Alcatel, Lucent offer to pay lenders for more accounting freedom
Days before their merger is expected to close, Alcatel and Lucent Technologies are offering their lenders cash in exchange for the ability of the combined company to avoid having to report Lucent’s financials separately following the merger...
AT&T, BellSouth merger wait vexes vendors
As the pending merger of AT&T and BellSouth awaits approval and completion, the wait is generating anxiety among equipment vendors that supply the two carriers. Until the merger closes, they fear, purchasing decisions could be delayed, and a general uncertainty over future network plans leaves vendors in the dark...
Siemens fraud probe expands
A criminal investigation of Siemens’ telecom business has broadened in terms of the dollar amount involved and the number of arrests made, according to the Wall Street Journal...
Extreme bonuses tied to employee retention
Having struggled to build an effective sales force for much of this year, equipment vendor Extreme Networks has tied the annual bonuses of its top executives in part to how well the company retains its employees...
Pac-West secures funding for buildout
Pac-West Telecomm, a company in the midst of an ambitious buildout of a national wholesale voice-over-IP network, today announced a major financial restructuring that includes significant new financing from Columbia Ventures, a major telecom venture capital player...
Hawaiian Telcom struggles for independence
Hawaiian Telcom’s revenue grew and its net loss shrank in the third quarter, but the former Verizon subsidiary admitted it is struggling with efforts to adjust to life as a standalone company...
Motorola acquires Netopia
Motorola will acquire Netopia for about $208 million in cash, the companies announced today...
ITC^Deltacom reports shrinkage
ITC^Deltacom reported shrinking revenue and growing losses for the third quarter of 2006, largely the result of a drop in long-distance service revenue and the company’s exit from two businesses late last year. Meanwhile, its earnings before interest, taxes, depreciation and amortization was up 4% from a year earlier to nearly $17.5 million...
Cisco buys metro Ethernet chipmaker
Cisco Systems will acquire metro Ethernet chipmaker Greenfield Networks, the companies announced today...
Service providers warm up to Cisco
Service providers helped Cisco Systems report a record $8.2 billion in revenue in its first fiscal quarter of 2007 (up 25% from a year earlier). The vendor’s service provider business boasted the highest growth of any of its segments for the first time in six quarters...
TWT narrows loss
Time Warner Telecom announced improved results from a third quarter that included major financial events including closing of its acquisition of Xpedius, the metro fiber optic service provider TWT bought for $576 million...
Turin hires ex-Luminous CEO
Turin Networks has named Chris Stark its new president of worldwide sales and marketing. Stark was the chief executive officer of Luminous Networks, a vendor of resilient packet ring (RPR) equipment...
Nortel CEO unsatisfied with pace of progress
Nortel Networks reported solid revenue growth in the third quarter but vowed to work harder to tighten its cost structure. Though Nortel Chief Executive Officer Mike Zafirovski expressed pride and optimism throughout the call, he said, “I’m not satisfied with the pace of our progress.”...
Cable companies make a comeback
The cable industry, led by Comcast, made a significant comeback in selling cable modems in the third quarter, according to Information Gatekeepers Inc., an industry analyst firm that has been predicting DSL growth will overtake cable modem deployment...
Surewest fights line loss with broadband
Surewest Communications reported revenue and net income growth in the third quarter as broadband growth offset access line losses...
CenturyTel beats the street with low Q3 earnings
Revenue was down $37.7 million from last year’s third quarter, but Monroe, La.-based CenturyTel beat earnings per share expectations by a nickel...
Wireless, data aid Cincinnati Bell’s third quarter
Cincinnati Bell’s wireless and data businesses helped the company overcome flatness in its third-quarter wireline business. Overall revenue was up 7% from a year earlier to $320 million in the quarter...
Extreme’s new CEO describes turnaround plans
Mark Canepa, who was named the new chief executive officer of Extreme Networks in August, highlighted his goals for reviving the Ethernet equipment vendor during its quarterly earnings call late Friday...
Extreme still struggling with sales
After a challenging 2006 fiscal year, Extreme Networks began fiscal 2007 with more bad news...
Ikanos’ manufacturing woes continue
The manufacturing problems that impacted sales for Ikanos Communications in the third quarter still persist and will continue to plague the company in the fourth quarter, the chip maker said during an earnings call today. In fact, those problems are now worse than the company knew when it lowered its third-quarter revenue expectations only three weeks ago...
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