TGIF, here’s a quick look at the news that slipped past me during the week:
lyns updated its guidance for the fourth quarter of 2010, promising an unexpected bounty – profitability. The company also unveiled some unaudited results for October: revenues of $6.61M and gross profit of $2.23M. The boost comes in part from the acquisition of SouthEast Telephone, and in part due to its shift in emphasis toward higher margin products. Lightyear’s numbers have been in flux, and it has been hard to get a handle on where they will come out, so 2011 should be fun to watch. Earlier this year, Lightyear suggested it would make a series of acquisitions, if they meant it then they are due…
XO Holdings (news, filings) picked up a national MPLS IP-VPN contract with the commercial real estate organization Transwestern. The solution will connect up 26 locations in 11 states with the company’s private cloud. Did they say private cloud? Interesting. Along with the WAN, XO is also providing dedicated internet access and voice.
Meanwhile, TDS Telecom became the latest independent ILEC to dabble in the managed hosting space by acquiring TEAM Companies. TEAM operates three data centers located in Madison WI, Cedar Falls IA, and Des Moines IA. With the combined 20,000 square feet, TEAM serves a variety of managed services to enterprises. TDS will use the assets to begin working on cloud services, targeting growth in the . Windstream and Cincinnatti Bell made similar acquisitions earlier this year.
And finally, the long dark tea time of soul of KPNQwest may now be complete. The Dutch Supreme Court says the probe into the 2002 bankruptcy must end, allowing the settlement between KPN, Qwest, and investors to be completed. Seems like most of the ghosts of the bubble have moved on, hopefully this one can now too.
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