Financial


  • Cbeyond Vows to Defend Itself in Lawsuit
    IP services CLEC Cbeyond Inc. said this week it will “vigorously defend” itself and its chairman against a lawsuit alleging insider trading. New Jersey-based law firm Gardy & Notis LLP filed the class-action lawsuit on behalf of an unnamed plaintiff on May ...More
    May 16, 2008 Posted in News
  • Economy’s Effects on Agents Varied
    It’s almost become cliché for telecom agents to see the bright side of a worsening economy, just as survival became a badge of honor for those who weathered telecom’s nuclear winter. But optimism does not produce easy revenue. Analysts say businesses’ ...More
    May 15, 2008 By Kelly Teal Posted in Articles
  • Sprint’s Losing Streak Continues
    To no one’s surprise, Sprint Nextel Corp. continued its losing streak in the first quarter of 2008. The struggling provider today reported net losses that hit $505 million, up from $211 million a year earlier. Wireless sales fell 9 percent but wireline numbers, fueled ...More
    May 12, 2008 By Kelly Teal Posted in News
  • Vonage Hopes DSL Cures Ills
    Vonage Holdings Corp. finally is branching out. The VoIP provider, which has struggled because of its “one-trick pony” business model, said on Thursday it will sell DSL by the end of the year. Vonage will resell Covad Communications Group’s broadband ...More
    May 8, 2008 By Kelly Teal Posted in News
  • Sprint, Clearwire Form New WiMAX Company
    Clearwire Corp. and Sprint-Nextel Corp. are combining their WiMAX efforts to form a new $14.5 billion company, the two announced on Wednesday. They also said the new company would have 3G and 4G wholesale agreements with cablecos to bundle in Sprint’s wireless ...More
    May 7, 2008 Posted in News
  • Cisco Banks on Web 2.0 as Net Income Drops
    Cisco Systems Inc. is banking on collaboration enabled by Web 2.0 technologies to fuel long-term double-digit growth. In the meantime, the equipment maker’s profits continue to drop because of a drag on the North American and European economies, even as India and ...More
    May 6, 2008 By Kelly Teal Posted in News
  • Qwest, on Profit Drop, Focuses on Wireless, FTTN
    Qwest Communications International Inc. will “take advantage” of nationwide open-access initiatives through its new partnership with Verizon Wireless. “We’re really excited” about offering open access devices and applications, and 4G ...More
    May 6, 2008 By Kelly Teal Posted in News
  • Qwest Ends Quest for New Wireless Partner Amid Profit Losses
    Qwest Communications International Inc. this week made good on its intentions to replace Sprint Nextel Corp. as its official wireless provider, choosing Verizon Wireless as the lucky winner. The announcement couldn’t have come at a better time, considering that today ...More
    May 6, 2008 By Tara Seals Posted in News
  • Rumors: T-Mobile Parent to Buy Sprint
    Sprint Nextel Corp.’s shares jumped on Monday as rumors circulated that Deutsche Telekom might buy the embattled wireless carrier. Sprint’s stock was trading for $8.22, up 33 cents, after the Wall Street Journal reported that Sprint and Deutsche ...More
    May 5, 2008 Posted in News
  • Sprint Names New CFO
    Dan Hesse, Sprint Nextel’s new CEO, has named a replacement for former CFO Paul Saleh. Robert Brust, who served as CFO of Eastman Kodak Co. and Unisys Corp., will assume the new role immediately, Sprint said in a news release on Thursday. Brust’s appointment ...More
    May 2, 2008 Posted in News