Pannaway acquiring TelStrat access division
By: By Tim McElligott
Pannaway Technologies took a big step today in its efforts to grow the company and its market share in the access market by announcing it would acquire the Access division of TelStrat International through a cash and stock transaction...
New Qwest CEO vows to stay course, be nimble
By: By Ed Gubbins
On a conference call this morning, Qwest Communications’ new chief executive officer Edward Mueller didn’t give anyone much reason to expect radical changes at Qwest any time soon...
Qwest names new CEO
By: By Ed Gubbins
Qwest Communications has named Edward Mueller its new chief executive officer, replacing Richard Notebaert, who retires on Wednesday...
IP services brighten XO Holdings’ Q2 picture
By: By Mark Donahue
Despite positive gains for its IP services, XO Holdings posted a slightly higher net loss for the second-quarter this week and saw a dip in revenue over the same period...
Global Crossing gets mixed results in Q2
By: By Mark Donahue
Global Crossing reported second-quarter results today that saw the service provider suffer a net loss despite higher revenues...
Calix quietly raises $75M
By: By Ed Gubbins
Calix sold nearly $75 million in preferred stock this summer without publicly announcing the transaction, dampening speculation that the equipment vendor might go public any time soon...
Sycamore discontinues another Eastern Research product
By: By Ed Gubbins
Sycamore Networks decided late last month to discontinue marketing or developing the BSG line of products it obtained through its acquisition of Eastern Research last year...
Nortel North America president resigns
By: By Ed Gubbins
The president of Nortel Networks’ North American operations will resign at the end of this month, the company announced late Wednesday...
Qwest close to new CEO, Notebaert said
By: By Carol Wilson
Qwest Communications’ outgoing Chairman and CEO Richard Notebaert hinted broadly this morning that an announcement is forthcoming of his replacement. In the Q&A session following what could be his last earnings call with Qwest, Notebaert told analysts the new executive will be announced “sooner rather than later.”...
Infinera revenue explodes
By: By Ed Gubbins
In its first quarter as a public company, equipment vendor Infinera reported more than $58 million in second-quarter revenue, a nearly 19% increase sequentially and a 1360% increase from a year earlier...
Alcatel-Lucent defends against price attacks
By: By Ed Gubbins
Alcatel-Lucent’s second-quarter revenue beat the expectations of Wall Street analysts but fell short of earnings expectations, leading many analysts to focus on the vendor’s margins...
Integration woes hamper Level 3
By: By Ed Gubbins
Level 3 Communications struggled to keep up with sales demand in the second quarter as it worked to integrate several recent acquisitions...
Zhone’s business shifts overseas
By: By Ed Gubbins
Zhone Technologies’ business shifted internationally in the second quarter, as half of the company’s $44 million in revenue came from outside the United States...
Tellabs' BellSouth FTTC spending picks up
By: By Ed Gubbins
Spending from AT&T and its constituent companies improved in the second quarter but haven’t yet returned to the levels seen before last year’s merger with BellSouth, according to Tellabs...
Report: Tellabs mulls offer from Nokia-Siemens
By: By Ed Gubbins
Tellabs is mulling a $7-billion acquisition offer from Nokia Siemens, according to a report this weekend from TheStreet.com....
Sycamore outshines its acquisition
By: By Ed Gubbins
Sycamore Networks continued to grow revenue in its fiscal third quarter while the company it acquired last fall, Eastern Research (ERI), continued to contribute less...
Juniper raises its outlook for 2007
By: By Ed Gubbins
Juniper Networks raised its expectations for the year after reporting second-quarter earnings results Wednesday evening...
3Com approached by potential acquirers
By: By Ed Gubbins
3Com could become the next company to be acquired by a private equity player or telecom equipment vendor, according to the Wall Street Journal...
Adtran still waiting for AT&T’s return
By: By Ed Gubbins
Despite a false impression left in the first quarter, Adtran is still waiting for AT&T to resume the level of spending it did before the approach of its merger with BellSouth late last year...
India’s Reliance acquires Yipes
By: By Ed Gubbins
Reliance Communications, one of India’s largest telecom carriers, has agreed to acquire San Francisco, Calif.,-based Ethernet service provider Yipes Enterprise Services for nearly $300 million in cash, the companies announced today...
Carrier Access officers decline pay amid new cuts
By: By Ed Gubbins
Carrier Access announced new restructuring plans late Monday after disclosing preliminary second-quarter results that fell below expectations...
Motorola cuts 2100 in second quarter
By: By Ed Gubbins
About 2100 employees left Motorola in the second quarter as part of a planned reduction of about 7500, the company said in regulatory filings late Thursday...
Telus could be next takeover target
By: By Ed Gubbins
In the wake of an offer from private equity players to acquire Bell Canada, the country’s second biggest telecom carrier, Telus, may be the next takeover target for investors, Canaccord Adams analyst David Lambert said in a research note this week...
Analyst revises optical commoditization views
By: By Ed Gubbins
he optical transport equipment sector is not ripe for commoditization, Nyquist Capital General Partner Andrew Schmitt wrote in a blog this week, correcting an earlier opinion...
Investors offer $1.2 billion for ECI
By: By Ed Gubbins
ECI Telecom has agreed to be acquired by a group of investors for $1.2 billion, the company announced today...
