• FDN, Equity Firm Acquire Supra Telecom
    FDN Communications and H.I.G. Capital, a private equity firm in the Southeast, have acquired Supra Telecom, a Miami-based telephone company operating out of bankruptcy court protection. Maitland, Fla.-based FDN and H.I.G. each will own half of Supra, a telecommunications ...More
    March 21, 2005 Posted in News
  • WSJ: Former WorldCom Board Members Reach Settlement Agreement
    Eleven former board members of WorldCom Inc. agreed to personally pay $20.2 million to settle a lawsuit related to the telecommunications carrier’s accounting fraud, the Wall Street Journal reported Monday. The agreement is among the settlements reached in a class-action ...More
    March 21, 2005 Posted in News
  • XO Records Impairment Charge in Results
    XO Communications Inc. on Friday reported an annual net loss of $405.6 million on revenue of $1.3 billion. The Reston, Va., national telecommunications carrier said revenue of $369.4 million in the fourth quarter rose 42 percent over the period a year ago, but XO recorded a ...More
    March 18, 2005 Posted in News
  • PAETEC Uses Lucent for VoIP
    PAETEC Communications Inc. is rolling out Lucent Technologies’ VoIP services to its business and wholesale customers. Lucent will provide the engineering, installation and network integration support so PAETEC can offer IP and TDM services. The carrier is deploying Lucent’s ...More
    March 18, 2005 Posted in News
  • Telcordia Launches MVNO Services
    OSS provider Telcordia Technologies Inc. has launched a new hosted MVNO product to help service providers offer prepaid wireless services without owning or managing a network. “We are creating new business opportunities by eliminating barriers to entry and removing the ...More
    March 18, 2005 Posted in News
  • RICA, ANPI Bring VoIP to Independent Telcos
    Two telecom groups are partnering in a deal that will give members access to a nationwide, independent VoIP network. The Rural Independent Competitive Alliance (RICA), one of the United States’ largest CLEC associations, has made a deal with Associated Network Partners Inc. ...More
    March 18, 2005 Posted in News
  • CLEC Launches Hosted-VoIP Partner Program
    Extending its work with value-added resellers into the VoIP realm, VocalNet Inc., a CLEC and provider of wholesale and retail VoIP services, has launched iPBX SOHO, a VoIP service for small business that can be tailored to meet a variety of customer needs and deployment ...More
    March 18, 2005 Posted in News
  • Industry Reacts to Martin as FCC Head
    Now that President Bush has named FCC Commissioner Kevin Martin as head of the agency, industry groups are responding with praise and approval. Walter B. McCormick, Jr., president and CEO of the United States Telecom Association, said he applauds Martin’s selection. “At a ...More
    March 17, 2005 Posted in News
  • Xspedius Completes Financing
    Xspedius Communications LLC, a private telecommunications carrier targeting businesses in the Southeast, has arranged $55 million in senior secured debt financing. Missouri-based Xspedius announced using the proceeds of the loan to repay existing subordinated debt and to ...More
    March 17, 2005 Posted in News
  • Carriers Unite to Oppose Telecom Mergers
    Broadwing Communications LLC, Covad Communications Group Inc. and XO Communications Inc. are among a working group of six telecommunications carriers that oppose the megamergers that would help the two biggest regional phone companies get even bigger. The planned mergers ...More
    March 17, 2005 Posted in News