fund

 

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. […]

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, […]

IPtimize to Acquire WTI

Denver-based IPtimize Inc. plans to buy CLEC WTI LLC in a move it expects will boost revenue and subscriber counts. Terms of the deal were not disclosed, even though IPtimize is a publicly traded company. However, it trades on the Pink Sheets market, a system comprised of companies that dont have to meet any listings […]

Federal Lawmakers Introduce USF Reform Act

Congressional Reps. Rick Boucher, D-Va., and Lee Terry, R-Neb., have introduced a bill to reform the Universal Service Fund (USF). Boucher and Terry on Thursday released the text of their bill, the Universal Service Reform Act of 2007. They are members of the House Energy and Commerce Committee, which oversees telecom. The bill proposes to […]

Dialogic Forms Partner Program

Dialogic Corp. announced its new partner program at the Internet Telephony Conference and Expo. The Dialogic Partner Program is designed to help customers capture revenue opportunities, shorten time-to-market and expand within market segments, the company said. The program will provide companies with opportunities to manage their marketing efforts more effectively, build brand awareness, align their […]

FCC Revamps USF Contribution Base to Include VoIP

As expected, the FCC on Wednesday changed the way it gathers contributions to the Universal Service Fund (USF). Interconnected VoIP providers now must contribute and wireless providers will pay more. The FCC with a full complement of commissioners after more than a year was under pressure to add contributors to the USF requirements because, in […]

Stevens Asks NARUC Members to Rethink Intercarrier Comp Reform Strategy

Sen. Ted Stevens, R-Alaska, today outlined the topics he hopes to address in a likely rewrite of the Telecommunications Act of 1996, and called on National Association of Regulatory Utility (NARUC) members to reconsider their proposals for reform of intercarrier compensation rules. Stevens chairman of the Senate Commerce Committee, which is spearheading a telecom rewrite […]

DeMint Introduces Digital Age Communications Act

In another of a series of Capitol Hill attempts to rewrite the Telecommunications Act of 1996, Sen. Jim DeMint (R-S.C.), a member of the Senate Commerce, Science and Transportation Committee, yesterday introduced the Digital Age Communications Act of 2005 (DACA). The bill proposes market-oriented, competition-based telecom and communications reform. One Washington, D.C.-based analyst noted the legislation […]

Coalition: Americans Opposed to USF Changes

The nonprofit Keep USF Fair Coalition said today Americans have sent more than half a million e-mails and letters to Washington officials, expressing opposition to proposed Universal Service Fund (USF) changes that would impose $1-$2 more per month on consumers, regardless of how much they use their landlines. Radical changes in the telecom world, brought […]

Panelists Debate Role and the Future of USF

Panelists for the Wiley, Rein & Fielding LLC law and regulation series grappled over the issues surrounding the Universal Service Fund (USF) on Monday in a session Universal Service – Should the System Be Scrapped or Can it Be Fixed? that prompted debate and, ultimately, consensus that the matter is so complex the details will […]

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