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Global Crossing Changes Channel

Global Crossing Ltd. in late May laid off several employees that supported the companys channel program, according to sources close to the company. The reduction impacted less than five people in executive and support roles; names were not disclosed, but PHONE+ has learned at least two were channel managers. The action touched off rumors that […]

Motorola Invests in Vocera

Motorola Inc., through its strategic venture capital division, has bought a stake in Vocera Communications, the company said Wednesday. Terms of the deal were not disclosed. The Vocera Communications System lets workers communicate over a facility’s wireless network through a hands-free, wearable badge. The Cupertino, Calif.-based company serves hospitals, hotels, libraries and other retail businesses. […]

Broad Air Selects AT&T Networking Infrastructure

Broad Air Communications Inc., a provider of high-speed Internet access for residential and business customers, has selected AT&T Corp. to provide portions of the networking infrastructure for its wireless Internet service. Terms of the contract were not disclosed.Using AT&T’s IP backbone, Broad Air will provide customers in rural communities with high-speed Internet access, e-mail and […]

ITC^DeltaCom Announces Financing Commitment

ITC^DeltaCom Inc., the telecommunications provider in the Southeast, on Tuesday announced arranging a $239 million financing commitment from Tennenbaum Capital Partners LLC, a private investment firm. West Point, Ga.-based ITC^DeltaCom said it would use $209 million to fully refinance its senior credit facility while $30 million would be extended as a subordinated secured loan and […]

Qwest Drops out of Hunt for MCI

Qwest Communications International Inc. on Monday said it was dropping out of the bidding war with Verizon Communications Inc. to acquire MCI Inc. after MCI declared a lower bid by Verizon to be superior. It is no longer in the best interests of shareowners, customers and employees to continue in a process that seems to […]

Verizon Back in Lead Position for MCI

Verizon Communications Inc. on Monday said MCI Inc.s board of directors is unanimously recommending approval of an amended agreement for Verizon to acquire MCI. Verizon has raised its offer for the No. 2 long-distance carrier to at least $8.5 billion in cash and stock, which is still well below the $9.85 billion bid Qwest Communications […]

Ambient, DS2 Form New Pact to Offer High-Speed BPL

Ambient Corp., an equipment maker for the broadband over powerline market (BPL) and DS2, a supplier of silicon chipsets, on Monday disclosed a new agreement geared to allow service providers to deliver such high speed applications as video-on-demand (VOD) and video conferencing over an electric grid. Under the pact, Ambient will integrate DS2s family of […]

Wireless – Texas Pacific Group Invests in Gemplus

Posted: 06/2000 Texas Pacific Group Invests in Gemplus Texas Pacific Group, an international private equity firm, will invest between $300 and $500 million in equity into Gemplus (www.gemplus.com), a provider of smart card-based solutions and technologies.Texas Pacific Group will join Founder and Chairman Marc Lassus, Gemplus employees and members of the Quandt Family of Germany, […]

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