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PAETEC Buys Allworx on Heels of McLeodUSA Deal

About a month after announcing the acquisition of McLeodUSA Inc., PAETEC Holding Corp. said it also will buy equipment maker Allworx Corp. PAETEC will pay $25 million in cash. Allworx will become a PAETEC subsidiary. SMBs make up a large part of McLeodUSAs customer base. PAETEC is more accustomed to selling to enterprises. By adding […]

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 […]

Skype Reports Outage

Internet phone provider Skype reported Thursday that many of its customers cant log in to the service. The company, which is owned by eBay Inc., said on its Web site that the service should be back up in 12 to 24 hours. The company said its engineering team has determined it is a software problem. […]

Forbearance Frenzy

Forbearance Frenzy When the FCC early last year relieved Verizon Communications Inc. of broadband services regulations, the agency essentially invited a crush of me too forbearance petitions from the LECs. Many of those pleas come up for a vote or time extension this summer. The additional three months is more than likely to be imposed.

Sprint Avoids Litigation With Northern PCS Acquisition

Sprint Nextel Corp. will buy another of its affiliates to end pending legal action. Sprint, the nations third-largest mobile phone company, said on Wednesday it will pay $312.5 million for Northern PCS Services LLC. Sprint also will assume $5.3 million in debt. Northern PCS serves 236,000 customers in parts of Iowa, Minnesota, North Dakota and […]

Changing Gears

Changing Gears The telecom industry has been in transition ever since Alexander Graham Bell first gave us the telephone, said Simon Beresford-Wylie, CEO of Nokia Siemens Networks, in a presentation at this springs CTIA conference. But the last few years [have] been simply breathtaking.

XO Lowers Losses

XO Holdings Inc. reported Thursday that it lowered its net loss by more than 50 percent during the first quarter compared to the same time last year. The companys net loss was $20.6 million during the first quarter. It was $43.7 million in 2006. XO reported its revenue at $348.5 million compared with $349.6 million […]

Vonage Losses Narrow

Troubled VoIP company Vonage Holdings Corp. reported Thursday its net loss narrowed during the first quarter despite an ongoing legal battle with Verizon Communications Inc. The first-quarters net loss was $72 million, or 47 cents per share, compared with a loss of $85 million during the first quarter last year. The company was not publicly […]

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 […]

CommPartners Names New President

CommPartners has named Gregory K. Roeper president. We are very pleased that an industry leader with Gregs experience and record of accomplishment has joined CommPartners as we advance from our start-up phase to scalable and profitable growth, said David S. Clark, CEO and co-founder of CommPartners. Clark said the addition of Roeper will allow him […]

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