Tangoe Raises $3 Million in Equity Round

Tangoe, a company providing enterprises software to manage their communications needs, announced Thursday raising $3 million in equity financing. Edison Venture Fund led the second financing round followed by Series A investors. “Tangoe has demonstrated that its software dramatically reduces an enterprise’s voice and data spend through automation and we are confident that its strong […]

OnFiber Acquires Telseon

OnFiber Communications Inc., a metropolitan wholesale carrier, has acquired its rival Telseon Inc. for pennies on the dollar, marking the company’s second bargain acquisition over the last three months. OnFiber, a privately held company based in Austin, Texas, acquired most of Telseon’s assets – valued at $85 million – for between five cents and 20 […]

Level 3 Beats Earnings Consensus, Lures Warren Buffett

Wholesale carriers that during the late `90s hey day raised a mountain of cash in public equity and high-yield bonds began their descent into insolvency last year after Silicon Valley’s dot com hotshots packed their bags. Faced with mounting debt payments and increasing skepticism about the viability of the wholesale carrier model following the demise […]

Carrier Channel: News Briefs

Posted: 06/2002 News Briefs Telia subsidiary Telia International Carrier is targeting upstart ISPs and ITSPs with its new Telia IP Connect, an enhancement of the company’s IP Transit service that makes it possible for companies to operate like large and well-established companies through complete outsourcing of IP address management and necessary administration, eliminating the need […]

Wholesale Channel:   Carrier’s Carriers Trim Debt in Reorganization Plans

Posted: 2/2002 Wholesale Channel Carrier’s Carriers Trim Debt in Reorganization Plans By Josh Long Bondholders at Broomfield, Colo.-based Level 3 Communications Inc. retrieved $721 million towards the end of 2001, a year the investors would prefer to forget. After holding its “Modified Dutch Auction” last fall, Level 3 abolished $1.713 billion in debt in exchange […]

Partner Channel – Lightyear’s Payment Shows Equity Programs Alive, Kicking

Posted: 08/2001 Partner Channel Lightyear’s Payment Shows Equity Programs Alive, Kicking By Tara Seals Lightyear Communications Inc. (www.lightyearcom.com) surprised everyone this summer by paying an equity disbursement to its “founding agents” after a merger with VarTec Telecom Inc. (www.vartec.net) was announced. In fact, contrary to what the dismal capital markets may indicate, the idea of […]

Wholesale: Deals Energize Carrier’s Carriers

Posted: 10/2000 Evolution Networks Bets on Wholesale Demand By Ken Branson Eric Ensor thinks a lot about places like Albany, N.Y., and Valdosta, Ga., these days. Cities like those–not necessarily those cities–are where Ensor and his colleagues expect to lead Evolution Networks Inc. (www.evnetworks.com) to profitability. Evolution Networks will offer wholesale services in second-, third- […]

Agency Channel: Taking Stock in Equity

Posted: 08/2000 Taking Stock in Equity By Tara Seals The unveiling of several landmark equity programs for agents two years ago sparked optimism and frenzied contract signings. But the resellers that pioneered the concept still have not fully executed their business plans.With undelivered promises of high-multiple acquisitions, agents now are looking for equity in the […]

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