Key Developments: Neutral Tandem Inc (IQNT.O)
5.81USD
24 May 2013
$-0.02 (-0.34%)
$5.83
$5.78
$5.88
$5.70
244,464
833,063
$14.15
$2.10
Latest Key Developments (Source: Significant Developments)
Inteliquent Planning Quarterly, Special Dividends-AP
The Associated Press reported that Inteliquent planning a quarterly dividend of 6.25 cents per share and a special dividend of $1.25 per share within the next three months. Full Article
Inteliquent Lowers FY 2013 Revenue Guidance; Raises FY 2013 EBITDA Guidance
Inteliquent revised fiscal 2013 guidance and expects revenue to be in the range of $200-$210 million and adjusted EBITDA in the range of $34-$40 million. Earlier the Company provided revenue in the range of $240-$250 million and EBITDA in the range of $27-$34 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $253 million and EBITDA of $25 million for fiscal 2013. Full Article
Inteliquent Issues FY 2013 Guidance Below Analysts' Estimates
Inteliquent announced that for fiscal 2013, it expects revenue to be in the range of $240-$250 million and adjusted EBITDA to be in the range of $27-$34 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $255 million and EBITDA of $39 million for fiscal 2013. Full Article
Inteliquent Lowers FY 2012 Guidance
Inteliquent announced that for fiscal 2012, it expects revenue to be between $265 million and $275 million and adjusted EBITDA, a non-GAAP financial measure, to be between $60 million and $65 million. Full Article
Inteliquent Declares Special One-Time Cash Dividend
Inteliquent announced that Board of Directors has declared a special one-time cash dividend of $3.00 per share, or approximately $97 million in the aggregate. The dividend will be funded with available cash on hand. The payment date for the special one-time cash dividend is October 30, 2012. The record date for the special one-time cash dividend is the close of business on October 16, 2012. Full Article
Inteliquent Appoints David Zwick As Chief Financial Officer
Inteliquent announced that David Zwick has been appointed Chief Financial Officer and Executive Vice President. Mr. Zwick assumed his new role effective October 1, 2012. Mr. Zwick joined Inteliquent in August 2011 as Senior Vice President of Business Development. In that role, Mr. Zwick was responsible for Inteliquent's corporate strategy, mergers and acquisitions, business development and strategic alliances. Full Article
Inteliquent Announces Changes to Management Team
Inteliquent announced certain changes to its management team. Surendra Saboo, the Company's President and Chief Operating Officer, informed the Company of his decision to step down as President and Chief Operating Officer effective October 1, 2012. In addition, Robert M. Junkroski, the Company's Chief Financial Officer(CFO), informed the Company of his decision to step down as CFO effective October 1, 2012. It is anticipated that Dr. Saboo and Mr. Junkroski will remain employed with the Company until November 1, 2012 to assist with the transition of their responsibilities. The Company's Board of Directors is currently identifying Mr. Junkroski's successor as the Company's Chief Financial Officer. The Company's Board of Directors is not currently planning to hire a successor to fill Dr. Saboo's positions. Full Article
Inteliquent Teams With Turkcell Superonline to Offer Service in Turkey
Inteliquent announced the establishment of its Turkish subsidiary, as well as its strategic alliance with Turkey's Turkcell Superonline. With these initial steps, Inteliquent plans to expand its operations and will soon begin to offer service to Turkey and the Middle East via a Point of Presence (PoP) hosted inside the Turkcell Superonline datacenter. The agreement between Inteliquent and Turkcell Superonline is a strategic alliance enabling Inteliquent to become an international provider of advanced IP Transit and Ethernet network services from the Istanbul PoP hosted by Turkcell Superonline. Full Article
Inteliquent Announces Strategic Alliance With Vox Telecom
Inteliquent announced strategic alliance with Vox Telecom, independent telecom operator, providing voice and data services to the Southern African market. The agreement both strengthens Inteliquent's coverage throughout Southern Africa and provides Vox access to Inteliquent's EtherCloud(SM) solution across the globe. The agreement provides Vox Telecom access to Inteliquent's EtherCloud solution to extend its Global Ethernet reach by leveraging on Inteliquent's over 130 points of presence (PoP) worldwide, significantly increasing the availability of Vox Telecom's Layer 2 Ethernet services to locations currently off-net; particularly in Europe and North America. Moreover, Inteliquent will leverage Vox Telecom's comprehensive coverage in the Southern African region to fulfill growing demand for Ethernet in that market. Full Article
Inteliquent Lowers FY 2012 Guidance
Inteliquent announced that it has revised downward its fiscal 2012 financial estimates. The Company now estimate revenue for fiscal 2012 to be between $280 million and $290 million and adjusted EBITDA, a non-GAAP financial measure, for fiscal 2012 to be between $74 million and $82 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $294 million and EBITDA of $80 million for fiscal 2012. Full Article
Earnings vs. 
Estimates
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