expected

 

Private Equity Firm Buys Stake in Integra

Private equity firm Warburg Pincus will invest at least $245 million to obtain a substantial equity interest in Integra Telecom Inc. The proceeds from the transaction will be paid to existing Integra investors in exchange for outstanding shares, Integra said. Integra Telecom will continue to operate as a privately held company and will not raise […]

Sprint Profits Drop to 1 Cent Per Share

Sprint Nextel Corp. reported a drop in second-quarter profits on Wednesday due to its WiMAX initiative and takeover expenses. The wireless provider said it earned $19 million during the three months that ended June 30, or 1 cent per share, compared with $370 million, or 10 cents per share, during the same period a year […]

Sprint, Clearwire to Develop Joint WiMAX Network

After several weeks of rumors, Sprint Nextel and Clearwire Corp. have announced they will jointly construct a nationwide mobile WiMAX network, market service under a common brand and work together on distribution. In June a press leak that the planned 4G mobile WiMAX network announced by Sprint last summer was going to cost more than […]

Report: Broadband, Entertainment Fuel Market

Driven by demand for broadband, the U.S. telecommunications market grew at its fastest rate since 2000 last year, according to a report released Thursday by TIA. And entertainment applications on both broadband and wireless networks are expected to help the market sustain growth, even if its not at the double-digit clip the industry has experienced […]

Verizon Reveals More Details of 2007 Program

The Verizon Solutions Partner Program is issuing a second Q&A document to partners that answers more outstanding issues concerning its revamped 2007 program. The document, a follow up to a previous memo issued in August, is expected to be in partners hands by Monday, a spokesperson for the company said. The new Q&A does not […]

Global Crossing to Acquire Impsat

Global Crossing Ltd. today announced  it has agreed to acquire Impsat, a Latin American provider of IP, hosting and data solutions, for approximately $95 million. The transaction is expected to close in the first quarter of 2007. Global Crossing said the acquisition will accelerate its strategy to provide converged IP services to enterprises and carriers globally, […]

AT&T Reports Higher-Than-Expected Earnings

AT&T Inc. beat analysts expectations with its third-quarter earnings as its net profits rose to 63 cents per share, compared to 47 cents a year earlier. The companys net income was $2.2 billion, up 73.8 percent versus $1.2 billion in the third quarter of 2005. Earnings totaled $2.4 billion, up 58.2 percent, compared to the […]

RNK Telecom to Acquire iOnosphere

RNK Telecom Inc., a provider of PSTN and VoIP telephony services, on Monday announced it has entered into a letter of intent to acquire iOnosphere Inc., a South Carolina-based provider of VoIP products and services, and international long-distance wholesale carrier. The transaction is expected to close by Aug. 31. The company said the combined entity’s […]

Power of Suggestion

WHEN YOU THINK ABOUT WIRELESS services: retail, Web and operator come to mind. It doesnt seem like systems integrators and VARs would play a role in how businesses buy wireless, but thats not really true. According to business decision makers, channel partners do play a role, an important one, in wireless decision making. It seems […]

AT&T to Merge with BellSouth

AT&T Inc. and BellSouth Corp. announced today an agreement to merge the two companies, allowing for the integration of the Cingular, BellSouth and AT&T networks into a single wireless and wireline IP network that will be marketed under the AT&T brand. AT&T Inc. is the result of the recent merger of SBC Communications Inc. and […]

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