Foundry's service provider drive pays off
Foundry Networks is making good on its promise to penetrate the service provider market this year...
MetroPCS withdraws Leap merger bid
MetroPCS today said it is rescinding its offer to merge with Leap Wireless to after failing to bring Leap to the negotiating table...
Sprint still bleeding customers, reduces WiMAX spend
Sprint’s attempts to reposition itself in the wireless market and improve customer care hadn’t yet born any fruit in the third quarter, as the company shed another 60,000 subscribers, mainly from its Nextel iDEN network...
Anagran names new CEO
Edge router start-up Anagran today named as its new chief executive officer Kim Niederman, a former sales vice president at Polycom...
Alcatel-Lucent’s restructuring not a full remedy, say analysts
Analysts and investors seemed to approve of the new restructuring plans Alcatel-Lucent announced today, but the moves did little to assuage deeper doubts surrounding the company...
Qwest greenlights $300M FTTN rollout
Qwest Communications’ directors have approved its management’s fiber-to-the-node (FTTN) deployment plans, new chief executive officer Ed Mueller said during the company’s quarterly earnings call today. But the company isn’t yet saying what set of services will justify the strategy...
Data still driving Verizon Wireless growth
Verizon Wireless added 1.6 million subscribers in the third quarter but, more impressively, saw its average revenue per user (ARPU) climb, driven by greater data usage...
Covad acquired by private equity firm
Covad Communications has agreed to be acquired by Platinum Equity for about $304 million in cash, the companies announced today...
Moto returns to profitability, barely
Motorola ended its two-quarter loss streak this week, posting a slight profit for the third quarter but off of much lower revenue and handset shipments than it had in previous boom years...
Occam chairman: No M&A or CEO search underway
Despite calls from some investors to replace top management or sell the company, Occam Networks has no plans to do either, according to the company’s chairman and representative of its largest shareholder...
Telcos slow Comcast’s subscriber growth
Comcast blamed telecom competitors for unexpectedly slower growth in subscriber additions in the third quarter...
CTIA: Merger creates WAP, SMS local content service
SAN FRANCISCO--Wireless local content providers Go2 and 80108 announced at the CTIA Wireless IT & Entertainment show that they will merge to create a unified local content and directory service powered by both mobile Web content and real-time messaging...
Microsoft values Facebook at $15 billion
Call it a Web 2.0 shootout: Microsoft beat out Google and Yahoo for a shot at Facebook’s advertising business, investing $240 million for a 1.6 percent stake in Facebook. The deal values Facebook at $15 billion (on just $150 million annual revenues), instantly making it the fifth largest Web property in terms of market capitalization...
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...
Infinera weans itself from Level 3
Infinera grew less dependent on its largest customer, Level 3 Communications, in the third quarter, thanks to a growing roster of other customers, including Cox Communications, XO Communications and 360Networks...
In the Spotlight: Juniper Networks' Stephen Elop
Stephen Elop joined Juniper Networks in January in the newly created post of chief operating officer. Formerly at Adobe Systems through its acquisition of Macromedia (where he was CEO), Elop spearheaded a sweeping internal overhaul of Juniper this year. He spoke to Telephony earlier this month about the changes...
Cisco pounces on Navini, enters WiMAX market
After weeks of speculation on a possible WiMAX acquisition, Cisco Systems today announced it would buy Navini Networks and its adaptive beamforming technology for $330 million...
AT&T “approaching” 10,000 IPTV installs per week
AT&T nearly doubled the weekly installation rate of its U-verse IPTV service in the third quarter, the company announced along with its quarterly earnings today...
ADC buys in-building network firm LGC
ADC Telecommunications has agreed to buy in-building wireless equipment maker LGC Wireless for $169 million in cash, the two companies said today, adding LGC’s indoor radio and base station solutions to ADC’s IP radio access network portfolio...
Render defends his FTTH data
Michael Render, president of RVA Market Research and Consulting, is defending the data in his most recent fiber-to-the-home (FTTH) report following questions from another analyst about its accuracy...
Occam board to give CEO M&A incentive
Amid a wave of investor disappointment, Occam Networks’ board of directors hope to amend the employment contract of the company’s chief executive, Bob Howard-Anderson, to remove any disincentive he might have to sell the company...
Nokia boosts shipments, market share
Nokia’s handset shipments rose to 111.7 million units in the third quarter, and its enterprise devices unit posted an operating profit for the first time...
Angry Occam investors call for management’s ouster
Filing restated financial reports for recent years this week, Occam Networks claimed to have put its long restatement process behind it. But investors on the company’s quarterly earnings conference call late Wednesday unleashed a barrage of scathing criticism...
AT&T, EchoStar speculation swells
There is a 65% chance that AT&T will buy EchoStar’s DISH Network satellite TV service within the next 12 months, according to Citigroup analyst Jason Bazinet in a research report published today...
Oracle engaged in battle again
No one expected Oracle’s proposed $6.7 billion acquisition of BEA last week to go any smoother than other Oracle acquisitions, but no one expects a company to turn down a 25% premium, either...
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