Alternative Carriers

Global Crossing Limited (Nasdaq: GLBC) today announced third quarter results for its subsidiary, Global Crossing (UK) Telecommunications Limited (GCUK). For the third quarter of 2010, GCUK generated revenue of 75 million pounds and Operating Income Before Depreciation and Amortization (OIBDA) of...

Premiere Global Services, Inc. (NYSE: PGI), a global leader in virtual meetings, announced today the final results of its “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on Friday, December 3, 2010. PGi today accepted for purchase 8,104,695 shares of its common stock...

PAETEC Holding Corp. (NASDAQ: PAET) and FTS Ltd. announced that PAETEC's wholly-owned subsidiary, PAETEC Software Corp. has signed a definitive agreement to acquire the entire assets and assume certain liabilities of Formula Telecom Solutions, Inc., a wholly-owned subsidiary of FTS, in a $13...

j2 Global Communications Inc. (JCOM), a leading unified collaborative messaging solutions provider, recently acquired Canada-based Protus IP Solutions Inc. Protus is a Software-as-a-service (SaaS) solutions provider for business enterprises.  j2 Global paid approximately $213 million in cash for...

j2 Global Communications Inc. (JCOM), a leading unified collaborative messaging solutions provider, recently acquired Canada-based Protus IP Solutions Inc. Protus is a Software-as-a-service (SaaS) solutions provider for business enterprises.  j2 Global paid approximately $213 million in cash for...

Level 3 Communications, Inc. (NASDAQ: LVLT) today issued the following statement. Level 3 and Comcast have been in a disagreement over Comcast's NASDAQ: CMCSA) announced intention to demand an ongoing payment from Level 3 and others for delivering content to Comcast, such as movies, that Comcast's...

Gilat Satellite Networks Ltd. (Nasdaq: GILT) today reported its results for the quarter ending September 30, 2010. Revenues for the third quarter of 2010 were $58.0 million compared to $54.6 million in the same period of 2009. Net income for the third quarter of 2010 was $36.2 million or $0.86 per...

Arbinet Corporation (NASDAQ: ARBX) is down 19% after the company agreed to be acquired by Primus Telecommunications Group in a stock for stock transaction. Arbinet Corporation provides international voice, data, and managed communications services for fixed, mobile, and wholesale carriers.

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has been selected to serve as a primary content delivery network (CDN) provider for Netflix, Inc. (NASDAQ: NFLX) to support the company's streaming functionality and to support storage for the entire Netflix library of content. As...

According to CNBC, Level 3 Communications, Inc. (NASDAQ: LVLT) has confirmed it now has a deal with Netflix (NASDAQ: NFLX) to be its content delivery partner. LVLT took this deal away from Akamai (NASDAQ: AKAM), and shares of Level 3 are skyrocketing on the news. At last check, shares were up 15...

Morgan Joseph Upgrades the following companies from Hold to Buy: CEC Entertainment (NYSE: CEC); price target $43 Towerstream (NASDAQ: TWER); $4.75

Shares of Cogent Communications Group, Inc. (Nasdaq: CCOI) are trading up 7.6% at $11.65 per share during the Thursday afternoon trading session. The day's trading range for shares of Cogent Communications Group, Inc has been between $11.04 and $11.93 per share. Analysts covering the company's...