Avaya officially files for IPO; ACA president rails against USF broadband funding

Wireline news from across the Web:

> Avaya's owners Silver Lake and TPG Capital officially filed papers for an initial public offering (IPO) where they hope to raise as much as $1 billion. Article

> AT&T will offer free WiFi in 20 locations around New York City's Times Square in an effort to offload traffic from their 3G network. Article

> Level 3 Communications' Level 3 Escrow subsidiary has completed its previously announced offering of $600 million aggregate principal amount of its 8.125 percent Senior Notes, due 2019. Release

> UK unbundled local loop (ULL) connections declined from 7.62 million at the end of April 2011 to 7.56 million in May, according to new data released by the UK's Office of the Telecommunications Adjudicator's (OTA). Article

> Vonage reported that its stockholders elected all nominees including Marc P. Lefar, John J. Roberts, Carl Sparks, David C. Nagel, including the appointment of new member Joseph M. Redling. Release

And finally ... Matthew Polka, the American Cable Association's CEO, argues that "Underserved is a dangerous term" and that USF funding should not be used to overbuild networks where cable is already offering broadband services today. Article

Suggested Articles

Zayo provides a key element to the project – a backbone fiber network that will link multiple rural markets.

The company is launching its first fiber connectors that are specifically designed to work with 5G small cells.

Veego Software, an Israel-based startup that uses AI to detect and fix problems in connected homes, announced its Home Scoring solution on Thursday.