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Verilink Files Bankruptcy, Fires Company Heads

Verilink Corp., makers of broadband access equipment for ILECs, CLECs, IXCs and other carriers, said today it has filed for Chapter 11 bankruptcy. The Colorado-based company which distributes through VARs and other channel partners said it needs to reorganize so it can relieve some of its financial pressures, according to its news release. Verilink has […]

Telecom Associations Coalition to Lobby for Rural Consumers

As Congress prepares to address telecom reform for the second time in 10 years, four associations have formed the Coalition to Keep America Connected. The Independent Telephone & Telecommunications Alliance, National Telecommunications Cooperative Association, Organization for the Promotion and Advancement of Small Telecommunications Companies and the Western Telecommunications Alliance held a press conference today announcing […]

Birch Files for Chapter 11 Bankruptcy, Cassity Resigns

Kansas City-based Birch Telecom on Friday said it has filed for Chapter 11 bankruptcy and accepted the resignation of CEO Mike Cassity. The CLEC made the filings after announcing earlier in the week it was laying off one-third of its workers. The company is struggling to compete in the wake of changed FCC rules restricting […]

FDN, Equity Firm Acquire Supra Telecom

FDN Communications and H.I.G. Capital, a private equity firm in the Southeast, have acquired Supra Telecom, a Miami-based telephone company operating out of bankruptcy court protection. Maitland, Fla.-based FDN and H.I.G. each will own half of Supra, a telecommunications provider supporting about 250,000 residential customers and generating annual revenue of approximately $150 million, according to […]

Writing a New Chapterin Telecom History

Posted: 11/2003 Writing a New Chapter in Telecom History By Walter G. Blackwell The Competitive Telecommunications Association (CompTel) and Association for Communications Enterprises (ASCENT) began writing a new chapter in the history of the competitive telecommunications industry last month when the associations merged to form the CompTel/ASCENT Alliance. The marriage of these preeminent trade groups […]

WorldCom’s Fraud: Even Deeper, Says Investigator

A bankruptcy court examiner said in a report released Monday that WorldCom’s fraud is likely to be even greater than had been thought. Richard Thornburgh, a former U.S. attorney general, released a preliminary report that found WorldCom’s fraud could be even larger than the $7.2 billion restatement and that former CEO Bernie Ebbers guaranteed or […]

Unintended Consequences

Posted: 11/2002 Unintended Consequences ALL’S FAIR IN LOVE AND WAR … but what about business? The recent spate of Chapter 11 protection filings in the sector has spurred an unexpected debate over U.S. bankruptcy policies. It begins like this: If companies such as WorldCom are allowed to emerge from bankruptcy and are cleansed of all […]

PARTNER CHANNEL: Are You at Risk?

Posted: 06/2002 Are You at Risk? Assessing Your Partners’ Survivability By Khali HendersonBERNIE EBBERS RESIGNATION AS CEO of WorldCom Inc. was a pivotal juncture in telecom’s collapse. Good or bad, his exit personalizes the industry’s fall from grace. And what a fall it has been. WorldCom was trading at less than $2 in May, down […]

Business News – JD Services Files for Bankruptcy; VoCall CEO to Challenge Bankruptcy Petition

Posted: 11/2000 JD Services Files for Bankruptcy; VoCall CEO to Challenge Bankruptcy Petition By Josh Long JD Services Inc., a provider of cellular, pre-paid, and long-distance products and services, filed for bankruptcy in September under Chapter 7 in the U.S. Bankruptcy Court District of Utah. Headquartered in Salt Lake City, JD Services initially filed for […]

NEWS BRIEFS

Posted: 02/2000 NEWS BRIEFS? * EqualNet Corp., San Antonio, announced its common stock was pulled off the Nasdaq Stock Market as a result of not having met its maintenance listing requirement of $1 per share minimum bid price. EqualNet’s common stock now is traded on the Over the Counter market. EqualNet filed Chapter 11 bankruptcy […]

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