Wednesday, July 13, 2011

Level 3 Confirms Q2 Financial Expectations

Level 3 Communications confirmed the following previously issued expectations for the second quarter 2011:

  • the company expects sequential growth in Core Network Service revenue to strengthen,

  • low double digit percentage growth in consolidated adjusted EBITDA in 2011 vs. 2010,

  • capital expenditures of approximately 12 percent of Communications revenue for the full year 2011,

  • free Cash Flow roughly breakeven for the last three quarters of 2011 in aggregate.

These expectations exclude any effect from the pending Global Crossing acquisition.

See also