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Level 3 (LVLT +9%) jumps after its Q4 report revealed the debt-laden carrier, which is in the...

Level 3 (LVLT +9%) jumps after its Q4 report revealed the debt-laden carrier, which is in the process of digesting Global Crossing, to be in better financial shape than investors feared. Free cash flow for the quarter was $126M, compared with -$34M in the year-ago period. In addition, Level 3 is guiding for adjusted EBITDA to grow 20%-25% in 2012, though it expects free cash flow for the year to be negative. (PR)
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