holdings

 

Broadview Buys Into Big Leagues

InfoHighways president and CEO Raul Martynek will be a part of the new Broadview, but at press time, he didnt know what that position would be. The combination of Broadview Networks Holdings Inc. and InfoHighway Communications Corp. forms a $500 million CLEC, putting the company just behind northeast U.S. rivals such as One Communications, which […]

XO Reports Fourth Quarter Growth, Reduces Yearly Losses

XO Holdings Inc. boosted revenue and narrowed losses during the fourth quarter of 2006, mainly due to demand for its data and IP services. The company also improved its yearly losses from 2005. The parent company of XO Communications LLC and Nextlink Wireless Inc. released its latest earnings numbers on March 16 after the stock […]

Jury Says Vonage Infringed on Verizon Patents

A jury found Thursday that Vonage Holdings Corp. infringed on Verizon Communications Inc. patents and ordered the VoIP company to pay $58 million, plus 5.5 percent royalty fees on all of its future revenue.  Verizon had sought $197 million. Verizon sued Vonage last year for infringing on five patents that it said Vonage uses to make its network […]

Vonage to Resell EarthLink Wi-Fi

Vonage Holdings Corp. said Monday that one of its subsidiaries, Vonage Network Inc., has signed a three-year contract with EarthLink Inc. to offer customers Wi-Fi Internet access in selected cities. Vonage will buy Internet access on a wholesale basis from EarthLink in the cities where that company will build, own and operate municipal wireless networks. […]

GT3 Buys New Global Telecom Division

New Global Telecom (NGT) said Monday it has agreed to sell its General Telecom division to GT3 Holdings LLC. General Telecom will become part of GT3 and operate as a standalone entity, unaffiliated with NGT. GT3 will own and operate the General Telecom suite of telecom switch partitioning services. The deal is effective immediately. NGT […]

XO: Selling Not in the Cards

On the same day Level 3 Communications Inc. committed to buying Broadwing Corp., XO Holdings Inc. said it will not sell its wireline division. For now. Industry experts have speculated for several months Level 3 would buy XO Communications. In August, Current Analysis Inc. analyst Brian Washburn told xchange magazine that XO Holdings Chairman and […]

Broadview Networks Completes Acquisition of ATX

Broadview Networks Holdings Inc. on Thursday announced it completed the acquisition of ATX Communications Inc., an integrated communications and managed services provider that serves business customers in the Mid-Atlantic region. On a combined basis, the company has annual trailing revenue of approximately $400 million, driven by offering voice and data communications solutions to SMBs. The […]

XO Revenue Down From 2Q 2005, Up Slightly From 1Q 2006

XO Holdings Inc. this week reported second-quarter 2006 revenue of $354.3 million, down approximately $7.9 million from the same quarter a year ago. The numbers marked an increase of 1 percent from the first quarter of 2006, however. The company also recorded net losses of $36.1 million. That compares to net losses of $29.5 million […]

Sprint Casts Its Lot With WiMAX

Sprint Nextel Corp. CEO Gary Forsee announced this afternoon that the carrier will adopt the 802.16e mobile WiMAX standard as its 4G broadband technology, partnering with Intel Corp., Motorola Inc. and Samsung. Sprint will deploy WiMAX gear to leverage its 2.5GHz spectrum holdings, which covers 85 percent of the top 100 U.S. markets. The plan […]

Broadview Networks to Acquire ATX

Broadview Networks Holdings Inc. on Tuesday announced it will acquire ATX Communications Inc., an integrated communications provider that serves business customers in the Mid-Atlantic region including Delaware, the District of Columbia, Maryland, New Jersey, Pennsylvania and Virginia. Details of the transaction were not released. However, the transaction is expected to close in 90 to 120 […]

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