Fate of Last-Mile Venture in FCC Hands

If M2Z Networks Inc. gets its way, then competitive service providers could have another alternative to incumbent lastmile access. By press time, though, the company was ready to go to court against the FCC, citing word that Chairman Kevin Martin is prepared to reject its proposal. Read FCC Opens Unused-Spectrum Proceeding, M2Z Appeals Dismissal for […]

Jury Debates Nacchio Fate

The trial of Joe Nacchio, former CEO of Qwest Communications International Inc., went to the jury today, shortly after noon Mountain Time. A jury of eight men and four women is considering whether Nacchio took part in insider trading for sales of $100.8 million in Qwest stock between Jan. 2, 2001, and May 29, 2001. […]

Global Crossing’s Fate to be Determined Next Week

Global Crossing Ltd. (www.globalcrossing.com) could be destined for a transformation in one week after potential investors make final bids for the company. The bankrupt operator won’t disclose names of the organizations that submitted bids last week, but a private auction is scheduled July 24 at the offices of Weil Gotshal (www.weilgotshal.com) & Manges LLP in […]

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