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Qwest Names Edward Mueller CEO

Qwest Communications International Inc. has chosen Edward Mueller as successor to CEO Dick Notebaert and, due to a dearth of internal candidates, the appointee does not come from the Bell company. The carriers board on Friday named Mueller, 60, CEO after examining internal and external candidates globally. Notebaert on June 8 said he would retire after five years […]

TAG Members Get Access to Samsung BCS Products

Technology Assurance Group (TAG) has announced an agreement with Samsung Business Communication Systems (BCS) that will make it easier for its members to source Samsung BCS products. Some of the products TAG members will have access to are the OfficeServ 7400 converged VoIP platform and the wireless and wireline solutions it supports. TAG is a […]

Vonage Manages to Staunch the Bleeding

Vonage Holdings Corp. isnt out of the woods yet, but its outlook seems to be improving. The embattled VoIP services provider on Wednesday said it slashed its second-quarter losses by 54 percent, mainly by cutting down on marketing expenses. Vonage lowered its net loss to $33.3 million, or 22 cents per share, in the three […]

NEC Buys Sphere for $42 Million

NEC Corp. has bought unified communications provider Sphere Communications Inc. for $42 million. NEC has its own unified communications division but wanted Sphere for its promising growth and its technology for building new service-oriented software the next evolution in unified communications. Sphere will keep its headquarters in Lincolnshire, Ill. It will be part of NECs […]

Fishing for Finance

Fishing for Finance After some slow years, private money again is fueling the communications sector. Its a breeze for the big-name companies to score funding, yet not so simple for lesser-known providers or resellers. Plus, if you dont want more than $10 million, major investment banks and venture capitalists wont even look at you. So […]

Sprint Profits Drop to 1 Cent Per Share

Sprint Nextel Corp. reported a drop in second-quarter profits on Wednesday due to its WiMAX initiative and takeover expenses. The wireless provider said it earned $19 million during the three months that ended June 30, or 1 cent per share, compared with $370 million, or 10 cents per share, during the same period a year […]

Newegg.com Launches Wireless Services, Adds AT&T as Dealer

Newegg.com has launched cellular phone and wireless services and has announced AT&T Inc. as an authorized dealer. Newegg has 6 million registered customers. It is an online e-commerce company that has created a channel for manufacturers of computer hardware and software, consumer electronics and communications products. “This new division brings what will be the best […]

Inter-Tel Shareholders Approve Mitel Merger

Inter-Tel Inc. stockholders on Thursday approved the $723 million merger with Mitel Networks Corp. The company said early results indicate that 60 percent of its outstanding shares voted in favor of the transaction. We are pleased that Inter-Tel stockholders agreed with us that the Mitel merger represents the greatest value currently available to Inter-Tel stockholders […]

Brightpoint Completes Acquisition of Dangaard

Brightpoint Inc. said it completed its acquisition of Denmark-based Dangaard Telecom this week. Brightpoint issued 30 million shares with a value of with a value of $384.9 million of its stock and $100,000 for exchange of all shares of Dangaard. It also assumed $350 million of Dangaards debt. Brightpoint said the combined entity would have […]

Nortel Posts $37 Million Loss

Nortel Networks posted a second-quarter loss on Thursday. The company reported a $37 million loss, or 7 cents a share, compared with a net income of $342 million, or 79 cents a share a year earlier. That number was inflated by a $510 million legal settlement. Nortel said the net loss in the second quarter […]

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