IDT Signs Wholesale Services Agreement with Verizon

IDT Corp. said today it has signed a long-term wholesale services agreement with Verizon Communications Inc. for local phone service. The new agreement takes effect on Aug. 1. Verizon will provide IDT, a CLEC, with dial-tone services or access to its local networks for a term lasting up to five years. The deal preserves the […]

Ebbers Sentenced to Prison

The final chapter in the saga of WorldCom Inc. was revealed Wednesday when its former chief executive Bernie Ebbers was sentenced to 25 years in prison for an $11 billion accounting fraud that caused the telecommunications titan to file the largest bankruptcy in U.S. history. Ebbers was credited with transforming Mississippi-based WorldCom into one of […]

TelePlus Resells Wireless Minutes to E-Mobile

TelePlus Wireless Corp., an MVNO subsidiary of TelePlus Enterprises Inc., has signed a wireless service agreement with E-Mobile group of Companies LLC in Dallas. TelePlus Wireless will resell wireless airtime minutes to E-Mobile, and E-Mobile will sell those services under its brand name. TelePlus earlier this week announced a licensing agreement with E-Mobile, allowing E-Mobile […]

Qwest Backs Out of Fight for MCI

After months of back-and-forth offers to try and buy MCI Inc., Qwest Communications International Inc. has pulled out of the fight for the ailing carrier, which stands to be acquired by Verizon Communications Inc. Qwest Chairman and CEO Richard Notebaert at a shareholders meeting yesterday told attendees, [W]e arent looking at MCI. Thats over. Notebaert […]

Trinsic Adds Two Customers

Trinsic Inc., which used to be UNE-P wholesaler ZTel, says it has added two major clients in New York City to its roster of IP voice and data services users. Trinsic started providing IP services for businesses earlier this year. The provider says it has signed a three-year, $250,000 term agreement with Weston United Community […]

PNG Launches Service Bundles in Texas

Service provider PowerNet Global Communications yesterday introduced local and long-distance phone service bundles for residential customers in Texas. The services are sold through the companys channel partners. The packages start at $16.33 for unlimited local calls and 30 minutes of monthly domestic long-distance. For $21.33 per month, Texas residents get unlimited local calls and 120 […]

TIA Elects New Board Members

The Telecommunications Industry Associations (TIA) board of directors earlier this week elected eight new board members. The new board members are Michael Thurk, group vice president of enterprise for Avaya; Charlie Fox, general manager of Tyco; Carlos Munoz, CEO of Cam Communications Inc.; and Alexis Scott, executive vice president of Lexcom Telecommunications Company. Michael Glickman, […]

AP: Qwest Raises Offer for MCI

Qwest Communications International Inc. on Thursday raised its offer for MCI Inc. to $8.94 billion in a bidding war with Verizon Communications Inc., the Associated Press reported. Qwest CEO Richard Notebaert set a deadline of midnight April 5 for MCIs board of directors to respond to the offer before it would be withdrawn, the Wall […]

Xspedius Completes Financing

Xspedius Communications LLC, a private telecommunications carrier targeting businesses in the Southeast, has arranged $55 million in senior secured debt financing. Missouri-based Xspedius announced using the proceeds of the loan to repay existing subordinated debt and to support general purposes, including potential acquisitions. The loan arranged by Jefferies & Company Inc. matures in March 2010. […]

WSJ: Qwest to Augment MCI Offer

Qwest Communications International Inc. is expected to raise its $8 billion offer for MCI Inc. this week in the ongoing bidding war between Qwest and Verizon Communications Inc. for the former WorldCom, the Wall Street Journal reported on Monday. The Journal did not say by how much Qwest planned to increase its proposal. Although Verizon […]

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