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Cisco Net Profits Rise 34%

Cisco Systems Inc. posted a 34 percent rise in net profit for its fiscal third quarter, which ended April 28. The company said businesses and phone companies bought more equipment to accommodate increasing Internet traffic. Cisco said its net income rose to $1.9 billion, or 30 cents per share, from $1.4 billion, or 22 cents […]

Time Warner Telecom Closes Gap on Quarterly Losses

Colorado-based Time Warner Telecom Inc. improved its losses during the first quarter of 2007, the second straight quarter it has reported earnings since buying Xspedius Communications. The CLEC on Wednesday posted a net loss of $13.8 million, or 10 cents per share, as compared to a loss of $22.3 million, or 19 cents per share, […]

Qwest 1Q Income Nearly Triples

Qwest Communications International Inc. nearly tripled its net income in the first quarter, thanks to continued adoption of its bundled services, relaxed regulation and cuts in areas including retiree benefits. The nations third-largest local phone company reported net income of $240 million, or 12 cents per share, over $88 million, or 5 cents per share, […]

News Briefs

Telecom industry veteran Howard Janzen is taking over as CEO of One Communications. Janzen replaces Thomas Casey, who served as CEO after CTC Communications and Choice One Communications merged last year. Janzen also will sit on the board of directors. He most recently was president of Sprint Business Solutions, where he oversaw Sprints worldwide business […]

Federal Lawmakers Introduce USF Reform Act

Congressional Reps. Rick Boucher, D-Va., and Lee Terry, R-Neb., have introduced a bill to reform the Universal Service Fund (USF). Boucher and Terry on Thursday released the text of their bill, the Universal Service Reform Act of 2007. They are members of the House Energy and Commerce Committee, which oversees telecom. The bill proposes to […]

Merger Doubles AT&T Profits

AT&T Inc. doubled its profit in the first quarter of 2007 thanks to revenue gained from the merger with BellSouth Corp. late last year. The integration of Cingular Wireless LLC also contributed to the companys reported net income of $2.85 billion, or 45 cents a share. That was up from $1.45 billion, or 37 cents […]

Cisco, Microsoft Go After Carrier-Delivered UC

The battle of the enterprise giants continues as both Microsoft Corp. and Cisco Systems Inc. announced plans to go after the unified communications space by partnering with carriers. Both companies have made UC a top priority, announcing extensive new portfolios last year in support of that strategy. But what has so far been an enterprise-IT-focused […]

McLeodUSA Again Files for IPO

McLeodUSA Inc. plans to once again go public. The CLEC on March 22 filed to sell stock worth up to $172.5 million. The company deregistered from the Nasdaq about a year ago, after its second bankruptcy. Now it proposes to trade on the Nasdaq Global Market under the new ticker symbol MUSA. The previous symbol […]

XO Reports Fourth Quarter Growth, Reduces Yearly Losses

XO Holdings Inc. boosted revenue and narrowed losses during the fourth quarter of 2006, mainly due to demand for its data and IP services. The company also improved its yearly losses from 2005. The parent company of XO Communications LLC and Nextlink Wireless Inc. released its latest earnings numbers on March 16 after the stock […]

World Telecom Groups Annual Tee & Sea to Take Place May 17-18 in Malibu

World Telecom Group (WTG, Booth 301) will be whooping it up with agents again this spring for the fifth year in a row. The master agencys annual Tee & Sea event replete with food, recreation and relaxed networking will take place May 17-18 in Malibu, Calif. Agents will get to choose among three daytime activities: […]

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