Some quick takes on news from network operators this morning: contracts for Lightpath and Hibernia and a refinancing and confirmation of guidance by Level 3:
Optimum Lightpath says it has helped Tekmark Global Solutions bring its infrastructure in-house. Via Ethernet pipes and VoIP services at its Red Bank, NJ solutions facility, the IT services provider has been able to streamline its operations and thus better serve its global customers.
Hibernia Atlantic says it will be providing diverse UK connectivity for ASK4, a provider of student residential broadband. Hibernia is providing bandwidth between London and Manchester using assets that bypass the usual routes, which is how they run things on both sides of the Atlantic.
And Level 3 is accessing the credit markets once again, this time to refinance its Tranche B II and Tranche B III Term Loans from just last year. As part of that effort, they reaffirmed their full year guidance, something they have done several times now in the past few months. The fact that they’re doing so again a few days prior to the end of Q3 suggests that EBITDA at least will not disappoint when they report in a few weeks.
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Categories: Financials · Metro fiber · Undersea cables
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Go Level 3!!! keep kicking the debt can down the road!!
The one and only thing they have been good it.
Perhaps they should become a debt management firm! They almost bring in more money in loans than in revenue.