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, […]

Final Curtain Falls on UNE-P

MARCH 11, 2006, IS THE day UNE-P lease rates become mere footnotes to the Telecommunications Act of 1996. The day has been anticipated for a few years and been part of the official record since the FCCs ruling in December 2004. Because of this long lead time, the deadline is a non-event in the industry, […]

Global Crossing Improves Gross Margins as Revenue Falls

Global Crossing Ltd. on Tuesday reported a 21 percent decline in revenue for the first three months of the year, but improved its gross margins as the worldwide network services operator strived to get closer to profitability. First-quarter revenue of $526 million declined over the previous year by $140 million in step with the companys […]

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