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Article: Time Warner Telecom Reaffirms Drive to Profitability; - Expects Cost Efficiency Efforts to Maximize Free Cash Flow(1) -.
- Article from:
- PR Newswire
- Article date:
- August 22, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- - Announces Workforce Reduction of Approximately 230 Employees -
LITTLETON, Colo., Aug. 22 /PRNewswire-FirstCall/ -- Time Warner Telecom Inc. , a leader in providing metro and regional optical broadband networks and services to business customers, today announced efforts to reduce costs and maximize free cash flow. Free cash flow is defined as EBITDA(2) less capital expenditures.
"Time Warner Telecom is financially strong, but we believe that we must take the next step to demonstrate a clear path to profitability," said Larissa Herda, Time Warner Telecom's Chairman, CEO and President. "We have accomplished the first step by achieving sustained ...