Financial


  • Verizon 4Q Profits Rise 3.9%
    Verizon Communications Inc. on Monday reported a 3.9 percent increase in fourth quarter 2007 profits, mostly thanks to a gain of 2 million net mobile-phone subscribers. The nation’s second-largest phone company earned $1.07 billion, or 37 cents per share, compared to $1.03 ...More
    January 28, 2008 Posted in News
  • Senate Favors Telco Immunity
    The Senate on Thursday rejected a proposal that would have expanded the government’s wiretapping powers. On a vote of 60-36, lawmakers instead sided with the White House in preferring a bill that would give retroactive immunity to telecom companies that let the government ...More
    January 24, 2008 Posted in News
  • Sprint Sues Four Rivals for Patent Infringement
    Fresh off its legal wins over Vonage Holdings Corp. and Voiceglo Communications (which no longer exists), Sprint Nextel Corp. now is suing four competitive providers for the same Voice over Packet (VoP) patent infringement. The struggling wireless and wireline carrier said ...More
    January 24, 2008 By Kelly Teal Posted in News, Voice over IP (VoIP)/IP Telephony
  • Sprint CEO Replaces Top Execs
    Sprint Nextel Corp.’s new CEO is cleaning house.For the second week in a row, Dan Hesse has announced changes intended to turn around the ailing wireless provider. Last week Sprint cut 4,000 jobs and closed 8 percent of its retail stores. On Thursday, Hesse fired some ...More
    January 24, 2008 By Kelly Teal Posted in News
  • AT&T 4Q Earnings Soar Thanks to Partnership, Acquisitions
    AT&T Inc.’s fourth-quarter 2007 earnings soared 61.8 percent to $3.14 billion, or 51 cents per share, thanks to the addition of 2.7 net wireless subscribers. That’s compared to $1.94 billion in income, or 30 cents per share, during the same period a year earlier. Those ...More
    January 24, 2008 Posted in News
  • Motorola 4Q Profit Plunges 84%
    Motorola Inc.’s new CEO, Greg Brown, warned on Wednesday that a turnaround in the company’s handset division will take longer than expected, after the equipment maker reported an 84 percent plunge in fourth quarter profits. Motorola shipped fewer wireless phones in the ...More
    January 23, 2008 By Kelly Teal Posted in News
  • Verizon Wireless to Acquire Assets from SureWest
    Verizon Wireless will buy the operating assets of SureWest Communications’ wireless business for $69 million, the companies said Tuesday. Verizon Wireless will acquire the spectrum licenses and operating assets of SureWest Wireless, excluding SureWest’s more than 50-owned ...More
    January 22, 2008 Posted in News
  • Telcombrokers Acquires Telogic
    Telcombrokers said it has acquired Irvine, Calif.-based master agency Telogic. The acquisition is expected to close within 30 days. Telcombrokers said it has almost completed the process of rolling up the Telogic agreements with TelePacific, PAETEC, ACC Business, New Edge ...More
    January 21, 2008 By Cara Sievers Posted in News
  • Qwest Shares 2007 Partner Report Card at Q.Marketplace
    The Qwest Business Partner Program is the fastest growing channel within the Qwest Communications International Inc. Business Markets Group (BMG), according to company executives presenting at the annual partner event, Q.Marketplace, held this week in Denver where the ILEC ...More
    January 18, 2008 Posted in News
  • Verizon Sues Cox for IP Patent Infringement
    Verizon Communications Inc. is suing Cox Communications for infringing on eight of its Internet Protocol-related patents. Verizon filed the case Jan. 11 in the Eastern District Court of Virginia, the same court that’s handling Level 3 Communications Inc.’s patent ...More
    January 18, 2008 By Kelly Teal Posted in News, Voice over IP (VoIP)/IP Telephony