capital

 

COMPTEL: Accedian Lands $7.5M B Series Funding

Accedian Networks Inc. (Booth 412), a provider of network performance assurance solutions for Ethernet service providers, announced it has received $7.5 million in a series B round of funding. The new capital is in addition to a $4 million series A round financing received by the Canada-based company in spring 2006. Initial investors Skypoint Capital […]

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 Federal Communications Commission still must approve the transaction. Alltel, which […]

Capital 2.0 Event Gains COMPTEL Partnership

Bringing together telcos seeking funding and the capital markets firms that have it can be a daunting task. The undertaking becomes far lighter lifting when you have a major carrier trade association aboard. xchange magazine, the creator and producer of Capital 2.0: Funding the Telco Future, has partnered with COMPTEL, whose membership includes a long […]

Playing to Win

By all accounts, Avaya Inc. was ready to get Wall Street off its back. Competition in IP and unified communications is hot, hot, hot. And Avaya has spent its time reacting to investors looking over its shoulder. Certain things can inhibit some longerterm strategies, says an Avaya spokesperson. So, after weeks of speculation, Avaya on […]

Alltel Stocks Rise on Acquisition Announcement

Alltel Corp. stocks were up by nearly $5 late Monday morning on news that the company will be bought by two private equity firms for $27.5 billion. The deal marks the largest leveraged buyout of a telecom company. Little Rock, Ark.-based Alltel is the fifth-largest wireless carrier in the United States. It also owns the […]

Speakeasys Partners a Best Buy for Electronics Retailer

One of the reasons Best Buy bought Speakeasy Inc. was for its 4,700 indirect channel partners. Indeed, the broadband service providers agent reach was a very important aspect of what Best Buy saw in Speakeasy, says Bruce Chatterley, Speakeasys president and CEO. To that end, executives want partners to know that their places are valued […]

NuVox, FDN to Merge

NuVox Communications and FDN Communications said on Wednesday they will merge in a deal that will result in more than 90,000 customers and 1 million voice and data lines. The transaction is expected to close in June. Financial details were not disclosed; both CLECs are privately held. However, they said their combined annual revenue will […]

Silver Point Capital to Acquire Sage Telecom

Private investment firm Silver Point Capital will acquire Sage Telecom Inc. Financial terms of the deal, which is expected to close during the second quarter of 2007, were not disclosed. Allen, Texas-based Sage is a CLEC serving residential and small business customers in suburban and rural communities. The privately held company provides local, long-distance and […]

Last Mile Connections Names New CEO

Last Mile Connections (LMC) said on Tuesday executive chairman Ron LeMay will take over as CEO and president. He replaces founder, president and CEO James Martino, who is stepping down after helping the company raise $33 million in investment capital. LeMay came to the company in September 2005 from Ripplewood Holdings LLC, once Ripplewood closed […]

i3 Networks Adds NexTone Products to Switch Program

Wholesaler i3 Networks is adding NexTone Communications Multiprotocol Session Exchange (MSX) and Real-Time Session Manager (RSM) products to its fractional switch program, giving VoIP service providers the ability to add network capacity with little capital and operational expenditures. i3 Networks said its partners now can add SIP routing and session control on a per-port basis […]

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