Financial


  • SEC Charges More Ex-Nortel Executives
    Four more former Nortel Networks Corp. executives have been charged with accounting fraud. The U.S. Securities and Exchange Commission filed the charges Wednesday against Douglas Hamilton, vice president of finance for optics; Craig Johnson, vice president of finance for ...More
    September 13, 2007 Posted in News
  • kajeet Raises $36.8M
    Finally, some good news in an MVNO market shaken by failures (Amp’d Mobile, most recently) and dire analyst predictions. Tween-focused kajeet, launched six months ago on the Sprint Nextel network, announced today that it has secured $36.8 million in Series B venture capital ...More
    September 10, 2007 Posted in News
  • IPtimize to Acquire WTI
    Denver-based IPtimize Inc. plans to buy CLEC WTI LLC in a move it expects will boost revenue and subscriber counts. Terms of the deal were not disclosed, even though IPtimize is a publicly traded company. However, it trades on the Pink Sheets market, a system comprised of ...More
    September 4, 2007 Posted in News
  • Integra Closes Eschelon Acquisition
    Integra Telecom Inc. said Friday it completed its $566 million purchase of Eschelon Telecom Inc. Eschelon is now a wholly owned company of Integra, which paid $30 per share for the company. The deal was announced in March. Integra said the combined company is one of the ...More
    August 31, 2007 Posted in News
  • Round Table
    On the sudden demise of VoIP provider SunRocket… “Much of the blame for this mess is being heaped on the CEO, Lisa Hook. She struggled at AOL, but this is telecom, where you get to fail time and time again.”—Peter Radizeski, RAD-INFO president “The implosion of SunRocket is ...More
    August 30, 2007 Posted in Articles, Voice over IP (VoIP)/IP Telephony
  • Qwest CEO Search Ends With Mueller
    Qwest Communications International Inc.’s appointment of Edward A. Mueller as its new chairman and CEO appears to be a good move, analysts say. But some wonder whether anything significant will change for the third largest Bell company if Mueller doesn’t bring new and ...More
    August 30, 2007 By Kelly Teal Posted in Articles
  • Alltel Shareholders Approve Buyout
    Alltel Corp. said Wednesday its shareholders have approved the $27.5 billion buyout by TPG Capital and GS Capital Partners. The company said approximately 97 percent of the shares voted in favor of the deal at a special meeting. The acquisition was announced in May. The ...More
    August 30, 2007 Posted in News
  • SunRocket Crashes
    When SunRocket Inc. abruptly shut down this summer, the news seemed to come out of nowhere. But there were signs pointing to the young company’s demise that were easily overlooked by an industry mad for VoIP. Numbers from research firm TeleGeography show that SunRocket’s ...More
    August 29, 2007 By Kelly Teal Posted in Articles, Voice over IP (VoIP)/IP Telephony
  • Intelliverse: Job Cuts Part of Sales Reorg, Agent Program Intact
    Intelliverse cut one-fourth of its 20-person sales team in early August. The company’s vice president of channel sales and four other staff members were let go as part of a reorganization of the sales department, but the reductions – including the entire three-person agent ...More
    August 29, 2007 By Khali Henderson Posted in Articles
  • Pack a Punch
    With Pure-Play VoIP resellers struggling to hang on in a market dominated by cablecos, attention has turned lately to the business model surrounding these virtual VoIP providers and the big margin punch the back-office can pack. A new crop of back-office enablers has ...More
    August 29, 2007 By Tara Seals Posted in Articles, Voice over IP (VoIP)/IP Telephony