Financial


  • 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
  • Icahn Doing the Happy Dance in Yahoo! Boardroom?
    What happens when Carl Icahn doesn’t get his way? Dunno. The billionaire activist investor finally has secured the Yahoo! (YHOO) board seat he sought for two months, after Yahoo! rebuffed repeated takeover attempts by Microsoft Corp. (Analysts speculate the ...More
    July 21, 2008 Posted in News
  • It Ain’t So: SK Telecom Won’t Take Over Sprint
    Sprint Nextel Corp. (S) this week was, once again, the target of takeover rumors. This time, the alleged buyer was South Korea’s SK Telecom Co. In May, the industry expected T-Mobile to snap up Sprint. That didn’t happen and it seems an SK deal won't either. The ...More
    July 17, 2008 Posted in News
  • Optimum Buys 4Connections for Undisclosed Price
    New York-based Optimum Lightpath will expand its reach with the purchase of 4Connections LLC, a fiber network operator in New Jersey. The acquisition was announced late Tuesday. Terms weren’t disclosed, however, as Optimum Lightpath is a division of privately held ...More
    July 16, 2008 Posted in News, Ethernet/ MPLS
  • BCN Adds Managed Services with GroveLine Buy
    BCN Telecom Inc. has jumped into the managed services niche. The New Jersey-based CLEC said Wednesday it has acquired almost all of GroveLine LLC’s assets. Terms weren’t disclosed, as BCN is privately held. GroveLine manages companies’ telephony service, ...More
    July 2, 2008 Posted in News
  • Virgin Mobile to Acquire Helio
    Call it a tale of two business models: Successful MVNO Virgin Mobile USA Inc. will take over struggling MVNO Helio for $39 million, the companies announced on Friday. Like Virgin Mobile, Helio uses Sprint-Nextel Corp. as its underlying network provider, but ...More
    June 27, 2008 By Tara Seals Posted in News
  • iQmetrix Acquires WorkWireless
    iQmetrix , which provides multilocation wireless dealers with retail management systems, has acquired Work Software Systems, creator of the WorkWireless retail management system. Bill May, founder of Work Software Systems, will be joining the iQmetrix executive team as ...More
    June 18, 2008 Posted in News
  • Channel Coach: Improve Your Prospects
    In the late 1840s and 1850s, more than 300,000 men, women and children flocked to the Golden State in the hopes of finding gold. Today, there are as many people prospecting in the market for telecom products and services, and much like California during the Gold Rush, this ...More
    June 18, 2008 Posted in Articles
  • Protus Acquires GOT Corp.
    SaaS provider Protus announced the acquisition of GOT Corp., the provider of Campaigner and Campaigner Pro. Terms of the acquisition were not disclosed. GOT is an e-mail marketing services firm whose Campaigner and Campaigner Pro SaaS products are used by thousands of ...More
  • R2: We’ll Sue Icahn if XO Goes Bankrupt
    R2 Investments LDC vows to again sue Carl Icahn if XO Holdings files for bankruptcy for not being able to repay its $461 million debt. R2, which holds a 6.6 percent stake in XO, accused Icahn – for the second time this year – of deliberately waiting to refinance ...More
    June 13, 2008 Posted in News