Covad cuts staff
Covad Communications cut 8% of its workforce in the second quarter, the company announced today...
Reynolds leaves BT for New Zealand
Paul Reynolds, CEO of BT Wholesale, is about to put himself through another challenging separation and transformation project. After a 24-year career at BT, the last few of which he successfully led the effort to separate businesses within the company, Reynolds today accepted the top job at Telecom Corp, New Zealand's largest telephone company...
CommScope to buy Andrew for $2.6 billion
Perhaps the second time is the charm for CommScope and Andrew. The companies announced a definitive agreement under which CommScope will acquire Andrew for about $2.6 billion (about $15 per share) in a transaction that will be at least 90% cash-based...
Sycamore sales VPs dwarf CEO pay
When he resigned as Sycamore Networks’ top sales officer last fall, Araldo Menegon was earning more than four times what his boss was...
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...
Nuance to buy Tegic for $256 million
Nuance Communications is buying AOL’s ubiquitous predictive text solution T9 and the subsidiary that makes it for $256 million, adding text recognition to its powerful voice recognition portfolio...
NXTcomm survey: Spending growth ahead
A survey of 678 telecom industry professionals conducted at NXTcomm in Chicago this week by Tellabs and Telephony magazine found that a whopping 96% of respondents believe that network infrastructure spending will increase during the second half of the year...
Nokia merges handset units
Nokia today said it is overhauling its company structure, combining its three handset groups into a single business unit, breaking out software and services into a new division and creating a special division in charge of Nokia’s global marketing, sales and supply chains...
Report: Sprint looking for WiMAX partner
According to news reports, Sprint is on the hunt for new funding to build out its WiMAX network and ease investor concern about the costs of such a capital-intensive project...
Sprint buys sixth affiliate
Sprint is buying yet another affiliate, agreeing today to acquire Northern PCS Services for $312.5 million and pumping an additional 167,000 direct subscribers and 69,000 wholesale subscribers to Sprint’s dwindling CDMA subscriber base...
Motorola takes over Amedia IP gateways
Motorola is taking over production of some IP home gateway products it developed jointly with Amedia Networks...
Adderton out at Amp’d
Amp’d Mobile founder and CEO Peter Adderton is no longer with the virtual operator, Amp’d confirmed today, leaving the door open for new leadership as the small youth-oriented mobile company navigates its way through Chapter 11 bankruptcy...
Notebaert to retire
Qwest Chairman and CEO Richard Notebaert took the industry by surprise this morning, announcing his retirement...
Cisco takes stake in Oversi
Cisco Systems has taken a stake in an Israeli equipment start-up focused on content delivery...
Vodafone shareholders will vote on Verizon sale
Vodafone officials said yesterday they are not interested in selling or spinning off the companys 45% share of Verizon Wireless, despite pressure from a large shareholder to do so. But it will, by law, have to let its shareholders vote on the issue....
Infinera IPO yields $182 million
Infinera raised $182 million in the initial public offering of its stock, surpassing expectations...
Aepona, Appium merge
Telecom service layer software firms Aepona and Appium have agreed to merge to chase the growing market for service delivery platforms. That market is forecast by OSS Observer to grow from $1.4 billion this year to $3.2 billion by 2011...
Analysts: Nortel wise to walk away from Avaya
After reportedly entertaining acquisition offers from Nortel Networks, enterprise telephony equipment vendor Avaya today announced an $8.2-billion acquisition by private equity firms TPG Capital and Silver Lake Partners. Some analysts are saying Nortel was right to walk away...
Amp’d goes bankrupt
Amp’d Mobile on Friday filed for Chapter 11 bankruptcy, claiming that its back-end infrastructure couldn’t keep up with the company’s fast growth, leaving it unable to pay its bills...
Access line roll-up continues as Windstream buys CT Communications
Little Rock, Ark.-based Windstream, the second largest and most rural independent operating company in the country, said last week it will acquire CT Communications...
Tellabs: No big acquisitions anytime soon
Tellabs is considering what to do with its considerable cash stores since it doesn’t see any large acquisitions in its near-term future...
Eyeing convergence, Ciena’s outlook improves
Raising its expectations for the year amid continued revenue growth, Ciena attributed its current success to the burgeoning—though so far not clearly understood—market for converged optical Ethernet networks. ...
Broadband subscriber base to double by 2011
The number of broadband subscribers worldwide will nearly double over the next five years to more than half a billion, according to research analysis firm In-Stat...
Windstream grows NC presence with CT buy
Windstream will acquire CT Communications in the second half of this year for approximately $585 million, the companies said today. In the process, Windstream eliminates a growing competitor in a growing market...
Speculation swirls around Nortel, Avaya
Nortel Networks is among the companies in talks with Avaya about a possible acquisition, according to the Wall Street Journal...
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