finance

 

Vonage Legal Woes Continue, Stock Nosedives to All-Time Low

Vonage Holdings Corp. stock on Wednesday took a nearly 48 percent dive bottoming out at 94 cents per share and surpassing the previous all-time low of $1.20 after it got hit, twice, with more bad legal news. On Wednesday, a federal appeals court reaffirmed an earlier order that bars Vonage from using VoIP-PSTN connection and […]

Attract Big Spenders Without Breaking the Bank

Drawing on experience from insurance, real estate and manufacturing industries to supplement his work in telecom, Tim Basa, vice president of sales at BullsEye Telecom, plans to shoehorn a three-day clinic of dos and donts into todays session, Marketing for Maximum Profit, for agents targeting large, multisite businesses. Companies are wasting a lot of time […]

Carrier and Channel Executives Debate Partners Value

While each partner and each vendor follows a different course, they are all trying to arrive at a similar destination profitability. How to get there is a matter for debate. The community at channel partners is in agreement on at least one thing the indirect model presents a promising path. What that path should look […]

FreedomVoice Offers Hosted PBX

FreedomVOICE Systems (Booth 500-504) announced the launch of its hosted PBX service, FreedomIQ, with the company providing all technical support and maintenance for the onpremises switching alternative. The company claims its research shows the commission opportunity of 20 percent is double that of other providers. By signing up like-minded installers, a master agent can see […]

EarthLink will not Further Fund Helio

Glitz-and-glamour MVNO Helio LLC will receive up to $270 million in fresh capital from parent company SK Telecom, it was reported today. But the Korean giant will fly solo; Helios other parent, EarthLink Inc., which previously reported Helio as a drag on its finances, has no plans to further fund its MVNO offspring, it said. […]

Agents See Strong Bell Rival in PAETEC-McLeod Pairing

PAETEC Holding Corp.s purchase of McLeodUSA Inc. appears to hold a number of benefits for agents, not the least of which is a footprint that creates a strong CLEC rival to the Bell system. But as with any merger, some challenges await. Agent and analyst reaction so far indicates PAETEC likely will encounter problems with […]

T-Mobile to Acquire SunCom Wireless

T-Mobile USA Inc. has announced it will acquire regional operator SunCom Wireless Holdings Inc. for about $2.4 billion in cash and assumed debt. The acquisition of the regional cellular carrier and its GSM/GPRS/EDGE network will give T-Mobile a deeper footprint in the Carolinas, Georgia, Tennessee, Puerto Rico and the U.S. Virgin Islands. Much like Verizon […]

PAETEC to Grow Yet Larger Through McLeodUSA Deal

Folks thought something was awry when McLeodUSA Inc.s silent period leading to what wouldve been its second IPO dragged on for months. Then news came today that the privately-owned CLEC is to be bought by PAETEC Holding Corp. in an all-stock merger worth $557 million. The deal, which consists of $492 million in PAETEC common […]

SEC Charges More Ex-Nortel Executives

Four more former Nortel Networks Corp. executives have been charged with accounting fraud. The U.S. Securities and Exchange Commission filed the charges Wednesday against Douglas Hamilton, vice president of finance for optics; Craig Johnson, vice president of finance for wireline; James Kinney, vice president of finance for wireless; and Kenneth Taylor, vice president of finance […]

kajeet Raises $36.8M

Finally, some good news in an MVNO market shaken by failures (Ampd Mobile, most recently) and dire analyst predictions. Tween-focused kajeet, launched six months ago on the Sprint Nextel network, announced today that it has secured $36.8 million in Series B venture capital funding. Draper Fisher Jurvetson Growth Fund (DFJ Growth Fund) led the financing, […]

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