Financial

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
Optimum Lightpath Program Results in Partner Growth

Optimum Lightpath, the business broadband service provider of Cablevision Systems Corp., said Wednesday the company’s number of channel partners has tripled since its Referral Partner Program launched last year. The program is designed to be simple and to allow systems ...More
March 21, 2007
Posted in News
CommPartners, Telstra to Deliver Managed Voice Services to International Markets

CommPartners announced this week an agreement to team with Telstra Inc., the U.S. subsidiary of Australian-based global carrier Telstra Corp. Ltd., to deliver managed voice services to international markets. Will Hughs, the senior vice president for product and design for ...More
March 21, 2007 By Khali Henderson
Posted in News, Voice over IP (VoIP)/IP Telephony
Nacchio Trial Starts in Denver

Jury selection in the trial of former Qwest Communications International Inc. CEO Joe Nacchio began on Monday morning in Denver. The federal government has charged Nacchio with taking part in insider trading for sales of $100.8 million in Qwest stock between Jan. 2, 2001, ...More
March 19, 2007
Posted in News
XO Reports Fourth Quarter Growth, Reduces Yearly Losses

XO Holdings Inc. boosted revenue and narrowed losses during the fourth quarter of 2006, mainly due to demand for its data and IP services. The company also improved its yearly losses from 2005. The parent company of XO Communications LLC and Nextlink Wireless Inc. released ...More
March 16, 2007 By Kelly Teal
Posted in News
Tangoe, TRAQ Merge to Address Next Generation of TEM

Telecom expense provider Tangoe Inc. has wrapped up its merger with TRAQ Wireless Inc., a company that offers lifecycle management services for enterprises’ wireless devices. The newly formed company will operate under the Tangoe name. Financial terms of the transaction ...More
March 15, 2007
Posted in News, Software as a Service/ Cloud Services (SaaS)
Cisco Snaps Up WebEx for $3.2 Billion, Positions to Fend off Microsoft

Cisco Systems Inc. will acquire Internet conferencing market leader WebEx for $3.2 billion, it said Thursday. The deal will give Cisco an on-demand Web conferencing expertise to complement its ongoing unified communications rollout, particularly in the SMB segment. It also ...More
March 15, 2007 By Tara Seals
Posted in News
Bandwidth.com Reaches Top Level 3 Reseller Status

Bandwidth.com said Tuesday it has been awarded Level 3 Communications Inc.’s highest reseller partner designation – Premier Master Reseller. The relationship allows Bandwidth.com to use Level 3’s VoIP infrastructure and services to offer businesses and service providers a ...More
March 13, 2007
Posted in News, Voice over IP (VoIP)/IP Telephony