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 9, 2007 Posted in Articles, Ethernet/ MPLS
  • NuVox Launches New Sales Channel Program
    Building on the momentum of its recent merger with FDN, service provider NuVox Communications Inc. (Booth 911, and COMPTEL sponsor), announced a new strategic sales channel that will provide wholesale services including UNE-L, resale and carrier offerings, as well as ...More
    October 9, 2007 Posted in Articles, Voice over IP (VoIP)/IP Telephony
  • Forsee Out as Sprint CEO
    Gary Forsee, chairman and CEO of Sprint, resigned on Monday. The news came about a week after several media outlets cited anonymous sources who said the move was imminent. Forsee has come under fire from board members for Sprint’s ailing financials. Indeed, Sprint lowered ...More
    October 8, 2007 Posted in News
  • Vonage Settles With Sprint
    Vonage Holdings Corp. on Monday said it will settle its patent dispute with Sprint Nextel Corp. by paying $80 million and licensing the technology it was found guilty of illegally using. Vonage lost another patent infringement suit two weeks ago. The IP telephony company ...More
    October 8, 2007 Posted in News
  • 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