reported

 

EarthLink will not Further Fund Helio

Glitz-and-glamour MVNO Helio LLC will receive up to $270 million in fresh capital from parent company SK Telecom, it was reported today. But the Korean giant will fly solo; Helios other parent, EarthLink Inc., which previously reported Helio as a drag on its finances, has no plans to further fund its MVNO offspring, it said. […]

Nokia Issues Warning About Bad Batteries

Nokia said Tuesday that millions of its cell phone batteries could potentially overheat. The warning applies to Nokia-branded BL-5C batteries manufactured by Japans Matsushita Battery Industrial Co. Ltd. between December 2005 and November 2006. Matsushita is one of several companies that produce more than 300 million BL-5C batteries. Nokia said 46 million batteries are included […]

Alcatel-Lucent Net Drops

Alcatel-Lucent posted a net loss 8 million euros, or $10.8 million, during the first quarter mostly because of the companys $11 billion dollar merger. The French-American equipment maker reported first quarter net income of 199 euros ($268 million), or 9 cents per European share, compared with 306 million euros, or 13 cents per share, during […]

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 […]

Time Warner Telecom Increases Revenue, Lowers Losses

Colorado-based Time Warner Telecom Inc. this week reported $238.8 million in fourth-quarter 2006 revenue, which contributed to the years overall total of $812.4 million. Quarterly revenue rose 29 percent over the same period in 2005, from $184.5 million to $238.8 million. The company credited the growth, in part, to a 33 percent increase in data […]

Trinsic Loses $6.9 Million in Revenue During Second Quarter

Trinsic Inc., the former Z-Tel Technologies Inc. that has relied heavily on UNE deals to provide its services, reported a $6.9 million drop in revenue for the second quarter of 2006. The CLEC also suffered a net loss of $2.8 million, or 15 cents per share, compared with a net loss of $3.3 million, or […]

BellSouth Net Income Up 11.6 Percent

One business day after securing enough shareholder votes to approve a merger with AT&T Inc., BellSouth Corp. on Monday released its second-quarter 2006 earnings, showing net income growth of 11.6 percent, from $795 million to $887 million, over the year-ago quarter. The company reported an increase in earnings-per-share from 43 cents to 49 cents, or […]

Verizon Profits Fall, Sales Increase

Merger costs lowered Verizon Communications Inc.s profit during the first quarter of 2006, the company reported on Tuesday, but wireless sales boosted its sales numbers. Verizons acquisition of long-distance carrier MCI Inc. in January contributed to the RBOCs 7.1 percent earnings loss from the first quarter of 2005. First quarter 2006 earnings totaled $1.63 billion, […]

Covad Improves Losses

Covad Communications Group Inc. on Thursday reported a first quarter 2006 net loss of $9.3 million, or 3 cents per share, up from the companys net loss of $26.8 million a year previously. The results also are an improvement from the $17.9 million net loss, or 7 cents per share, the company recorded for the […]

WSJ: Treasury Department Might Cut Phone Excise Tax

The Wall Street Journal reported on Friday the U.S. Treasury Department is developing a plan to discontinue a 3 percent federal excise tax on long-distance and wireless telephone calls. The paper also said the government is considering refunding billions of dollars to consumers and businesses that have paid the tax. “Government officials are holding closely […]

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