deal

 

Brightpoint Completes Acquisition of Dangaard

Brightpoint Inc. said it completed its acquisition of Denmark-based Dangaard Telecom this week. Brightpoint issued 30 million shares with a value of with a value of $384.9 million of its stock and $100,000 for exchange of all shares of Dangaard. It also assumed $350 million of Dangaards debt. Brightpoint said the combined entity would have […]

8×8 Signs Official Deal to Transition SunRocket Subs

8×8 Inc., provider of the Packet 8 VoIP service, is offering special rates to SunRocket Inc. subscribers in a deal negotiated by 8×8 and the firm managing SunRockets closure. 8×8 on Wednesday did not identify that firm. 8×8 said it will waive all typical start-up costs for residential plans and offer one free month of […]

Digium Acquires Sokol & Associates

Digium Inc. said Wednesday it has acquired Sokol & Associates LLC, a provider of training for Asterisk users and producer of the AstriCon open source conference. Terms of the deal were not disclosed. Digium said the deal gives it an additional way to communicate Asterisk enhancements to the IT, telephony, software development, reseller and call […]

Bruce Berry

Company Name: eGix Inc. How long have you been reading PHONE+?: About 15 of the 20 years. Why do you read PHONE+?: It provides informed views of the industries trends and direction. Where did you work in 1987?: Boston What was your title in 1987?: Product Manager What do you remember most about 1987?: It […]

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, […]

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 […]

News Briefs

Attorneys for former Qwest Communications International Inc. CEO Joe Nacchio have asked a Denver court for an acquittal, a new trial and a change of venue in his insider trading case. Nacchios attorneys said the jury that convicted him on 19 of 42 counts in April was exposed to public attacks on the defendant. A […]

Palm to Sell 25 Percent Stake

Palm Inc. said Monday it will sell a 25 percent stake to private equity firm Elevation Partners for $325 million and name former Apple Inc. executive Jon Rubinstein as chairman. The deal calls for the company to pay $9 per share, or about $940 million, in a special distribution to shareholders. The company said funds […]

Windstream to Pay $585 Million for CT Communications

Windstream Corp., a spinoff of Alltel, said Tuesday it will buy ILEC CT Communications Inc. for approximately $585 million. Windstream plans to purchase all of CT Communications outstanding shares for $31.50 apiece, using debt and existing cash. The deal should close in the second half of 2007, the carrier said, once it secures shareholder and […]

Verizon Profit Falls 8.4 Percent, But Sales Grow

Verizon Communications Inc. watched its first quarter profits fall 8.4 percent after investing more than $22 million in its high-speed fiber optic network during the three month period that ended March 31. The RBOC saw its net income drop from $1.63 billion, or 56 cents a share, to $1.5 billion, or 51 cents a share, […]

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