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Mark Donahue Mark Donahue is an associate editor for Telephony magazine. Previously, he worked in The Associated Press’ Chicago bureau, as well as two trade publications. He graduated from...more

Archive for July 22nd, 2009

XConnect Certifies MERA VoIP Transit Softswitches

xconnect-logo-medium.jpgSuccessful Testing Paves the Way for MERA-Equipped Service Providers to Access XConnect Registry and Join XConnect Peering Federations


LONDON – July 22, 2009XConnect, the leader in Voice over IP (VoIP) and Next Generation Network (NGN) interconnection, today announced that a family of MERA Systems softswitches, including MVTS II (MERA VoIP Transit Softswitch) and MVTS Pro (MERA VoIP Transit Softswitch Professional), has been certified XConnect-Ready.

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Related Topics: Global, Broadband, VOIP |

Integra Telecom Restructures Debt

integra-logo-small.jpgintegra-logo-small.jpg

INTEGRA TELECOM RESTRUCTURES DEBT

Leading Business Telecom Provider Reduces Overall Debt by More than Half; New Shareholder Commitments Strengthen Balance Sheet

PORTLAND, Ore. – July 22, 2009 – Integra Telecom Inc., a facilities-based, integrated communications provider for business, reached an agreement with requisite majorities in its three primary lender groups to effect a full restructuring of the company’s balance sheet. According to the agreement, all of Integra’s senior secured second lien operating company debt and unsecured parent company debt will be converted into common equity. As a result, the company’s overall debt will be reduced from almost $1.3 billion to approximately $600 million. This new debt level translates to 2.7 times Integra’s 2008 operating EBITDA (earnings before interest, taxes, depreciation and amortization) of $225 million. Additionally, Integra will welcome Goldman, Sachs & Co., Tennenbaum Capital Partners, and funds managed by Farallon Capital Management LLC as major new shareholders. These shareholders join Warburg Pincus alongside other Integra investors. more

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