Alltel Stocks Rise on Acquisition Announcement

Alltel Corp. stocks were up by nearly $5 late Monday morning on news that the company will be bought by two private equity firms for $27.5 billion. The deal marks the largest leveraged buyout of a telecom company. Little Rock, Ark.-based Alltel is the fifth-largest wireless carrier in the United States. It also owns the […]

Carriers Win Big with Triple-Play IP Services

By Michael Khalilian, above, and Farshid Mohammadi The U.S. communications market has changed rapidly in the past few years; DSL and cable broadband connections are becoming ubiquitous, new types of cable and DSL services are proliferating and incumbent carriers are losing market share to carriers that offer VoIP service. To remain competitive in this environment, […]

WNP Worsens Wireless War

Posted: 11/2003 WNP Worsens Wireless War By Josh Long The U.S. wireless industry, where six phone giants spar each quarter to protect their turf and acquire new customers, is poised to get even more cutthroat. Nov. 24 is the day Verizon Wireless, the No. 1 U.S. mobile carrier, and its rivals must start allowing customers […]

New Edge Networks: On the Road to Profitability?

For two years now, New Edge Networks Inc. has avoided handing its employees pink slips and is on pace to reach free cash flow by the end of the first quarter of 2003, said spokesman Sal Cinquegrani. New Edge, a privately held broadband services provider, came to a stark realization in the fall of 2000 […]

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