffet of commercial telecom products.

TelePacific Communications “Fastest Growing Private Companies in America”

TelePacific Communications has been named one of Inc. Magazine’s 2007 “Fastest Growing Private Companies in America.” The rankings are based on TelePacific’s impressive 294.5% revenue growth from 2003 through 2006.TelePacific ranked highly on several category lists, including:

• 39 in the Top 100 Companies nationwide by Dollars of Growth;
• 51 in the Top Companies in Telecommunications by Percent of Growth; and
• 67 in the Top Companies in the Los Angeles area by Percent of Growth.

PEATEC nominated for the Corporate Stewardship Award

The U.S. Chamber of Commerce’s Business Civic Leadership Center (BCLC) today named PAETEC, headquartered in Fairport, NY, as a finalist for a Corporate Citizenship Award in the category of Corporate Stewardship, Small/Midsize Business.

“The businesses being nominated for the Corporate Stewardship Award are models of business citizenship at its finest,” said U.S. Chamber President and CEO Thomas J. Donohue. “PAETEC has earned this recognition for its dedication and attention to the needs of its customers, investors, employees, and community.”

PAETEC Q2 2007

• Revenue of $274.5 million, which represented an 89% increase over second quarter 2006 revenue of $145.6 million;
• Adjusted EBITDA* of $52.5 million, which represented a 109% increase over second quarter 2006 adjusted EBITDA of $25.1 million;
• Net income of $6.0 million compared to a $<5.8> million net loss in second quarter 2006;
• Free cash flow* of $31.5 million, which represented the 18th consecutive quarter in which PAETEC Holding or its predecessor generated positive free cash flow;
• Ended the quarter with a cash balance of $84.5 million;
• An increase of 141% in the number of access line equivalents in service, from 1.10 million as of June 30, 2006 to 2.65 million as of June 30, 2007; and
• Successful completion on July 10, 2007 of amendments to PAETEC’s existing bank credit facility and a $300 million senior note offering priced at the end of the quarter.

XO Q2 2007

• Total Sequential Revenue Grew 1% to $352.9 Million
• Data and IP Services Revenue Up 18%, Core Services Revenue Up 5% Compared to Same Period Last Year
• Total Sales Bookings Up 12% Compared to Same Period Last Year
• Strong Demand for High-Capacity Inter-City Network Transport Services with Number of Orders Up 483% Compared to Same Period Last Year
• Continued Network Investments with Recently Announced 800/Gbps Capacity Upgrade to Meet Current and Future Customer Demand for High-Capacity Services
• Nextlink Expansion to 37 Operating Markets, Creating Nation’s Largest Broadband Fixed Wireless Access Network

Global Crossing Q2 2007

• Consolidated revenue grew 19 percent year over year to $547 million.
• Sales order volume for “invest and grow” hit all time high of $4.8 million in May.
• Adjusted cash EBITDA improved to $8 million in the second quarter.
• Company’s cost-cutting initiatives expected to yield close to $40 million per annum savings.

Telarus launches Ethernet lit buildings tool

Telarus today announced the launch of a new marketing web site that focuses on businesses looking for Ethernet over Copper (EoC), Ethernet over Serial (DS1), fast (100 mbps) and gigabit (1 gbps) Ethernet broadband availability: ShopforEthernet. The web site, powered by GeoQuote and Google maps, enables the general public to search for lit buildings where broadband carriers have a physical presence. The results are displayed on a dynamically generated map for easy viewing.

“We are very excited about the launch of ShopforEthernet,” commented Adam Edwards, president of Telarus. “Giving the public visibility into the location of telecommunications equipment is a major advance in this industry, which has traditionally kept this information very close to the vest.”
Finding “lit” buildings where Ethernet broadband is available is very important to larger companies with high bandwidth requirements. By plugging in directly to a telecommunications carrier via Ethernet, customers avoid the expensive loop charges assessed by the local phone company.

CLEC’s still fighting Verizon

According to the FCC Public notive below some CLEC’s are still fighting Verizon. It looks like this forbearance order slipped the cracks before without any action. Covad, Nuvox and XO are the original filer of the petition.

Qwest Launches Networx Enterprise Services

Qwest Communications International Inc. (NYSE: Q) today launched the leading-edge voice, data, IP and video services, including managed and secure advanced data networks, it is offering on the GSA Networx Enterprise contract. The company also opened its newly expanded state-of-the-art network operations center (NOC) in Arlington, Va., to serve federal customers under the Networx program.