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Microsoft-Nokia Device Merger Raises Branding Questions

Microsoft is only buying an exclusive license to the Nokia brand for devices until the middle of next year. The remaining part of Nokia not being sold to Microsoft has said it won’t compete with the Redmond, Wash.-based software giant until then.

EarthLink Cuts Jobs

EarthLink Inc. said on Tuesday it will cut 900 jobs and close four offices because it needs to reduce operating costs. The companys stock was up 48 cents on the news, closing at $7.34. The loss of 900 employees represents about half of EarthLinks work force. EarthLink is closing its offices in Harrisburg, Penn., Knoxville, […]

ECI Telecom to be Acquired for $1.2 billion

ECI Telecom Ltd. said Monday it has agreed to be acquired by the Swarth Group and Ashmore Investment Management Ltd. for approximately $1.2 billion. ECI shareholders will receive $10 per share in cash at closing, representing a premium of approximately 22 percent over ECI’s average closing price during the 30 trading days ending June 15, […]

Shared Technologies Acquires UAC

Shared Technologies Inc. has acquired United Asset Coverage Inc. (UAC). Details of the transaction were not disclosed. Illinois-based UAC provides integrated telecommunications and data networking maintenance services through a network of 41 offices across the country. Shared Technologies had previously acquired two UAC subsidiaries in April 2006. Prior to the closing of the new deal, […]

Level 3 Plunks Down $165 Million for Looking Glass

Less than a week after closing its acquisition of ICG Communications, Level 3 Communications Inc. on Monday said it will continue its buying spree by paying $165 million for Looking Glass Networks Inc. The deal is expected to be wrapped up in the third quarter. Level 3 will pay total consideration to Looking Glass’ security […]

Level 3 to Buy ICG Communications

Fresh off its Progress Telecom acquisition, Level 3 Communications Inc. said today it will acquire all of the stock of ICG Communications Inc., a privately held Colorado-based telecommunications company for $163 million. “This transaction gives Level 3 the opportunity to further expand our footprint into areas where we see demand for our services, and to […]

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