XO seeks to raise up to $900M
XO Communications is seeking to raise up to $900 million in debt and equity, the carrier said in regulatory filings today...
Technology debates fueled OEN’s demise
Executives at Optical Entertainment Network haven’t been available to talk about what led the company to suddenly announce it was discontinuing all services this month. But sources close to the company say a combination of technology debates, deployment challenges and management turnover kept the company from finding the additional financing it needed...
CDMA sees worldwide growth in Q3
CDMA penetration reached more than 420 million subscribers worldwide in the third quarter of 2007, representing a growth of 20 million net subscribers in the quarter, the CDMA Development Group (CDG) said today...
Router start-up Anagran beefs up sales staff
Shortly after naming a new chief executive officer, edge router start-up Anagran is bolstering its sales ranks...
Mobile phone market grows smarter in Q3
Consumer handset sales in the United States reached 38 million units in the third quarter of this year, with smartphones accounting for 11% of those sold, according to a report released today by the NPD Group. Smartphone sales are up from 4% in the third quarter of 2006, an increase of 163% year over year...
AT&T acquires pay-per-call provider
In a move to bolster its advertising business, AT&T announced today that it will acquire Ingenio, a privately held provider of Pay Per Call search and directory technology...
Microsoft puts a price on Musiwave
Openwave Systems has agreed to let its Musiwave unit go to Microsoft for $46 million. After discussions last week, Microsoft also said will take on approximately $4 million in debt...
Small telcos feel merger pressure
In the wake of major-carrier consolidation, merger activity among small and regional telcos is escalating and should continue next year...
Eagle Broadband enters Chapter 11
Eagle Broadband entered Chapter 11 bankruptcy yesterday as its former chairman submitted an asset seizure order to its primary bank...
Occam’s losses multiply
Occam Networks reported sharp declines in revenue and net income during the third quarter, in accordance with warnings the company gave last month...
XO slashes loss despite flat revenue
XO Holdings dramatically cut its losses on relatively flat revenue in the third quarter...
Qualcomm flies high in Q3, but warns of descent
Qualcomm boosted revenue and sales impressively in the last quarter, but cautioned of troubled quarters ahead as legal and competitive pressures take their toll on the chipset maker’s bottom line...
Updated: Sprint, Clearwire kill WiMAX venture; future deal still possible
The proposed venture that would marry Sprint and Clearwire’s WiMAX assets has been canceled as the two companies were unable to come to terms quickly enough, Clearwire said today...
Falling prices tempt RLEC consolidators
While integrating its acquisition of CT Communications, executives of Windstream Communications reiterated the case for future acquisitions this week, and some analysts say recent changes in the market could encourage further consolidation among rural carriers...
T-Mobile spurs U.S. wireless growth
Once again, T-Mobile USA led its European counterparts in growth, adding 857,000 new subscribers in the third quarter, driven by the continuing success of its MyFaves offering...
Cisco reports solid first quarter
Cisco Systems continued its solid streak for the first quarter of fiscal 2008, reporting revenues of $9.6 billion from $9.4 billion in the previous quarter...
Tellabs CEO to resign
Krish Prabhu has announced he will resign his position as president and chief executive officer of Tellabs by March 1, 2008...
Surewest on the hunt for M&A
Surewest Communications is actively seeking acquisitions to help scale its fiber-to-the-home (FTTH) business, the company said today, emphasizing that it is not looking only for properties in geographic proximity to its California network...
CDMA drives Nortel profit despite deferred sales
Nortel Networks is back in the black, posting a third-quarter profit of $27 million after slipping back into a loss at the halfway point of the year...
Global Crossing loss grows but revenue up
Despite widening losses, Global Crossing is viewing its third-quarter numbers as highly positive for the company, as it focuses on its growing revenues and cash EBITDA (earnings before interest, taxes, depreciation and amortization) rather than earnings per share...
Adva’s Alcatel-Lucent partnership hits ‘bottom’
Adva Optical Networking’s partnership with Alcatel-Lucent has thinned about as much as it can, the equipment vendor said today...
Acquisitions impact Citizens’ earnings
After a busy year of acquisitions and integration, Citizens Communications today reported a fall in earnings for the third quarter of 2007 due in large part to higher expenses associated with the acquisitions...
Visage grabs opportunity in mobility market
The leading enabler of MVNOs acquires its way into the enterprise space...
When giants stumble
Last year, as the telecom industry's top equipment vendors moved toward consolidation, the rest of the vendor landscape was grimly warned: Join the consolidation trend or be trampled by the new breed of titans. Why megavendors aren't so tough after all...
Verizon DSL growth withers in FiOS' shadow
Verizon's DSL business is slowing drastically as the company focuses on its fiber-to-the-home deployment...
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