Privately-held New Edge Networks announced it achieved for the first time positive earnings before interest, taxes, depreciation, and amortization, or EBITDA, a key financial target. The company expects to begin producing surplus cash flow in July 2003.
http://www.newedgenetworks.com
- In April 2003, New Edge Networks announced a strategy to acquire additional broadband carriers and data networking providers as a means of adding to its cash flow growth. The company placed classified ads in various telecommunications trade magazines and posted messages on Internet bulletin boards soliciting interest among communications companies that could add customers, network traffic, product set, or geographic reach. New Edge Networks primarily provides data and broadband services to business customers.