Thursday Roundup: CenturyLink, RETN, GTT

August 13th, 2020 by · Leave a Comment

A few news items from some global network operators, two on the financial front and one technology deployment:

CenturyLink is taking care of a bit of refinancing business, taking advantage of the low rates out there to push out maturities while still cutting interest expense. Their Level 3 Financing subsidiary has completed a private offering of $840M notes due 2029 at 3.625%. They’ll use all of that to refinance $140M of 5.625% senior notes and $700M of 5.125% senior notes, all of which had 2023 due dates.

RETN is bringing on some new monitoring capabilities to help manage its global network. They have deployed Accedian Skylight to keep a closer eye on the company’s network and services in real time. RETN’s network has been steadily expanding, now reaching 300+ PoPs on 73,000km+ of fiber mostly in Europe and Asia. The upgrade will enable them to ensure predictable low latency and high service availability.

And what exactly is going on over at GTT? This week the company filed an NT-10Q with the SEC, as they are unable to file their quarterly numbers after ‘certain issues related to the recording and reporting of Cost of Telecommunications Services and related internal controls.’ That’s never good obviously, but it covers a lot of territory. GTT is still supposedly closing in on announcing a buyer for its infrastructure business this month, so the timing is a bit awkward at best.  

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Categories: Financials · Software · Telecom Equipment

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