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Level 3 reports $1.59B in Q2 revenues, but slow UK government sales drive losses - Fierce Telecom
Level 3 Communications (NYSE: LVLT) reported Wednesday that while continuing core network growth contributed to its $1.59 billion in revenue--$62 million less than the same period a year ago--as sluggish UK government sales drove a wider than expected loss. Click here for selected slides from Level 3's investor presentation. Driven by strong enterprise sales, Core Network Services (CNS) continued to be a strong performer in Level 3's portfolio, growing 0.7 sequentially to $1.39 billion. North America's CNS revenues grew 1 percent. "Our North America and Latin America businesses performed well...
Published By: Fierce Telecom - Thursday, 26 July, 2012