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Virgo Publishing Acquires Certain Assets of Pulvermedia

Virgo Publishing, a business-to-business information services company, announced it has acquired certain media assets formerly owned by Pulvermedia through a foreclosure by Pulvermedia’s secured creditor.   With the assets – primarily databases and trademarks ─ Virgo Publishing plans to launch new industry-leading products as part of its Telecom Division. “Virgo Publishing has a substantial presence in […]

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. […]

PAETEC Buys Allworx on Heels of McLeodUSA Deal

About a month after announcing the acquisition of McLeodUSA Inc., PAETEC Holding Corp. said it also will buy equipment maker Allworx Corp. PAETEC will pay $25 million in cash. Allworx will become a PAETEC subsidiary. SMBs make up a large part of McLeodUSAs customer base. PAETEC is more accustomed to selling to enterprises. By adding […]

Virgin Mobile Holds Steady on the NYSE

Virgin Mobile USA Inc. were trading slightly above the target opening price of $15 per share on Friday, a day after the MVNO went public on the New York Stock Exchange. That share price was a little lower than the expected $15-$17 range. Virgin Mobile offered 27.5 million shares of Class A common stock; investors […]

FCC Gives AT&T Partial Forbearance Relief

The FCC late Thursday night partially granted AT&T Inc.s petition for forbearance from rules governing its commercial broadband services. Perhaps of greatest concern to CLECs is that AT&T can price its commercial broadband services as it sees fit and not share those rates with providers using its networks. The FCC issued a statement just minutes […]

Vonage Wants Review of Verizon Decision

Vonage Holdings Corp. said Wednesday it has filed a motion seeking a review of a U.S. appeals courts decision on a patent dispute with Verizon Communications Inc. The court upheld on Sept. 26 a verdict that Vonage infringed on two Verizon patents. It also remanded the verdict on a third patent and ordered a review […]

Nacchio Appeals Insider Trading Conviciton

Former Qwest Communications International Inc. CEO Joseph Nacchios legal team is seeking to overturn his conviction for insider trading. Nacchios attorney, Maureen Mahoney, filed a 58-page brief with a federal appeals court Tuesday saying there was insufficient evidence for a conviction. She also said the judge gave improper jury instructions and excluded important defense testimony […]

AT&T Buys 700MHz Spectrum, Nails in the Coffin for Mobile TV

AT&T Inc. has agreed to buy 12MHz of wireless spectrum in the 700MHz band from Aloha Partners LP for $2.5 billion, which may signal Alohas exit from the wireless space. Aloha is the largest holder of 700MHz spectrum to date, covering 196 million U.S. residents in 72 of the top 100 markets in the U.S. […]

XO Eyes Greater Enterprise Roll

XO Communications announced new initiatives this week to expand its presence in the enterprise market, including a new enterprise sales and support organization, an enhanced network, recently expanded IP service offerings and targeted guarantees. The new Enterprise Solutions Group (ESG) is focused on delivering products to help enterprises gain efficiencies and improve performance of their […]

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 […]

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