Financial

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
Verizon Reports 95% Response to Agent Contract

Despite attempts to organize a boycott against Verizon’s new agent agreement, nearly 95 percent of the agents invited to participate in the 2007 Verizon Solutions Partner Program are expected to sign the contract, the company said. Shelley Murphy, vice president, Verizon ...More
December 19, 2006 By Khali Henderson
Posted in News
Brightpoint to Acquire CellStar

Mobile phone distributor Brightpoint Inc. is buying rival distributor CellStar Corp. for $88 million in cash. The deal applies to CellStar’s assets and liabilities in its U.S. operations and the Miami-based division that targets Latin America. None of CellStar's operations ...More
December 19, 2006
Posted in News
McDowell Won’t Vote on AT&T-BellSouth Merger

FCC Commissioner Robert McDowell late Monday announced he will not vote on the pending $85 billion merger between AT&T Inc. and BellSouth Corp. Late last week, the FCC’s general counsel, Samuel Feder, wrote in an analysis that McDowell could indeed take part in the ...More
December 18, 2006 By Kelly Teal
Posted in News
FCC Lawyer: McDowell Can Vote on AT&T-BellSouth Merger

The FCC’s general counsel late Friday issued analysis permitting Republican commissioner Robert McDowell to vote on the pending AT&T Inc.-BellSouth Corp. merger if he so chooses. McDowell had recused himself from the proceedings because he came to the FCC from COMPTEL, ...More
December 8, 2006 By Kelly Teal
Posted in News
Hostopia Makes Debut on Toronto Stock Exchange

Hostopia.com Inc., a wholesaler of Web hosting services, on Friday marked the listing of its common shares on the Toronto Stock Exchange. At midday, shares were trading for approximately $5.39 in U.S. currency, down 5 cents. The company – which sells to communications ...More
December 8, 2006
Posted in News
TelePacific to Buy Fellow CLEC Arrival

Now that TelePacific Communications serves the Central California market thanks to its Pac-West acquisition last year, the company is expanding in that area with another merger announced on Wednesday. TelePacific Communications said it will buy Arrival Communications, ...More
December 6, 2006
Posted in Articles
PAETEC Wins Stevie Award

PAETEC Communications Inc. has been presented with a Stevie Award for being the Telecommunications Sales Organization of the Year. PAETEC received the award at the 2006 Selling Power Sales Excellence Awards, held Monday night in Las Vegas. More than 230 nominated sales ...More
December 5, 2006
Posted in News
Verizon Holds Agent Kickoff Event Despite Contract Questions

Despite lingering questions and concerns about Verizon’s new agent agreement, about two-thirds of the agents invited to participate in the 2007 Verizon Solutions Partner Program attended the kickoff meeting Wednesday in Basking Ridge, N.J., the company said. Nearly 100 ...More
November 30, 2006 By Khali Henderson
Posted in News
telx Sold to GI Partners

The telx Group Inc. has been sold to GI Partners, a transatlantic private equity firm. Detailed terms of the transaction have not been disclosed. “This is a monumental achievement by a team of outstanding professionals who I have had the pleasure to lead through innumerable ...More
November 22, 2006
Posted in News