TWT trims losses on revenue growth
Time Warner Telecom increased revenues and trimmed losses based on what its leaders called successful execution of a disciplined focus on the enterprise market...
Integra acquires ELI
Integra Telecom announced it has acquired Electric Lightwave from Citizens Communications for $243 million in cash and the assumption of $4 million in capital lease oblications....
Verizon draws on MCI international leadership
Drawing heavily on MCI’s former international leadership team, Verizon Business today announced its new international business organization, to be headed by Rory Cole as chief operating officer....
Skype, Google join investors in global Wi-Fi venture
Skype, Google and Sequoia Capital joined funding round leader Index Ventures in investing $21.7 million in FON, a three-month-old company based in Madrid, Spain, that intends to build a globally networked infrastructure of Wi-Fi hot spots...
Comcast not tops in telephony
Comcast reported fourth-quarter 2005 earnings that proved confusing more than anything. (Photographers/ Source: Bradley C. Bower/Bloomberg News/Landov)...
Alcatel wireline pushes revenue gain
Alcatel today reported fourth quarter sales of 4.094 billion Euros, up 7.6% from the same quarter last year. Partly on the strength of its fixed-line group, the company said its full-year net income was 931 million Euros, up 61% from 2004....
Huber goodbye costs Broadwing $400K
Broadwing will pay its departing chief executive officer David Huber a severance fee of $400,000 (equal to his annual base salary), the company disclosed in regulatory filings Wednesday....
$30M richer, Hammerhead hiring
Hammerhead Systems announced $30 million in new funding today, bringing the four-year-old equipment vendor's total funding to $80 million....
Tellabs hits edge routing sales target
Tellabs delivered better-than-expected results in the fourth quarter of 2005, including meeting its aggressive sales goal for its closely watched edge routing products....
AT&T doubles profit
Strong wireless growth and broadband expansion helped the "new" AT&T post a $1.66 billion profit in its first quarterly earnings report...
Verizon customer totals soar, but not earnings
Verizon trumpeted what it called industry record growth in both its wireless and broadband sectors, in announcing its 2005 financial results. The company added two million wireless customers and 613,000 net new broadband connections on its combined DSL-FiOS networks....
Level 3 acquires Progress Telecom
Level 3 Communications continued its expansion plans, buying Southeastern-based wholesaler Progress Telecom for $137 million, equally divided between cash and company stock....
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...
Extreme not executing
Extreme Networks reported disappointing revenue for its second fiscal quarter, which ended Jan. 1....
BellSouth profits fall on hurricane repairs
BellSouth revenues were up, due in large part to Cingular Wireless’ growth, but profits fell 55 percent for the fourth quarter, as the cost of hurricane recovery increased....
Verizon unwraps new business unit
Verizon is taking the wraps off its new Verizon Business unit, announcing both a global integrated product portfolio and new integrated wireless/wireline service offerings. (Photographers/Source: Rick Maiman/Bloomberg News/Landov)...
Once more into the breach
Industry veteran Royce Holland takes up his sword to save McLeod...
Notebaert: Qwest poised for profitable ‘06
Qwest Communications has cleaned up its balance sheet and is poised to be profitable in 2006, Chairman and CEO Richard Notebaert told the Citigroup Entertainment Media & Telecommunications conference. (Photo: David Scull/Bloomberg News/Landov)...
Infonetics: Broadband data hot, but investments vary
Service providers globally are making major investments to converge their service networks onto data platforms, and, in particular, are investing to offer broadband Internet, metro Ethernet and IP-VPN services, according to the latest Infonetics Research survey. ...
Ackerman addresses net neutrality, New Orleans
BellSouth Chief Executive Officer Duane Ackerman shared his thoughts on a range of subjects--including video offerings, network neutrality and the status of its network in New Orleans--in an informal question-and-answer-style presentation at the Citigroup Entertainment, Media and Telecommunications Conference this morning...
