Nortel refinances
Nortel Networks will refinance a loan due this month with a newly obtained one-year, $1.3 billion credit facility, the company announced today...
Broadwing CEO steps down
David Huber has stepped down as chief executive officer of Broadwing, though he will continue to be the chairman of its board of directors, the company announced today...
Nortel puts stamp on broadband return
Nortel and Huawei Technologies today announced they are creating an Ottawa-based joint venture that plans to develop broadband access products. (Photo by Mike Cassese/Reuters/Landov)...
OnFiber revenue grew 24% in 2005
In its fifth year of consecutive revenue growth, OnFiber Communications reported growing its overall revenue 24% in 2005 to more than $50 million...
Grande names new CEO
Texas carrier Grande Communications named Roy Chestnutt its new chief executive officer today, effective Feb. 13...
Entone, Verimatrix team up on secured VOD
Video-on-demand platform vendor Entone Technologies and security provider Verimatrix today announced they have integrated their two products to create a secured VOD platform...
‘Staggering’ SmartEdge growth brings Redback profits
Redback Networks announced its first profitable quarter in more than five years last night, thanks to growth in sales of its SmartEdge router products that Chief Executive Officer Kevin DeNuccio called “staggering.”...
Movaz latest optical vendor to find VC funds
Movaz Networks has closed a $20 million funding round and secured an additional $12 million line of credit, the five-year-old optical networking equipment vendor announced today, bringing the company’s total funding to $182 million...
IP set-top market ready for consolidation
Despite the lack of volume shipments in 2005 and 2006, the market for IP set-top boxes already has started consolidating, according to a recent study from The Diffusion Group. ...
Nortel makeover may leave Lucent envious
The ongoing overhaul of Nortel Networks' corporate management staff at the hands of its new chief executive may spark envy among employees and investors at the company's rival, Lucent Technologies...
Fast Forward: Charles Moldow, Foundation Capital
Charles Moldow, who recently joined Foundation Capital as a venture partner, knows what it takes to develop successful start-ups, having been on the founding teams of both Tellme Networks and @Home...
Salira deploys GE-PON for Bangladesh integrator
Salira Systems, a vendor of Gigabit Ethernet passive optical networking equipment, announced it has built a standards-based GE-PON architecture in the city of Dhaka, Bangladesh, for systems integrator Sirius Broadband...
Allied Telesyn kick starts GEPON effort
Allied Telesyn today said it has deployed the world’s first Gigabit Ethernet PON in a commercial network, activating its integrated Multiservice Access Platform (iMAP) platform with Kansas independent telco Twin Valley Telephone. ...
Accton, Sandburst team up on metro access
Accton Technology today announced it has developed a metro access switch using Sandburst’s HiBeam chipset...
Looking for product fat at Lucent
After Lucent Technologies delivered its bad news this month, some on Wall Street wondered if the company should consider cutting some of its less popular products...
CopperCom backs coalition for compensation reform
CopperCom will announce this week that it has donated $100,000 to the Coalition to Keep America Connected, a group dedicated to reforming universal service and inter-carrier compensation...
Alltel hit by hurricane costs, maps ’06 growth
Alltel said today that its fourth quarter and full year 2005 revenue jumped...
Level 3 takes credit rating up a notch
Standard & Poor’s raised its corporate credit rating for Level 3 Communications from “CCC” to “CCC+” following the carrier’s recent debt exchange, even though S&P viewed the move as a selective default on Level 3’s debt...
S&P comes clean on wireline risks
Standard & Poor's Ratings Services today said that the quick success of cable operators such as Cablevision in the residential voice market is causing it to reassess the business risk for the largest incumbent local exchange providers...
Ikanos goes up the VDSL stack with ADI acquisition
Ikanos Communications, which perhaps has been best known as a VDSL chip vendor, today announced the acquisition of the network processor product line of Analog Devices Inc. for $30 million in cash...
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