A round up of the sector news can be found on Telecom Ramblings. My own ramblings are here.
Big news is that Vonage made a profit based on a one-time charge from debt conversion. (That happened to Level3 once too. One quarter of profit. Maybe its by design.) Anyway, Vonage has a net loss of 6000 subs. Vonage's ARPU is $28.86 and its customer acquisition cost is down $19 to $290; its churn increased from 2.9% to 3.1%. Ouch! $224M in revenue for the quarter. Hard to believe that its a $800M company. Astounding.
Paetec was flat with $399M in quarterly revenue. A cash balance of $144.0 million at March 31, 2009, which they will need to pay off about $80M in debt and interest according to a hedge fund source of mine. "As of March 31, 2009, PAETEC had $928.2 million in debt under its revolver, term loan credit facility and senior notes." $1.2B in revenue and $928M in debt. You can read all about the Indebtedness in the release. No subscriber counts or ARPU or churn numbers.