Ethernet - Finance
Analyst: BT’s 21CN rollout may be slowing
British Telecom may have slowed spending on its 21st Century next-generation network initiative recently, according to Simon Leopold, an analyst with Morgan Keegan...
Turin Networks sees CDMA upside in Carrier Access buy
Turin Networks today announced its intent to acquire Carrier Access for $92.7 million in cash, planning to exploit products in the latter’s development pipeline as well as expand its gear into CDMA networks...
Nokia Siemens acquires carrier Ethernet vendor
Nokia Siemens Networks announced plans to acquire carrier Ethernet equipment vendor Atrica today, in what would be the joint venture’s first acquisition...
Optical equipment startup raises $45M
Matisse Networks has closed a $45 million funding round, bringing the optical networking equipment startup’s total funding to $80 million...
AT&T tops Ethernet market, but slipping
A new Vertical Systems reports shows an ever-more-competitive Ethernet marketplace, as AT&T lost ground and Cox Communications became the first cable company in the top four U.S. Ethernet providers...
Report: Nortel invests in optical vendor
Nortel Networks is taking a minority stake in optical networking vendor Tejas Networks, according the Economic Times...
IP services brighten XO Holdings’ Q2 picture
Despite positive gains for its IP services, XO Holdings posted a slightly higher net loss for the second-quarter this week and saw a dip in revenue over the same period...
Zhone’s business shifts overseas
Zhone Technologies’ business shifted internationally in the second quarter, as half of the company’s $44 million in revenue came from outside the United States...
India’s Reliance acquires Yipes
Reliance Communications, one of India’s largest telecom carriers, has agreed to acquire San Francisco, Calif.,-based Ethernet service provider Yipes Enterprise Services for nearly $300 million in cash, the companies announced today...
RCN acquires Neon Communications
RCN has agreed to acquire Neon Communications for about $260 million in cash, expanding the carrier’s reach and presence in the Northeast...
Carrier Access exposes Mangrove’s roots
Equipment vendor Carrier Access revealed new details last week surrounding Mangrove Systems, the company it acquired for $8 million in March. Mangrove had slightly more than $3 million in total assets at the end of last year—less than half their value a year earlier...
IP/MPLS edge spending surges
Global spending on service provider switching and routing equipment was up 12% from a year ago to $2.4 billion in the first quarter, according to Ovum-RHK...
Cogent to double pace of connections
Having declared positive cash flow today for the first time in its eight-year history, Cogent Communications vowed to double the pace at which it connects buildings to its network this year...
Nortel’s good quarter raises doubts about second half
Nortel Networks beat Wall Street analysts’ expectations in the first quarter, but part of its success has analysts suspecting a hard time for the vendor in the second half of the year, particularly in its Carrier Networks division. ...
U.S. still ‘trouble’ for Extreme
The U.S. remains a “trouble spot” for Extreme Networks, the company reported along with its fiscal third-quarter earnings Thursday...
Yipes declares positive cash flow
Yipes Enterprise Services’ cash flow from recurring operations swung positive in 2006, the privately held Ethernet service provider reported today...
Time Warner Telecom charts growth
Time Warner Telecom topped a year of growth with a quarter of growth, as its revenues increased to $238.8 million, up from $184.5 million in the fourth quarter of 2005...
Occam sees 75% annual revenue growth
Occam Networks reported 75% revenue growth in 2006, with $68.6 million in annual revenue. And its net loss shrank nearly 80% last year to $1.9 million...
Extreme gets a makeover
Extreme Networks’ new chief executive officer Mark Canepa has reorganized the equipment vendor’s corporate structure and business focus as part of an effort to improve the company’s overall effectiveness after a difficult year...
Verizon Business riding merger success
The first in a two-part series reflecting on the AT&T-SBC and Verizon-MCI mergers a year later...
New funding fuels more Actelis growth
Actelis Networks, one of the leading players in the growing Ethernet-over-copper equipment market, today signaled the next step in its growth, announcing a new financing round intended to fuel the company’s expansion into larger network operators...
Ciena quietly partners with Anda Networks
Ciena has partnered with Anda Networks to offer the latter’s Ethernet access and aggregation technology with its own products, according to sources familiar with the two equipment vendors....
Redback cuts expected fourth-quarter revenue 18%
Redback Networks cut its fourth-quarter revenue expectations by 18% late Thursday, citing lower than expected sales of its legacy gear and disruption caused by a proposed acquisition by Ericsson....
Juniper bids 2006 good riddance
As 2007 arrives, one company that probably welcomes the calendar change more than most is Juniper Networks, for whom next year promises to be better than this one....
Stock option problems cost Juniper $900M
Juniper Networks expects to record a $900-million charge as a result of improprieties in its stock option granting practices, the company revealed late Wednesday....
