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Level 3 Stocks Drop on CFO News

Level 3 Communications Inc. shares fell nearly 9 percent by early afternoon on news that the company is looking for a new CFO. Level 3s stock was trading for $4.47, down 8.78 percent from the opening price of $4.75. CEO James Crowe said CFO Sunit Patel will remain with Level 3 during the transition period. […]

AT&T Wireless CEO Retiring

The president and CEO of AT&Ts wireless division, Stan Sigman, said Thursday he is retiring after 42 years with the company. He will be replaced by Ralph de la Vega, a former COO of the wireless unit, effective immediately. Sigman will stay with the company through the end of the year to ensure a smooth […]

Emulex Launches Reseller Program

Emulex Corp., which creates enterprise-class products that connect storage, servers and networks, has announced its new reseller program designed to deliver customized programs to its channel partners. The new Emulex Reseller Program also enables Emulex to expand its network of server and storage integrators, VARs and channel consultants that recommend and deploy storage area network […]

Thermo Credit Hires New VP of Sales

Thermo Credit LLC (Booth 312), a funding company focused exclusively on the telecommunications industry, hired Phil Pedone as vice president of sales. Pedone has 25 years of sales experience with more than seven in the telecom industry. His considerable experience will bring a new level of expertise and service to Thermo Credits high standard of […]

Citynet Makes the Connection With OSG Billing Services

OSG Billing Services (Booth 314) announced an agreement to manage invoice presentment and distribution services for Citynet, an integrated communications provider. Citynet provides telecommunication services to wholesale and retail customers in Tier 2 and Tier 3 markets in Indiana, Ohio, Pennsylvania and West Virginia, as well as wholesale carrier-grade connectivity to 17 other states in […]

TeliaSonera Looks to the Future

TeliaSonera International Carrier (Booth 828) is focusing on providing one IP distribution network for customers. Thats the future of telecom, according to the company, and it will change all existing business models. The wholesaler says the global Internet will be the new distribution channel for all future media and content. To that end, TeliaSonera is […]

GlobalTouch Taps Endeavor for VoIP Field Installation Service

Endeavor Telecom Inc. (Booth 726) announced that GlobalTouch Telecom Inc. (Booth 708), a provider of proprietary, vertically integrated hosted VoIP platforms, has selected it to provide field installation services as a part of the companys end-to-end packaged service offering. GlobalTouch Telecom said its carrier, service provider and cable customers (MSO) now can purchase turnkey hosted […]

Forsee Out as Sprint CEO

Gary Forsee, chairman and CEO of Sprint, resigned on Monday. The news came about a week after several media outlets cited anonymous sources who said the move was imminent. Forsee has come under fire from board members for Sprints ailing financials. Indeed, Sprint lowered its financial forecast for the current quarter, saying revenue would fall […]

COMPTEL Members Elect 2007-2008 Board

COMPTEL members today elected their 2007-2008 Board of Directors at the annual membership meeting. Sixteen members were elected overall: five in Large Member (companies with annual revenue more than $300 million), six in Medium Member (annual revenue of $25 million to $300 million), and five in Small Member (annual revenue of under $25 million). New […]

Switch and Data Expands Its Dallas Footprint

Switch and Data, a provider of Internet exchange and colocation services, secured new space to expand one of its three data centers in Dallas. The company’s now larger INFOMART location offers expanded capacity to satisfy demand in the market. Switch and Datas footprint in the Dallas metro area reaches 65,000 square feet of space, allowing […]

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