growth

 

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 […]

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, […]

Inc. 500 Lists Tout Telecom Companies

Inc. Magazine revealed its 26th annual list of Americas 500 fastest-growing private companies last week, and the list shows telecommunications as one of the top growth industries. The telecommunications category of companies grew by 1,056.5 percent on average, making it one of the top five most notable median growth categories, preceded by environmental services, food […]

NFL Star Merril Hoge to Deliver Keynote Address at Channel Partners Conference & Expo

Merril Hoge, former NFL player and ESPN analyst, will deliver the keynote address at the Fall Channel Partners Conference & Expo. Hoges address, which is sponsored by AireSpring and Magellan Hill Technologies, is aptly titled Find a Way. In his speech, the athlete shares how he achieved his goals despite many obstacles, such as concussions […]

USCarrier Telecom Announces Executive Appointments

Adding to its senior executive team, USCarrier Telecom LLC promoted Joaquin Luna to CFO and named Greg Frikor as sales director. As CFO, Luna is responsible for the companys strategic planning, direction and operations. From 2002 to 2005, Luna served as USCarriers vice president of finance, guiding the companys restructuring, planning and growth efforts. He […]

MVD Communications Adds Chief Marketing Officer

Cincinnati-based MVD Communications LLC, a full-service provider of converged voice and data network solutions for businesses, has tapped Maureen Harrison-Schaller to fill its newly created chief marketing officer position. Harrison-Schaller will help steer the organizations growth through internal realignment and continued acquisitions, business development, product and brand management, communications, and public relations. Harrison-Schaller has 20 […]

Verizon Reports 4.5% Earnings Growth

Verizon Communications Inc. on Monday reported second-quarter earnings that came in 4.5 percent higher than a year ago. The nations second-largest phone company attributed the increase to growth in its wireless division. Verizon earned $1.68 billion, or 58 cents per share, up from $1.61 billion, or 55 cents per share, in the second quarter of […]

AT&T Reports 61% Growth in Profits

AT&T Inc. reported a 61 percent surge in profits during the second quarter of 2007, thanks to the BellSouth Corp. acquisition and an exclusive deal on Apples iPhone. The nations largest local phone company said Tuesday its net income totaled $2.9 billion, or 47 cents a share, up from $1.8 billion, or 46 cents, a […]

Endeavor to Double Sales Force

Endeavor Telecom said Monday it plans to double the size of its outside sales and account management team over the coming months. The company said fast growth and expanding market opportunities have created the need to add to its staff. Over the past five years, we have developed a highly scalable service delivery operation capable […]

Alcatel-Lucent Net Drops

Alcatel-Lucent posted a net loss 8 million euros, or $10.8 million, during the first quarter mostly because of the companys $11 billion dollar merger. The French-American equipment maker reported first quarter net income of 199 euros ($268 million), or 9 cents per European share, compared with 306 million euros, or 13 cents per share, during […]

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