Cyan, an emerging software-defined networking and packet-optical transport platform vendor, saw its initial public offer of 8 million shares of common stock, priced at $11 per share, open at $10.05 this morning on the New York Stock Exchange.
Broadband proponents hail Google Fiber's buildouts in Kansas City, Austin and Provo as a smart, fast way to get 1 Gbps service into more areas of the United States. But the Internet search giant's potential dominance of the broadband network space may endanger the ideal of open access for other providers.
CenturyLink saw an uptick in broadband and Prism IPTV subscribers that drove up its Q1 2013 strategic consumer revenues 5.4 percent year-over-year to $620 million, but the carrier's overall consumer revenues declined, and it forecast "significantly lower" broadband growth in the next quarter.
Google Fiber named Grandview, Mo., as the latest addition to its Kansas City-area fiber to the home network after the city's board of aldermen voted to bring the service to their community.
Lumos Networks has put its "edging out" network expansion strategy into action by hatching plans to build 100G optical wavelength routes connecting Richmond to Ashburn and Lynchburg in Virginia.
AT&T and the IBEW System Council T-3 have ratified a four-year contract covering almost 6,500 wireline employees in Illinois, northwestern Indiana and other local union branches throughout the United States.
Cogent Communications reported that on-net network revenue rose 2.1 percent sequentially to $61.7 million with the addition of business and wholesale service customers in Q1 2013.
CenturyLink reported on Tuesday afternoon that most of the outages that left an estimated 1 million consumer and business broadband customers without Internet service in 21 states has been restored.
FairPoint Communications reported that data and Internet services revenue grew 15 percent to $38.1 million with residential DSL and business-grade Ethernet services attracting new customers.
Frontier Communications reported that Q1 data service revenues rose $18.3 million, or 9 percent, helping to partially offset ongoing losses from traditional local and long-distance voice service revenues.