- 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
- 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 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.
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. Read the rest of this entry »
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. Read the rest of this entry »
Covad Communications Group Reports Second Quarter 2007 Results
Company continues focus on growth and profitability;
Subscription Revenue from Growth Products increased by 31%
Financial and Business Highlights
• $120.6 million in net revenues
• 31 percent increase in subscription revenue from Growth products from the second quarter of 2006
• $4.3 million in A-EBITDA
• $11.6 million ($0.04 per share) net loss
• $6.5 million usage of cash, cash equivalents and short-term investments, and restricted cash and cash equivalents
• 8 percent reduction in workforce resulting in expected savings of approximately $5.5 million in the second half of 2007
• Launched Bonded T1 and the nation’s first standalone ADSL 2+ service for businesses
• Over 12,000 line-powered voice access subscribers added, an increase of approximately 51 percent from the first quarter of 2007
• 19 percent increase in wireless subscribers, to 3,600, from the second quarter of 2006; expanded wireless network footprint in Los Angeles Read the rest of this entry »
AT&T Inc. (NYSE:T) has announced that 72 percent of businesses expect to migrate mobile voice and data applications to an Internet Protocol (IP) network by next year, according to a global survey conducted by the Economist Intelligence Unit (EIU) on behalf of AT&T.
The global survey of 395 senior executives reveals that mobile use is most extensive among senior management in Europe, with 91 percent of respondents reporting common use. By 2010, the business use of mobile phones and other devices by management and sales staff will be nearly universal and is expected to escalate among customer service, information technology (IT), marketing staff and field workers. Read the rest of this entry »