TelePacific buys Mpower
The consolidation waves continue to ripple through the competitive telecom industry. TelePacific Communications announced today that it will acquire Mpower Communications for $204 million in a cash transition...
Verizon executive pay reform proposal fails
Verizon Communications shareholders voted against a proposal aimed at tying executive compensation more closely to company performance, despite recent criticism that the company’s chief executive officer was overpaid last year...
Terabeam posts loss, eyes Ricochet deal
Terabeam, the one-time free space optics juggernaut that has lately been more focused on WiMAX, announced a first quarter net loss of $4.5 million, and first quarter revenue that was down 32% from the previous quarter. ...
TW Telecom continues enterprise gains
Strong sales of data and Internet services to enterprise customers helped Time Warner Telecom overcome weakness in its biggest business, dedicated transport, and narrow its first-quarter loss....
Qwest posts profit on data growth
Qwest Communications posted a five cent per share or $88 million profit in the first quarter and is on track to be profitable for 2006, as the company manages its costs while seeing growth in data revenues and sales of service bundles....
Verizon Wireless takes wireless data lead
Boasting another 1.5 million subscriber quarter, Verizon had more than just customer gains to brag about today...
Broadwing goes adjusted EBITDA positive
Broadwing declared positive earnings before interest, taxes, depreciation and amortization (EBITDA) on an adjusted basis for the first time today...
Digicel stays acquisition course
Caribbean wireless operator Digicel Group said today that it has completed the $196 million acquisition of Bouygues Telecom Caraibe, the wholly owned subsidiary of Bouygues Telecom with assets in Martinique, Guadeloupe and French Guiana...
Verizon revenue up, income down
Revenue was up but income was down at Verizon in the first quarter, due in part to the costs in integrating MCI Communications....
Meru lands funding, launches wireless IT backhaul
Meru Networks today said it has closed its fourth round of funding, bringing in another $25 million for a grand total of $68 million. ...
Nortel’s accounting far from fixed
After restating its financial reports for a third time in March, Nortel Networks admitted in regulatory filings today that its accounting procedures remain significantly flawed...
Level 3 buys TelCove
Level 3 Communications continued its expansion, spending $1.2375 billion to acquire regional CLEC TelCove....
UPDATED: SOMA licenses Qualcomm's OFDM patents
LAS VEGAS--SOMA Networks, exhibiting at the Broadband Wireless World conference here, said it has signed an agreement with Qualcomm to license the company's OFDM/OFDMA patents....
MetaSolv rides revenue growth abroad in Q1
Calling his company's performance solid over the year's first quarter, MetaSolv CEO Curtis Holmes sounded a confident note about the future and still anticipates double-digit growth and operating margins for 2006 after reporting a 6% increase in revenue starting off the year....
InterDigital to get $253M in Nokia patent settlement
InterDigital and Nokia have settled on a final settlement price in their long-running patent dispute but the two have not yet settled on any future royalty agreements for Nokia's product lines, sending the companies back to the negotiating room....
Siemens cuts telecom jobs as margins dwindle
Siemens will eliminate 1,000 more jobs from its communications division, the company announced today along with a grim profit report from the unit. The cut represents about 2% of the group’s current workforce....
Covad's quarter 'best ever'
Covad Communications recorded its best-ever quarterly revenue in the first quarter of 2006 and was EBITDA positive for the period, posting a net loss of $9.3 million or three cents a share....
Alcatel CEO: Chinese not leading price war
Though Chinese equipment vendors such as Huwaei Technologies and ZTE are often feared as cut-throat price warriors, they are not always the worst offenders, said Serge Tchuruk, Alcatel’s Chief Executive Officer, while discussing the intense price pressure squeezing the company’s margins in mobile equipment markets...
Comcast luring DSL customers with triple play
Comcast may have come late to the VoIP party, but the U.S.’s largest cable company is making up for lost time--and doing so at the expense of its telephone company rivals...
Amdocs hits new high with 2Q earnings
It’s too soon to reap the rewards from winning the Sprint Nextel tussle with Convergys, and Amdocs may see even more downside to the deal before real money starts to flow, but the billing and CRM company nonetheless posted a 23% increase in revenue for its second fiscal quarter of 2006...
BellSouth up, industry down in J.D. Power study
BellSouth reclaimed its position atop the J.D. Power and Associates rankings of business voice service providers in both local and long-distance, a year after finishing third in both categories...
Nextel still weighing on Sprint profits
Sprint continued to rack up new customers in the first quarter, but its recent acquisition of Nextel took a toll on the combined carrier’s bottom line...
Subex and Azure merge
Bangalore, India-based Subex Systems Limited has agreed to acquire London-based Azure Solutions for approximately $140 million in a mostly stock deal that the companies are billing as a merger of equals in the fraud management and revenue assurance space....
Tellabs cashes in on wireless transport
Tellabs reported strong top-line growth for the first quarter, defying predictions that its traditional crossconnect business has peaked. "There's still a lot of life in this business," said CEO Krish Prabhu (above)...
Extreme sales force under pressure
Ethernet equipment vendor Extreme Networks reported what it called a disappointing fiscal third quarter (ended March 31), blaming its problems partly on a shortage of sales staff and vowing to fill that vacuum as soon as possible....
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