Resale Channel: Resale’s Future Told

Posted: 09/1999 Resale’s Future Told By Dr. Judy Reed Smith and Wona Park The changing complexion of the market is making it harder and harder for resellers to know which way to turn. Mergers and marriages between providers are a daily occurrence. The bandwidth meter is wavering from too much one day to not enough […]

Business News – Lucent Partners with New England Voice & Data for Network Expansion

Posted: 09/1999 Lucent Partners with New England Voice & Data for Network Expansion In a move that will expand the network of Marlboro, Mass.-based New England Voice & Data, Murray Hill, N.J.-based Lucent Technologies Inc. has been awarded a $30 million, three-year contract to provide the infrastructure for a state-of-the-art voice and data network buildout. […]

Business News – TFC Acquires RFC Capital

Posted: 09/1999 TFC Acquires RFC Capital Providence, R.I.-based Textron Financial Corp. (TFC), a subsidiary of Textron Inc., has acquired Columbus, Ohio-based RFC Capital Corp., a finance company serving commercial customers in the telecommunications industry. RFC Capital, which has receivables of $70 million, now is a division within TFC’s Revolving Credit Group. The companies did not […]

Business News – Tellabs To Acquire Netcore Systems

Posted: 09/1999 Tellabs To Acquire Netcore Systems Lisle, Ill.-based Tellabs and Wilmington, Mass.-based NetCore Systems Inc. have announced an agreement for Tellabs to acquire NetCore in an all-stock deal valued at about $575 million. NetCore is a developer of carrier-class Internet protocol (IP) routing and asynchronous transfer mode (ATM) switching solutions. Tellabs’ acquisition of the […]

Business News – Network One, MicroCorp Ink $65 Million Distribution Deal

Posted: 08/1999 Network One, MicroCorp Ink $65 Million Distribution Deal In one of the largest contracts signed between a facilities-based carrier and an independent agency, Atlanta-based MicroCorp Inc. has agreed to sell $65 million of Atlanta-based Network One’s services over five years to small and mid-sized businesses in the carrier’s service area, which includes 22 […]

Business News – McLeodUSA Expands Territory

Posted: 08/1999 McLeodUSA Expands Territory McLeodUSA Inc., Cedar Rapids, Iowa, has agreed to acquire Access Communications Inc. and SJ Investments Inc., both of Salt Lake City, which operate as Access Long Distance. Under the terms of the agreement, McLeod will pay approximately 1.9 million shares of 144(a) unregistered McLeodUSA stock and about $50 million in […]

Business News – CapRock, Hyperion Sign IRU, Broadband Initiative Launched

Posted: 08/1999 CapRock, Hyperion Sign IRU, Broadband Initiative Launched CapRock Communications Corp., Dallas, has signed an indefeasible right of use (IRU) agreement with Hyperion Communications, a Coudersport, Pa.-based competitive local exchange carrier (CLEC). The IRU grants Hyperion a long-term license to about 1,650 route miles of long-haul fiber that will pass through more than seven […]

Business News – WorldPort Taps C&W Chief as CEO

Posted: 07/1999 WorldPort Taps C&W Chief as CEO In yet another high-profile move, emerging carrier Worldport Communications Inc., Atlanta, is solidifying its position in the international telecommunications market with the appointment of Carl J. Grivner as its president and CEO. Grivner is the former chief executive, Western Hemisphere, including the United States, for Cable and […]

Former Agent Sues Qwest for $23 Million

Posted: 07/1999 Former Agent Sues Qwest for $23 Million By Ken Branson NCN Inc., Chattanooga, Tenn., a former agent of Qwest Communications International Inc., Denver, is suing Qwest for allegedly misleading its management, failing to pay commissions due NCN and breach of contract. NCN is asking for $23 million in compensatory and punitive damages. A […]

Business News – News Briefs

Posted: 06/1999 News Briefs Sprint Acquires Broadband Wireless Company Bringing wireless access to its Integrated On-demand Network (ION), Sprint has entered a definitive merger agreement with People’s Choice TV (PCTV), Shelton, Conn. PCTV has licenses to provide wireless broadband services in Chicago; Detroit; Indianapolis; Houston; Phoenix; St. Louis; Milwaukee; Salt Lake City; Tucson, Ariz.; and […]

The ID is: 68167