Qwest Reports Smaller Losses, Announces Shareholder Settlement

Qwest Communications International Inc. narrowed its losses in the third quarter of 2005, reporting a small increase in revenue at $3.5 billion, compared to $3.45 billion a year earlier. Its operating expenses totaled $3.3 billion, a decline of 9 percent, or $326 million, compared to the third quarter of 2004. Overall losses came to $144 […]

OSS, Billing Puts the Muscle Behind Successful Offerings

It may not be as exciting as ordering pizza with your television remote, but the back office and billing keep the communications market humming along much more effectively than a cheese with pepperoni ever could. OSS is the personal assistant to the diva, the blue-collar car factory worker behind the white collar advertising machine. Todays […]

IDT Gets $44 Million from Settlement

IDT Corp. says it will receive $44 million from Spain-based Telefonica S.A. now that the two companies have settled a lawsuit. IDT, a CLEC, in January 2001 filed a complaint against Telefonica and its Terra Networks division because Telefonica had gone back on a contract to operate jointly its Internet services in the United States. […]

Global Crossing Says SEC Concludes Probe

Global Crossing Ltd., the network services operator, on Monday announced that the Securities and Exchange Commission has concluded an investigation into business practices at the company without assessing a fine or making a finding of fraud. An SEC order found that Global Crossing did not comply with certain reporting obligations under securities laws, Global Crossing […]

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 […]

Oh, What a Tangled Web We Weave

Nowadays you can take your phone to pretty much any city and it will work seamlessly, thanks to the beauty of roaming agreements. The term ‘roaming’ describes a mobile customer’s ability to use his or her mobile telephone outside the service area of the operator with which the customer established mobile service, so the user […]

BCI, ACI Form Settlement Service

Billing Concepts Inc. (BCI, Booth 612) and ACI Billing Services Inc. (ACI, Booth 612) have joined forces to create the largest clearinghouse in the United States, say the companies. Billing Services Group LLC, the new holding company of BCI and ACI, will bill and settle at least $1 billion annually and is the newest addition […]

Carrier Channel: Carriers Agree to Settlement in Rights-of-Way Land Disputes

Posted: 9/2003 Carriers Agree to Settlement in Rights-of-Way Land Disputes By Josh Long A judge has granted preliminary approval of a settlement agreement in a class-action lawsuit charging four telecommunications carriers with laying fiber cables on rights of way controlled by railroads without getting the permission of the adjacent landowners. Up to 360,000 plaintiffs are […]

Qwest Settlement Agreement with Arizona Regulator Expected in Fall

The Arizona Corporation Commission is expected to vote sometime in the fall whether to approve a $20 million settlement agreement resolving allegations that Qwest Communications International Inc. cut secret agreements with rivals and failed to implement new wholesale phone rates. Qwest reached a proposed agreement with the state utility regulator late last month. A conference […]

Wall Street to Reform Analyst Conflicts

Aiming to close one of the darkest chapters in the history of Wall Street, federal and state regulators announced a $1.4 billion settlement agreement Friday with the largest brokerage firms to penalize them for bogus ratings and separate future research from investment banking opportunities. The agreement has not been finalized and requires the approval of […]

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