Round Table

Posted: 8/2003 … ON GLOBAL CROSSING’S PROPOSAL TO SELL A MAJORITY STAKE IN THE BANKRUPT FIRM TO SINGAPORE TECHNOLOGIES TELEMEDIA PTE. "Global Crossing’s prolonged bankruptcy and dwindling cash reserves are expected to result in continued erosion of its customer base unless an alternative offer is put in place." –Brian Oliver, executive vice president of strategy […]

Qwest’s Earnings: Employee Raises Depend on It

Qwest Communications International Inc. employees have plenty of incentive to help their company meet earnings projections: their raises depend on it. A tentative contract agreement the Communications Workers of America reached last week with Qwest stipulates that union workers will receive a 1 percent to 3 percent raise next year and in 2005 if the […]

Tangoe Raises $3 Million in Equity Round

Tangoe, a company providing enterprises software to manage their communications needs, announced Thursday raising $3 million in equity financing. Edison Venture Fund led the second financing round followed by Series A investors. “Tangoe has demonstrated that its software dramatically reduces an enterprise’s voice and data spend through automation and we are confident that its strong […]

Wholesale Channel – Dominion Raises $516 Million for Fiber Network

Posted: 06/2001 Wholesale Channel Dominion Raises $516 Million for Fiber Network Energy giant Dominion has created a joint venture and raised $516 million in financing to bolster fiber optic network development through private investment. The funding will help Dominion Telecom, a former wholly owned subsidiary of Richmond, Va.-based Dominion, expand its fiber optic network. The […]

Business News – CityNet Raises $275 Million to Build Last Mile

Posted: 06/2001 Business News CityNet Raises $275 Million to Build Last Mile By Josh Long CityNet Telecommunications Inc. (www.citynettelecom.com) raised in April $275 million in equity and debt financing to fund its last-mile broadband network rings in first- and second-tier markets.The investments allow the Maryland-based wholesaler to develop rings in the cities where it has […]

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