Looking Glass Networks, a privately-held provider of metropolitan telecommunication transport services, announced a financial milestone — turning adjusted EBITDA positive, after excluding certain non-cash charges in the first quarter. Looking Glass’ first quarter 2004 recurring revenue also increased over 60% from the same period in 2003.
The company said that by owning physically diverse fiber networks, electronics and facilities, it has been able to sustain revenue growth and profit margins with controlled operating expenses. Its network interconnects with more than 133 carriers, has over 650 PoPs, 400 on-net buildings and 860 Type II buildings. http://www.lglass.net/
