Level 3 conducts debt exchange; ooma raises $14 million

> Level 3 exchanges $78.2 million in cash and $200 million in new convertible notes for $281.9 million in existing convertible notes held by one of its investors.

> VoIP player Ooma raises $14 million in funding from Worldview Technology Partners and others.

> Kentucky's South Central Rural Telephone Cooperative deploys Adtran system to support triple play services.

> Allot Communications combines caching, deep packet inspection in new MediaSwift product.