Paetec posts 85% revenue increase for Q1

Revenue at Paetec Holding Corp was up 85 percent to about $358.8 million in the first quarter, growth that could be attributed to the acquisitions of McLeodUSA and U.S. LEC last year. The company had a net loss of about $3 million for the quarter, partly due to the loss of a major wholesale customer, as well as costs related to the acquisition. However, its loss was lower than the $5.8 million net loss it showed for the first quarter of 2007. Paetec said it is in the process of integrating McLeodUSA.

For more:
- read this story at The Rochester Democrat and Chronicle

Suggested Articles

The Fiber Broadband Association released a study that said all-fiber deployments were on pace to hit about 50% of U.S. households by 2025.

International fiber backbone provider Telia Carrier announced on Monday that it's using RPKI for security in its internet routing infrastructure.

Frontier Communications is looking to rebound from a disappointing second quarter last month by offering a new managed cloud IT service.