friday

 

Sprint Stocks Down on Board, CEO Rumors

Sprint shares were down 27 cents during mid-day trading on Friday amid industry rumors that a stockholder wants to sit on the companys board and that CEO Gary Forsee could be on his way out. Relational Investors LLC owns about 1.9 percent of Sprints shares and has stated its concern this week about Sprints management […]

Integra Closes Eschelon Acquisition

Integra Telecom Inc. said Friday it completed its $566 million purchase of Eschelon Telecom Inc. Eschelon is now a wholly owned company of Integra, which paid $30 per share for the company. The deal was announced in March. Integra said the combined company is one of the largest CLECs in the country and would have […]

AT&T to Buy Dobson

AT&T Inc. said Friday it will acquire Dobson Communications Corp. for approximately $2.8 billion in cash. The RBOC said it wants to get more market share among rural wireless subscribers Dobson operates under the Cellular One brand and has provided roaming service to AT&T since 1990. It has 1.7 million subscribers. The company will be […]

Update: Vonage Gets Stay, Can Add Customers

A federal appeals court late Friday put a stay on an injunction that, hours earlier, blocked Vonage Holdings Corp. from adding new customers. A jury recently found that Vonage infringed on three key VoIP patents held by Verizon Communications Inc. and federal district judge Claude Hilton on the morning of April 6 punished Vonage by […]

Hostopia to Close IPO Friday

Hostopia.com Inc., the wholesale Web hosting provider that announced in July it was going public, will close its IPO on Friday, and looks to generate less from the offering than it had hoped. In its final prospectus with U.S. and Canadian government agencies this week, Hostopia said it expected to net approximately $19.1 million, in […]

Cavalier to Buy Talk America for $251 Million

Privately held provider Cavalier Telephone & TV said on Friday it is buying publicly traded Talk America Inc. for $251 million, or $8.10 per share. There was no word whether Cavalier would remain private or go public à la PAETECs transaction with US LEC. The deal is slated to close in December. Talk America shareholders […]

IDT Completes Net2Phone Acquisition

IDT Corp.s shares were down 11 cents at $10.90 Tuesday mid-morning after the company announced its subsidiary, NTOP Acquisition Inc., has merged with Net2Phone Inc. The $28 million deal, announced in February, makes Net2Phone, a VoIP enabler for service providers, a wholly owned subsidiary of IDT, as well as a private company. Net2Phone used to […]

Arizona Corporation Commission Approves SBC-AT&T Merger

The Arizona Corporation Commission on Friday approved the merger of SBC Communications Inc. and AT&T Corp. The step completes regulatory reviews in 35 of 36 states with clearance processes. The merger is expected to close later this year.

FCC Delays Vote on Megamergers until Monday

Unable to clinch full consensus for two looming megamergers, FCC Chairman Kevin Martin on Friday kept having to delay the scheduled monthly meeting as he negotiated with commissioners regarding the combinations of SBC Communications Inc. and AT&T Corp., and Verizon Communications Inc. and MCI Inc. The FCC finally postponed the meeting until Monday, saying only […]

Sprint, Nextel to Close Merger on Friday

Sprint Corp. and Nextel Communications Inc. said today they will close their proposed merger on Friday. The companies have received all regulatory and shareholder approvals for the $35 billion deal. The combined company, called Sprint Nextel, will start trading on the New York Stock Exchange on Monday, Aug. 15, under the ticker symbol S.

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