reported

 

WSJ: Former WorldCom Board Members Reach Settlement Agreement

Eleven former board members of WorldCom Inc. agreed to personally pay $20.2 million to settle a lawsuit related to the telecommunications carriers accounting fraud, the Wall Street Journal reported Monday. The agreement is among the settlements reached in a class-action lawsuit headed up by New York State Comptroller Alan Hevesi, the newspaper reported. Under the […]

Jury Declares Ebbers Guilty

A federal jury today found Bernard Ebbers, WorldCom Inc.s former chief executive, guilty of fraud, conspiracy and filing false documents with regulators. Reuters reported he faces up to 85 years in prison; sentencing is scheduled for June 13. The 63-year-old Ebbers plans to appeal, Reuters said. Ebbers epitomized the rise and fall of the telecommunications […]

Regulators Clear Verizon Wireless Purchase of NextWave Licenses

The FCC has approved Verizon Wireless $3 billion agreement to acquire licenses in 23 markets from NextWave Telecom Inc., according to national media reports. Verizon Wireless, the second largest U.S. wireless carrier, is acquiring licenses in such big cities as Boston, Los Angeles, New York and Washington, D.C., as well as smaller markets, including Portland, […]

Carrier Channel: SEC: WorldCom Execs Concealed Glut, Investigators Say

Posted: 7/2003 WorldCom Execs Concealed Glut, Investigators Say By Josh Long WorldComs Bernie Ebbers It is a familiar story. In 2000, ailing carriers sought to topple their rivals by undercutting them on price because most of the worlds network capacity was underutilized. WorldCom Inc. was not immune to the pressure: Line costs, which represented about […]

RESELLER CHANNEL: News Briefs

Posted: 10/2002 News Briefs * In early August, BellSouth filed a motion in the U.S. District Court for the Northern District of Georgia seeking a restraining order and injunction against UNE-P reseller Access Integrated Networks Inc., a competitive carrier serving small business customers in the Southeast. BellSouth alleges AIN has repeatedly misrepresented its affiliation with […]

The Letter: And the Winner Is

Posted: 09/2002 And the Winner Is AS WE HEAD INTO THE CAMPAIGN SEASON, it seems appropriate to talk about winners and losers. Only, it’s not tight races for Senate and House seats that weigh on our minds, it’s the contest for the embattled telecom market. WorldCom’s July bankruptcy filing signaled a new, more desperate phase […]

Wholesale: Verizon Axes NorthPoint Merger

Posted: 01/2001 Verizon Axes NorthPoint Merger By Josh Long Verizon Communications hoped to conceive a broadband giant after announcing plans last summer to merge its DSL assets with NorthPoint Communications, Inc., in 2001. The deal could have propelled NorthPoint (www.northpoint.com) into profitability as the new broadband company was expected to begin operations with 600,000 DSL […]

Wholesale: DSL Provider Stays Course

Posted: 10/2000 DSL Provider Stays Course By Khali Henderson and Ken Branson Following the merger of its wholesale DSL business with that of megacarrier Verizon Communications (www.verizon.com), NorthPoint Communications Group Inc. (www.northpoint.net) expects to bolster its carrier’s carrier strategy by doubling the coverage and resources for improved support services. The companies expect the deal to […]

Trading Post

Q: What is the Purpose of a Pricing Index? A: The concept is not new; indices are used as pricing mechanisms in stock and commodity markets. The ability to buy or sell bandwidth based on an index price is an alternative to the standard “fixed price”bids or offers.Q: What is an index?A: An index is […]

PHONE+ Goes Prepaid

Posted: 03/2000 Overheard … … at a January luncheon at the National Press Club in Washington … "My lawyers tell me that the most important question that regulators have to ask when reviewing our merger [with Sprint Corp.] or any merger is whether the merged company can raise and sustain a 5 percent price increase […]

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