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.
http://www.level3.com
