Financial


  • Motorola 4Q Profit Plunges 84%
    Motorola Inc.’s new CEO, Greg Brown, warned on Wednesday that a turnaround in the company’s handset division will take longer than expected, after the equipment maker reported an 84 percent plunge in fourth quarter profits. Motorola shipped fewer wireless phones in the ...More
    January 23, 2008 By Kelly Teal Posted in News
  • Verizon Wireless to Acquire Assets from SureWest
    Verizon Wireless will buy the operating assets of SureWest Communications’ wireless business for $69 million, the companies said Tuesday. Verizon Wireless will acquire the spectrum licenses and operating assets of SureWest Wireless, excluding SureWest’s more than 50-owned ...More
    January 22, 2008 Posted in News
  • Telcombrokers Acquires Telogic
    Telcombrokers said it has acquired Irvine, Calif.-based master agency Telogic. The acquisition is expected to close within 30 days. Telcombrokers said it has almost completed the process of rolling up the Telogic agreements with TelePacific, PAETEC, ACC Business, New Edge ...More
    January 21, 2008 By Cara Sievers Posted in News
  • Qwest Shares 2007 Partner Report Card at Q.Marketplace
    The Qwest Business Partner Program is the fastest growing channel within the Qwest Communications International Inc. Business Markets Group (BMG), according to company executives presenting at the annual partner event, Q.Marketplace, held this week in Denver where the ILEC ...More
    January 18, 2008 Posted in News
  • Verizon Sues Cox for IP Patent Infringement
    Verizon Communications Inc. is suing Cox Communications for infringing on eight of its Internet Protocol-related patents. Verizon filed the case Jan. 11 in the Eastern District Court of Virginia, the same court that’s handling Level 3 Communications Inc.’s patent ...More
    January 18, 2008 By Kelly Teal Posted in News, Voice over IP (VoIP)/IP Telephony
  • Sprint to Cut Jobs, Reports Continued Subscriber Loss
    In an effort to combat a continued loss of wireless subscribers and profit, Sprint Nextel Corp. said Friday it would be closing down 8 percent of its 1,400 retail stores, along with more than 4,000 of its 20,000 third-party distribution points, while eliminating 4,000 jobs ...More
    January 18, 2008 By Tara Seals Posted in News, Voice over IP (VoIP)/IP Telephony
  • Telcombrokers Announces Contract Roll-ups
    Telcombrokers has announced contract roll-ups with Complete Communications Inc. and Global Communications 2000. Complete Communications, based in Salt Lake City, already was a Telcombrokers agent, but it also had an independent relationship with TelePacific. So, as part of ...More
    January 18, 2008 By Cara Sievers Posted in News
  • FCC Names Qualified 700MHz Spectrum Auction Bidders
    The FCC on Monday released the list of companies authorized to bid in the upcoming 700MHz spectrum auction. AT&T Inc., Google Inc. and Verizon Wireless are among the big names. MetroPCS Communications Inc. and Vulcan Spectrum Management Inc., an investment firm backed ...More
    January 15, 2008 Posted in News
  • Perimeter eSecurity Acquires SECCAS
    Perimeter eSecurity said Tuesday that it has acquired Secure Electronic Communication Compliance Archival System (SECCAS), an outsourced provider of e-messaging compliance to public and financial services companies. This acquisition complements Perimeter eSecurity’s ...More
  • TDC, iBasis Announce International Voice Service Agreement
    iBasis, a KPN affiliate, and TDC of Denmark announced that the companies have reached an agreement that will make iBasis the exclusive provider of international voice services for TDC for a five-year period. iBasis will pay TDC approximately $10 million in cash, while the ...More
    January 14, 2008 Posted in News