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Level 3 Communications, Inc. (NYSE: LVLT) announced that its wholly owned subsidiary, Level 3 Financing, Inc., has received commitments from lenders to increase the borrowings under its existing senior secured credit facility through the creation of a new $550 million Tranche B III Term Loan. The...

In its report, Oppenheimer writes, “LEAP reported stronger than expected 3Q11 customer volumes on lower churn, and smartphone adoption helped by increased promotions. Regardless, the results bode well for the prepaid sector as it enters its seasonally strong 4Q. SBAC's report was slightly below...

Citigroup has upgraded Level 3 Communications (NYSE: LVLT) from SEll to neutral and has removed its $7.50 price target while awaiting cost details on GLBC acquisition.

Blueshift Ideas is out with a series of tweets on the content delivery network space, and is negative on the space, as it becomes a commodity. In their research, Blueshift notes that names like Akamai (NASDAQ: AKAM), Level 3 Communications (NASDAQ: LVLT) and Limelight Networks, Inc. (NASDAQ: LLNW...

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has signed an agreement with the Texas Department of Information Resources to provide access to a range of Level 3's advanced network services. The Texas DIR serves more than 700 government agencies, educational institutions and...

Shares of Level 3 Communications (NASDAQ: LVLT) are higher on the session by 9.21%, currently trading at $1.66. The stock has been moving largely higher over the past few session and is currently testing the 50-day moving average. Options traders are focusing on calls today. A short while ago the...

Level 3 Communications, Inc., (NASDAQ: LVLT) today announced that it has completed its acquisition of Global Crossing Limited. The transaction was structured as a tax-free, stock-for-stock exchange. The company also announced that it will conduct its business on a worldwide basis using the Level...

Level 3 Communications, Inc. (NASDAQ: LVLT) and Global Crossing Limited (NASDAQ: GLBC) today announced that the U.S. Department of Justice has cleared Level 3's previously announced acquisition of Global Crossing. The clearance completes the process under the Hart-Scott-Rodino Antitrust...

Level 3 Communications, Inc. (NASDAQ: LVLT) earlier today announced it is providing content delivery network services to support the live online streaming of TV programming to PC, iPhone and iPad users in Spain for leading Spanish broadcaster Prisa TV. As part of Prisa TV's new offering, Level 3...

Vonage Holdings Corp. (NYSE: VG) announced today that as a result of the full repayment of its $200 million institutional term loan on July 29, 2011, the ratings provided by Moody's and Standard and Poor's are no longer necessary. As a result, Standard & Poor's today announced the withdrawal of...

United Therapeutics (NASDAQ: UTHR) -21.25% after being downgraded to Neutral by JP Morgan. American Eagle Outfitters (NYSE: AEO) -7.06% on lower than expected earnings and guidance. Vonage Holdings (NYSE: VG) -6.15% after gaining 9% yesterday. Human Genome Sciences (NASDAQ: HGSI) -5.18% after...

PAETEC Holding Corp. (NASDAQ: PAET) and its subsidiaries which serve the growing network needs of government enterprises and carrier customers announced today that it has been awarded a three-year contract by the Defense Information System Agency to provide the U.S. Army Aberdeen Proving Ground...

Citi has published a research report on Vonage Holdings Corp (NYSE: VG) lowering the price target. In the report, Citi wrote, "We are encouraged by VG's recent debt refinancing that should lower interest expense by another $20 mil. annually, while we believe the company has room to lower capital...

PAETEC Holding (NASDAQ: PAET) announced that its previously announced consent solicitation seeking consents of the holders of its 9.5% Senior Notes due 2015, 8⅞% Senior Secured Notes due 2017, and 9⅞% Senior Notes due 2018 expired today at 5:00 p.m., New York City time. As of the Expiration Date, i...

Rodman & Renshaw has published a research report on Towerstream Corporation (NASDAQ: TWER) In the report, Rodman & Renshaw wrote, "Towerstream (TWER, Market Outperform) reported second quarter 2011 revenue of $6.6 million, up 10.5% Q/Q and 35% Y/Y , breezing past our estimates of $6.5...