QUOTE AND NEWS
Marketwire  Mar 20  Comment 
CHICAGO, IL -- (Marketwire) -- 03/20/12 -- Inteliquent (NASDAQ: IQNT), a leading provider of global interconnection and interoperability solutions, announces today that the International Business Times has ranked Inteliquent #228 on the 2011 IBT1000
Benzinga  Mar 12  Comment 
In a research report released earlier today by Morgan Stanley, Neutral Tandem Inc.'s (NASDAQ: IQNT) top-line and margins remain pressured, even after its attempt at rebranding as Inteliquent. According to Morgan Stanley, “Inteliquent...
Cloud Computing  Mar 12  Comment 
TELEHOUSE America (www.telehouse.com), the United States' leading provider of dedicated data centers, international Internet exchanges, and managed IT services, announces today that Inteliquent (NASDAQ: IQNT), (F/K/A Neutral Tandem/Tinet), a...
Telecom Ramblings  Feb 7  Comment 
Neutral Tandem has re-invented itself and its Tinet subsidiary today under a brand new name and a new stock symbol: [company id="IQNT"]. The driving force for the re-branding is obvious, as both the Neutral Tandem and Tinet brands were very...
Globe Newswire  Feb 7  Comment 
CHICAGO, Feb. 7, 2012 (GLOBE NEWSWIRE) -- Inteliquent (Nasdaq:IQNT), a leading provider of global interconnection and interoperability solutions, announces today the formal rebranding of Neutral Tandem and Tinet, as Inteliquent. The company's shares
Telecom Ramblings  Jan 16  Comment 
I had wondered when we would see something like this. At PTC this week, Carrier-neutral colocation giant [company id="eqix"] and wholesale IP, Ethernet and voice provider [company id="tndm"] have announced plans today to connect their respective...
Telecom Ramblings  Nov 8  Comment 
[company id="tndm"] reported its Q3 earnings this morning, posting revenues slightly above expectations as their per minute voice pricing held steady and pricing pressure in the IP transit stabilized somewhat.  Earnings per share were below...
Telecom Ramblings  Nov 7  Comment 
[company id="tndm"] made a major move today, adding a completely new product category to their wholesale lineup. They will be leveraging Cisco's Hosted Collaboration Solution (HCS) platform to offer a cloud-based unified communications product on...
Telecom Ramblings  Sep 27  Comment 
IP Networks, which operates a rather low profile metro fiber footprint in the San Francisco Bay Area, has signed on with Tinet and its EtherCloud. Tinet's EtherCloud was unveiled back in April, and represents the evolution of Neutral Tandem's...
Telecom Ramblings  Aug 9  Comment 
In parallel with their Q2 earnings report this morning, [company id="tndm"] unveiled a new HD Voice Interconnect product. As they have done with VoIP in general, the company is seeking to connect up islands of HD Voice, which offers greater call...




 
TOP CONTRIBUTORS

Neutral Tandem provides the infrastructure to telecom companies to connect to each others networks. The company offers an alternative to the traditional ILEC tandem services and it operates in specific geographic markets. Revenue is earned through the number of minutes the carrier actually uses as it connects calls through Neutral Tandem’s infrastructure.

Managements Perspective

  1. Broaden geographic presence: As the company increases the number of geographic markets it operates in, the number of potential connections expands geometrically. If a company has a base of 20 geographic markets and it adds just one more market, this one addition represents 20 possible connections between markets and hundreds of thousands of individual lines. TNDM entered an additional 30 markets in 2007 which brings the total to 64.
  2. Expand customer base: Neutral Tandem serves large and small carriers. Similar to the number of geographical markets, each additional customer that TNDM acquires represents a significant increase in the number of potential connections. Most recently, the company signed an agreement with Verizon Wireless (VZ), giving Tandem access to a large number of VZ’s wireless lines. The contract will begin to add revenue in 2008 but will not be fully integrated until the end of the year or early 2009. Additional customers like VZ push incremental revenue higher and make future earnings much easier to estimate.
  3. Grow volume of minutes: Since the company actually bills for the number of minutes between carriers, it needs to offer high quality service and have a strong reliable technology platform. TNDM grew its minutes 66% in 2007 to a total of 41 billion and is guiding further increases to 56-58 billion minutes in 2008.

Business Financials

The company has over $100 million in unrestricted cash and very little long-term debt. Capital expenditures will continue to be high as the company expands into 25 new markets in 2008. However, management has affirmed that 2008 will likely be the peak of capital expenditures with roughly $23-25 being spent to roll out the platform and technology necessary to serve these markets. While there will still be significant spending in 2009, the growth should begin to level out.[1]


Notes

  1. http://zachstocks.com/2008/03/neutral-tandem-tndm-supplydemand-imbalance
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