Financial


  • Strike Fever: Verizon Off, Qwest Possibly On
    On the same day Verizon Communications Inc. (VZ) avoided a strike, Qwest Communications International Inc. (Q) union workers got the go-ahead to walk off the job if talks don’t produce a new contract. Verizon workers were ready to walk today, but they settled on a ...More
    August 11, 2008 Posted in News
  • Wagon Hitching Continues in TEM Space
    Telecom expense management giants continue to bring smaller, more targeted TEM solutions under their wing as Tangoe announced this week a transaction with Information Strategies Group Inc. (ISG).Attracted by ISG’s call accounting product, billing chargeback and ...More
    August 7, 2008 Posted in News
  • Qwest Makes One of Its Own COO
    Tom Richards, who’s served as EVP of the business markets group for Qwest Communications International Inc. (Q) since 2005, has been promoted to COO. It’ll be a lucrative assignment. Richards’ base salary will total $700,000 – that doesn’t ...More
    July 29, 2008 Posted in News
  • Citron Sidelined: Vonage Gets New CEO
    Vonage Holdings Corp. (VG) appointed a new CEO today. Marc Lefar steps in for Vonage founder Jeffrey Citron, who’s served as interim CEO since April 2007, after Michael Snyder resigned. Lefar is a marketing pro, of all things. At first, that seems like an odd choice ...More
    July 29, 2008 Posted in News
  • XO Digs Out From the Debt
    It seems congratulations are in order for XO Communications (XOHO). The parent company of the Virginia-based CLEC, whose finances have come under scrutiny of late by Wall Street and the press, raised $780 million in a recent stock sale and said this week its ...More
    July 29, 2008 Posted in News
  • Economy Tests Accidental Entrepreneurs
    They say these are challenging times, but I say this is the best time for good business owners and entrepreneurs to shine. Running and growing a company in any economy is challenging. Grow too quickly and risk running out of cash. Grow too slowly and risk losing top talent ...More
    July 28, 2008 Posted in Articles
  • Verizon Sailing Some Choppy Waters
    Ahoy, matey – I see land(line loss). But it isn’t time to jump the wireline ship. Even though 920,000 Verizon Communications Inc. (VZ) access line users put their service out to sea in the second quarter, the carrier reported higher earnings and sales. ...More
    July 28, 2008 Posted in News
  • Verizon Makes Proposal FCC (Probably) Can’t Resist
    Business really is an art. Closing deals requires a little thing called diplomacy and another one called compromise. Consider Verizon Communications Inc. (VZ)  a master of the business world – it’s apparently trying to pre-empt holdups in the process to ...More
    July 24, 2008 Posted in News
  • Level 3 Recovering From Merger Frenzy?
    Ahh, recovery. It looks like Level 3 Communications Inc. (LVLT)  is back on track after several quarters of major losses fueled by provisioning problems. There’s usually a domino effect in play in these situations – in this case, Level 3 triggered ...More
    July 24, 2008 Posted in News
  • Sprint Says Adios to 3,300 Towers
    We’re all tired of describing Sprint Nextel Corp. (S) as “struggling.” Of course, Sprint is struggling, but today it made a move that might help erase that descriptor. The wireless carrier said it’s selling 3,300 towers – about half the number ...More
    July 23, 2008 Posted in News