funding

 

OnFiber Secures $25 Million in Funding

OnFiber Communications Inc. has executed a $25 million senior secured credit facility with Comerica Bank, and will use the funds to repay existing senior indebtedness, and pay for acquisitions and working capital to support growth. Our customer-focused solutions continue to be very well-received, necessitating we procure capital available for rapid service deployment and additional growth, […]

TIA Creates New Member Class, Elects Motorolas Barth

The Telecommunications Industry Association (TIA) has changed its bylaws to establish a membership class for general service providers and enterprises. It was time to update our member classifications to reflect the changes in our industry and to simplify membership marketing, explains Matthew J. Flanigan, TIA president. We had always included carriers and international manufacturers in […]

Thermo Credit Signs NCIC

Thermo Credit LLC (Booth 222) announced it has entered into an agreement with NCIC Operator Services to provide up to $10 million in receivables funding. In doing so, Thermo Credit has replaced aNCIC Operator Services existing credit facility. Thermo Credit is a receivables funding company specializing in the telecom industry.

sentitO Raises $28.5M

VoIP equipment company sentitO Networks (Booth 811) recently raised $28.5 million in new funding. That includes a $19 million Series C round led by Kodiak Venture Partners and a $9.5 Series D round led by Core Capital Partners. The company, which now has raised total funding of $53.5 million, will use the new money to […]

Phone Plus Prepaid: Proposed Changes to Dial-Around Compensation, Universal Service Funding Could Impact Prepaid Providers

Posted: 3/2003 Proposed Changes to Dial-Around Compensation, Universal Service Funding Could Impact Prepaid Providers By Khali Henderson At the end of 2002, there was movement on two regulatory issues — dial-around compensation and universal service reform — that impact prepaid service providers. Unfortunately, the direction is contrary to prepaid providers’ interests, according to the International […]

Wholesale Channel – PointOne Seeks Buyer in Voluntary Bankruptcy Filing

Posted: 10/2001 Wholesale Channel PointOne Seeks Buyer in Voluntary Bankruptcy Filing By Josh Long PointOne Telecommunications Inc., an Austin, Texas-based provider of voice-over-packet services, filed for Chapter 11 protection in the U.S. Bankruptcy Court in August. The facilities-based provider of wholesale long distance voice services said the voluntary filing would give it the best opportunity […]

Business News – Smarter Telcos Getting Smart Money

Posted: 06/2001 Business News Smarter Telcos Getting Smart Money By Josh Long Despite layoffs, declines in margins, bankruptcies and other morbid news, telecommunications investors are not dormant–at least not when it comes to funding smart carriers that see opportunities in markets below the Tier 1 level.Even as telecom executives winced at the sight of poor […]

Bottom Line: Smart Financing–Understanding The True Cost of Capital

Posted: 04/2000 Smart Financing–Understanding The True Cost of Capital By Steven B. Jaffee Your business plan shows a significant need for cash. Where do you go next to execute your strategy? Before you reach the bargaining table, prepare yourself:Have a well-developed business plan.It may seem obvious, but the quality of your business plan can mean […]

Where the Cash Flows

Posted: 10/1998 Where the Cash Flows Who’s Funding New Investment in Long Haul? By Gary Kim For the past two years, the big story in U.S. carrier investment has been mergers and acquisitions, especially among the larger facilities-based carriers. Since early 1997, at least $278 billion has been spent on these telecom industry mega-mergers. On […]

Digging Around in the Corporate Finance Toolbox

Posted: 01/1998 By Michael H. Wirpel Your ability to find a way to obtain an investment in your company is greater if you know how to design a deal flexibly. You can be more flexible by recognizing the different stages a company goes through and using each stage’s risk factors to tailor a deal. "Digging […]

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