Financial

  • Avaya Offers to Buy Ubiquity Software
    Avaya Inc.said Friday it has offered to buy Britain-based Ubiquity Software Corp. for approximately $144 million in cash. Avaya would pay 37.3 pence, or 73 cents, for every Ubiquity share. Ubiquity develops and markets SIP-based software for fixed and mobile communications ...More
    January 12, 2007
    Posted in News, Voice over IP (VoIP)/IP Telephony
  • Motorola Completes Symbol Acquisition
    Motorola Inc. on Monday completed its $3.9 billion acquisition of Symbol Technologies Inc. Symbol is now a wholly owned subsidiary of the company and will be the cornerstone of Motorola's networks and enterprise business. Motorola will keep Symbol's Holtsville, N.Y., ...More
    January 9, 2007
    Posted in News, Voice over IP (VoIP)/IP Telephony
  • New Edge Networks Names President
    New Edge Networks Inc. has named Linda Beck as president of the business network company that is a wholly owned subsidiary of EarthLink Inc. Beck, an executive vice president of EarthLink and general manager of EarthLink Business Solutions, had been interim president of New ...More
    January 9, 2007
    Posted in News
  • TelcomBrokers Buys Master Agency from Salestream Founders
    Telcombrokers recently purchased the assets of Tru Choice Communications, a master agency based in Corona, Calif., which was owned by the founders of Salestream Software, makers of MasterStream channel management software. Telcombrokers, a master agency based in Santa Ana, ...More
    January 5, 2007 By Khali Henderson
    Posted in News
  • Cross Telecom Acquires ACT
    Minnesota-based Cross Telecom, a provider of platforms for voice, data, IP telephony, wireless and other services, has acquired American Communication Technologies Inc. (ACT), headquartered in Florida. ACT is a software developer and systems integrator that specializes in ...More
    January 5, 2007
    Posted in News
  • Cisco Enters Computer Security Market With IronPort Acquisition
    Cisco Systems Inc. announced on Thursday it is buying privately held IronPort Systems Inc., which makes anti-spam and antivirus security products, for $830 million in cash and stock. Cisco has ruled the networking world with its routers and switches, and said it now wants ...More
    January 4, 2007
    Posted in News
  • Level 3 Completes Broadwing Acquisition
    Level 3 Communications Inc. has completed its $1.4 billion acquisition of Broadwing Corp. Level 3 will pay consideration to Broadwing shareholders of $8.18 in cash plus 1.3411 shares of Level 3 common stock for each share of Broadwing common stock outstanding at closing. ...More
    January 4, 2007
    Posted in News
  • FCC Approves Long-Awaited AT&T-BellSouth Merger
    After months of internal wrangling and false starts, the FCC late Friday unanimously approved the $84 billion merger of AT&T Inc. and BellSouth Corp. Democratic Commissioners Michael Copps and Jonathan Adelstein said in separate statements that they finally agreed to ...More
    December 29, 2006 By Kelly Teal
    Posted in News
  • AT&T Makes More Concessions in Bid to Close BellSouth Merger
    AT&T Inc. late Thursday made additional concessions in its bid to acquire BellSouth Corp.; critics have complained that the Bell company’s Oct. 13 compromises did not go far enough. AT&T filed a letter with the FCC on Dec. 28, stating it was trying to “break the ...More
    December 28, 2006 By Kelly Teal
    Posted in News
  • Level 3 to Acquire SAVVIS Unit
    Level 3 Communications Inc. is closing the year with another acquisition. The company said Tuesday it will acquire the content delivery network (CDN) services business of SAVVIS Inc. for $135 million in cash. It is the latest in a line of purchases Level 3 made this year, ...More
    December 27, 2006
    Posted in News
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