Financial

Sonus Networks to Acquire Zynetix

Sonus Networks Inc., a supplier of service provider VoIP infrastructure platforms, said Tuesday it will acquire privately held Zynetix Ltd. for $13.2 million in cash and stock. The acquisition is expected to close by the second week of April. Zynetix designs and sells GSM ...More
March 27, 2007
Posted in News
FCC Changes Conditions of AT&T-BellSouth Merger, Issues Order

The FCC has revised the special access conditions it imposed on its approval of the AT&T Inc.-BellSouth Corp. merger last year. On Monday, the agency released the order finalizing the $84 billion deal. Commissioners had voted for the AT&T-BellSouth combination on ...More
March 27, 2007
Posted in News
AT&T Plans 3G Video Sharing Service

Starting this summer, AT&T Inc.’s wireless customers in more than 50 markets will be able to add video to their cell calls and share the content as part of a planned service the carrier began demonstrating at the CTIA Wireless show Tuesday. Video Share, a 3G-enabled ...More
March 27, 2007 By Bob Wallace
Posted in News
Janzen In as New One Communications CEO

Telecom industry vet Howard Janzen is taking over as CEO of One Communications. Janzen replaces Thomas Casey, who served as CEO after CTC Communications and Choice One Communications merged last year. One Communications on Monday would only say that Casey is “no longer with ...More
March 26, 2007
Posted in News
PlanetOne Unveils Exclusive Agent Option

Master agency PlanetOne Communications Inc. announced at its President’s Club meeting Friday at the Valley Ho Hotel in Scottsdale, Ariz., that it has created an exclusive agent tier as an option for its subagents. The new platinum level carries the highest commissions and ...More
March 23, 2007 By Khali Henderson
Posted in News
Vonage Shares Halt Trading in Wake of Federal Injunction

Vonage Holdings Corp. shares stopped trading on Friday afternoon after a federal judge permanently barred the company from using technology owned by Verizon Communications Inc. The decision came two weeks after a jury declared that Vonage had infringed on Verizon’s ...More
March 23, 2007 By Kelly Teal
Posted in News, Voice over IP (VoIP)/IP Telephony
McLeodUSA Again Files for IPO

McLeodUSA Inc. plans to once again go public. The CLEC on March 22 filed to sell stock worth up to $172.5 million. The company deregistered from the Nasdaq about a year ago, after its second bankruptcy. Now it proposes to trade on the Nasdaq Global Market under the new ...More
March 23, 2007 By Kelly Teal
Posted in News
Vonage Shares Halt Trading in Wake of Federal Injunction

Vonage Holdings Corp. shares stopped trading on Friday afternoon after a federal judge permanently barred the company from using technology owned by Verizon Communications Inc. The decision came two weeks after a jury declared that Vonage had infringed on Verizon’s ...More
March 23, 2007 By Kelly Teal
Posted in Articles, Voice over IP (VoIP)/IP Telephony
Integra Snaps Up Rival Eschelon

CLEC merger fever on the East Coast is spreading to the West Coast. Integra Telecom Inc. announced on Tuesday it is buying rival CLEC Eschelon Telecom Inc. for $30 per share, or approximately $566 million. The deal is expected to close in the third quarter. Integra is based ...More
March 21, 2007 By Kelly Teal
Posted in News
NuVox, FDN to Merge

NuVox Communications and FDN Communications said on Wednesday they will merge in a deal that will result in more than 90,000 customers and 1 million voice and data lines. The transaction is expected to close in June. Financial details were not disclosed; both CLECs are ...More
March 21, 2007
Posted in News