Key Developments For PAETEC Holding Corp.
PAETEC Holding Corp. (PAET.O) (Nasdaq)
PAETEC Holding Corp. Reaffirms FY 2009 Guidance
PAETEC Holding Corp. reaffirmed fiscal 2009 guidance and expects revenue of $1.575-$1.585 billion and adjusted EBITDA of $245-$255 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $1.580 billion and EBITDA of $247 million for the same period.
PAETEC Holding Corp. Issues FY 2009 Outlook In Line With Analysts' Estimates
PAETEC Holding Corp. announced that for fiscal 2009, it expects revenue of $1.575-$1.585 billion and adjusted EBITDA of $245-$255 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $1.578 billion and EBITDA of $249 million for the same period.
PAETEC Holding Corp. Announces Stock Repurchase Program
PAETEC Holding Corp. announced that its Board of Directors has authorized a new stock repurchase program that would allow the Company to repurchase up to $25 million of the Company's outstanding common stock through December 31, 2010. The Company may repurchase shares from time to time, at the Company's discretion, on the open market or in private transactions. The repurchase program does not obligate the Company to repurchase any specific number of shares and may be modified or discontinued at any time.
New York State Office of the Chief Information Officer/Office For Technology Selects PAETEC Holding Corp. To Deliver Voice Services
PAETEC Holding Corp. announced that the New York State Office of the Chief Information Officer/Office for Technology (CIO/OFT) has selected PAETEC to deliver core voice services to the State agencies on the State`s network. The agreement will represent over six million minutes per month in voice services, distributed between local and long distance service.
PAETEC Holding Corp. Opens Advanced 6,500 Square Foot Data Center
PAETEC Holding Corp. announced the opening of an advanced data center in Bethlehem, Pa. The 6,500 square feet of space available for customers includes the newest advancements in equipment with connectivity up to 10 Gbps, more energy efficient devices, higher cooling capacity to meet applications and a new Bi-Fuel power system providing redundant power generation fueled by conventional diesel, or a cleaner combination of diesel and natural gas.
