Financial


  • Matisse Raises $45 Million to Expand Sales, Marketing of Its EtherBurst Optical Switch
    Matisse Networks (Booth 626) closed a $45 million Series C financing round to expand the sales, marketing and development of the EtherBurst optical switch. Merrill Lynch PCG invested $35 million in the round, which included Menlo Ventures, Monitor Ventures, Walden ...More
    October 8, 2007 Posted in Articles, Ethernet/ MPLS
  • Top Execs to Discuss Forbearance, Copper Retirement — and Personal Style
    Forbearance and special access are among the key issues expected to be discussed during today’s “The View from the Top” panel. But beyond delivering updates on such important topics, this panel should provide a fair amount of fun, considering the format COMPTEL President ...More
    October 8, 2007 By Paula Bernier Posted in Articles
  • Sprint Stocks Down on Board, CEO Rumors
    Sprint shares were down 27 cents during mid-day trading on Friday amid industry rumors that a stockholder wants to sit on the company’s board and that CEO Gary Forsee could be on his way out. Relational Investors LLC owns about 1.9 percent of Sprint’s shares and has stated ...More
    October 5, 2007 Posted in News
  • Rivermine and BBR Wireless Management Announce Merger
    TEM provider Rivermine announced a merger with BBR Wireless Management. The companies said they merged to meet ongoing, high demand for unified wireline and wireless expense management solutions from global customers and channel partners. Coming together under the Rivermine ...More
    October 4, 2007 Posted in News
  • AT&T To Acquire Conference-Provider Interwise
    AT&T Inc. announced today that it has agreed, through one of its subsidiaries, to acquire privately held Interwise Inc., a leading global provider of voice, Web and video conferencing services to businesses. AT&T will pay approximately $121 million in cash for the ...More
    October 1, 2007 Posted in News
  • Skype CEO Steps Down, eBay Takes Impairment Charge
    eBay Inc. said Monday Skype co-founder and CEO Niklas Zennstrom has stepped down. Zennstrom helped found the Internet phone company in 2003 and will become executive chairman of its board. Michael van Swaaij, the company’s chief strategy officer, will serve as CEO of Skype ...More
    October 1, 2007 Posted in News, Voice over IP (VoIP)/IP Telephony
  • ColoTraq Debuts Referral Program
    ColoTraq, a telecom B2B marketplace pioneer, is launching a referral program wherein it will pay a percentage of monthly recurring fees for two years for any business closed from referrals to its telecom marketplace. There are no quotas or commitments, and the program is ...More
    October 1, 2007 Posted in Articles
  • Fate of Last-Mile Venture in FCC Hands
    If M2Z Networks Inc. gets its way, then competitive service providers could have another alternative to incumbent lastmile access. By press time, though, the company was ready to go to court against the FCC, citing word that Chairman Kevin Martin is prepared to reject its ...More
    October 1, 2007 By Kelly Teal Posted in Articles
  • Agents Steamed Over Trinsic Bankruptcy Fallout
    The post-Trinsic-bankruptcy plot thickens. And if it weren’t for the fact that we’re talking about telecom, the story would sound an awful lot like a soap opera.It all started in February, when Trinsic Inc., the former Z-Tel Technologies Inc., filed Chapter 11 bankruptcy. ...More
    October 1, 2007 By Kelly Teal Posted in Articles
  • Lawsuit Has Little Impact on ShoreTel IPO
    ShoreTel Inc.’s ongoing legal tiff with rival Mitel Networks Corp. doesn’t seem to have impacted its initial public offering (IPO). ShoreTel got $86.3 million from its debut July 9 and has since traded at prices between $9.80 and $15.01. The legal wrangling began just ...More
    October 1, 2007 By Kelly Teal Posted in Articles