assets

 

Telstra Wraps Pacnet Acquisition Pending U.S. Approval

The acquisition two-and-a-half years after Pacnet announced an initiative to expand its channel efforts in the U.S. in 2012. The company promoted Jason Kitzmiller as director of channel sales a year ago.

iPhone 6, Low Churn to Drive AT&T’s Q3 Numbers

AT&T CSO John Stankey said he anticipates that churn numbers will be low despite the increasing competition for customers among the big four wireless carriers. He also predicted a big finish to the quarter as Apple’s new iPhones go on sale on Friday.

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 SureWests more than 50-owned communication towers. SureWest had more than 50,000 wireless subscribers, as of the third quarter last year, and its […]

Gartner: Worldwide Communications-as-a-Service Revenue to Total $252 Million in 2007

The market for communications as a service (CaaS) has started relatively slowly as providers determine how to define, package and market service as a value-added Internet protocol (IP) telephony offering, according to Gartner, Inc. Worldwide CaaS is projected to total $251.9 million in 2007, a 37.6 percent increase from last year. The market is expected […]

ILD Acquires Andiamo Telecom Assets

ILD Telecommunications Inc. said Tuesday it has acquired certain assets of facilities-based carrier Andiamo Telecom LLC for an undisclosed sum. ILD said the acquisition helps broaden the companys outsourced services reach into the international marketplace. San Luis Obispo, Calif.-based Andiamo Telecom serves international and domestic clientele. Privately held Andiamo Telecoms operator services call center division […]

Judge: Nacchio Must Forfeit Assets of $52 Million

Qwest Communications International Inc.s former CEO, Joe Nacchio, must forfeit $52 million in assets he gained after illegal stock sales. The federal government has tried since late 2005 to force Nacchio to hand over those proceeds. A federal judge in Denver released the forfeiture order on Friday as Nacchios sentencing hearing was starting. Nacchio in […]

Shared Technologies Acquires layerX Assets

Shared Technologies Inc. has acquired the majority of security virtualization software provider layerX Technologies LLCs assets for an undisclosed amount. The acquisition results in a newly formed, wholly owned subsidiary of Shared Technologies, STI LayerX Inc. The subsidiary will partner with Shared Technologies to deliver converged security platforms and provide enterprise security management and virtualization […]

Telcombrokers Begins Buying Spree

In what is described as the first of many acquisitions, master agency Telcombrokers in late December purchased the assets of Tru Choice Communications, a rival master agency based in Corona, Calif. Telcombrokers Dominic Antonini We are very pleased to complete the acquisition of the TruChoice agents and customers. This acquisition marks a step forward in […]

News Briefs

Covad Communications Group Inc. announced it will acquire the assets of DataFlo Communications LLC, a Chicago-based broadband wireless provider, adding a sixth market to its coverage area. Covad will acquire substantially all the assets of DataFlo for approximately $1.4 million in cash. Covad already offers broadband wireless to Los Angeles, San Diego, San Francisco, Orange […]

Alltel Completes Purchase of Midwest Wireless

Alltel Communications Inc. has completed its $1.075 billion cash purchase of Midwest Wireless Holdings of Mankato, Minn. Alltel expects to gain approximately 450,000 wireless customers in southern Minnesota, northern and eastern Iowa, and western Wisconsin, expanding the companys 850MHz wireless business into contiguous markets that cover a population of 1.9 million. Alltel is purchasing Midwest […]

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