Broadband Finance News
:: Broadband Finance News ::
Security firm Arbor buys Ellacoya
By: By Carol Wilson
Security technology firm Arbor Networks today announced it has acquired Ellacoya Networks, a pioneer in the increasingly crowded field of deep packet inspection...
Pac-West bounces back again
By: By Carol Wilson
The new CEO of Pac-West Telecom is promising a financially healthier company with ambitious plans for the Western region...
Zayo buys Citynet wholesale unit
By: By Carol Wilson
Zayo Group continued its buying ways, announcing Thursday it has acquired the wholesale unit of Citynet, the Tulsa, Okla.-based service provider...
Former Motorola CTO joins Cisco
By: By Sarah Reedy
Cisco Systems today announced that former Motorola Chief Technology Officer Padmasree Warrior will be joining the company as its new CTO, just days after her resignation from Motorola...
In the Spotlight: Zayo CEO Dan Caruso
By: By Carol Wilson
Telephony Editor-in-Chief Carol Wilson spoke to Zayo Chief Executive Officer Dan Caruso about his company’s meteoric rise...
Global Crossing loss grows but revenue up
By: By Carol Wilson
Despite widening losses, Global Crossing is viewing its third-quarter numbers as highly positive for the company, as it focuses on its growing revenues and cash EBITDA (earnings before interest, taxes, depreciation and amortization) rather than earnings per share...
Covad acquired by private equity firm
By: By Ed Gubbins
Covad Communications has agreed to be acquired by Platinum Equity for about $304 million in cash, the companies announced today...
Microsoft values Facebook at $15 billion
By: By Rich Karpinski
Call it a Web 2.0 shootout: Microsoft beat out Google and Yahoo for a shot at Facebook’s advertising business, investing $240 million for a 1.6 percent stake in Facebook. The deal values Facebook at $15 billion (on just $150 million annual revenues), instantly making it the fifth largest Web property in terms of market capitalization...
AT&T “approaching” 10,000 IPTV installs per week
By: By Ed Gubbins
AT&T nearly doubled the weekly installation rate of its U-verse IPTV service in the third quarter, the company announced along with its quarterly earnings today...
AT&T, EchoStar speculation swells
By: By Sarah Reedy
There is a 65% chance that AT&T will buy EchoStar’s DISH Network satellite TV service within the next 12 months, according to Citigroup analyst Jason Bazinet in a research report published today...
Eagle Broadband sheds IPTV STB business
By: By Sarah Reedy
Nighthawk Systems today announced that it has purchased the IPTV set-top box business assets of Eagle Broadband for $4.75 million...
Nokia to buy Navteq for $8.1B
By: By Kevin Fitchard
Nokia is cementing its position in the mapping/location-based services space, announcing today an agreement to buy GPS-mapmaker Navteq for $8.1 billion in a cash-for-stock deal...
Windstream CEO: RLEC M&A on hold ‘til ‘08
By: By Ed Gubbins
Though further consolidation is needed in the rural telecom carrier space, it will probably have to wait until next year, when the credit environment improves, according to Jeff Gardner, CEO of Windstream, a large, rural telco...
Xfone acquires Texas carrier
By: By Ed Gubbins
Competitive carrier Xfone has agreed to acquire West Texas carrier NTS Communications for $42 million...
AT&T tops Ethernet market, but slipping
By: By Carol Wilson
A new Vertical Systems reports shows an ever-more-competitive Ethernet marketplace, as AT&T lost ground and Cox Communications became the first cable company in the top four U.S. Ethernet providers...
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...
Cisco touts collaboration, Web 2.0 as earnings rise
By: By Rich Karpinski
Cisco reported strong fiscal fourth-quarter earnings, and boosted its guidance for the year, driven by emerging video, collaboration and Web 2.0-style applications that CEO John Chambers said are increasing the demands placed on enterprise and carrier networks...
After profits tumble, Sprint sees better days
By: By Carol Wilson
Sprint Nextel saw its second quarter profits fall 95% over the second quarter of 2006, but Sprint Nextel Chairman and CEO Gary Forsee emphasized the company’s position for growth in addressing industry analysts...
EarthLink posts Q2 loss
By: By Mark Donahue
EarthLink reported a second-quarter loss today as its revenues fell to $312.2 million--down 6% compared to the same period last year--linked largely to a drop in subscribers and the company’s ailing joint wireless venture, Helio...
AT&T posts second-quarter gains
By: By Mark Donahue
Buoyed by wireless and IP-based services growth, AT&T reported second-quarter revenues of $29.5 billion—up from the $15.8 billion it posted in the same period last year. But the numbers reflected only a small taste of what could (or could not) come from iPhone sales...
In the Spotlight: Integra Telecom's Dudley Slater
By: By Carol Wilson
Dudley Slater is chief executive officer of Integra Telecom, a Portland, Ore., based competitive services provider that began in 1996 with the acquisition of a small voice and data provider and has continued to grow via expansion and acquisition. Its most notable addition was the 2006 acquisition of Electric Lightwave. The company is now closing on its 2007 acquisition of Eschelon Telecom. Slater spoke with Editor-in-Chief Carol Wilson...
Notebaert to retire
By: By Carol Wilson
Qwest Chairman and CEO Richard Notebaert took the industry by surprise this morning, announcing his retirement...
Broadband subscriber base to double by 2011
By: By Ed Gubbins
The number of broadband subscribers worldwide will nearly double over the next five years to more than half a billion, according to research analysis firm In-Stat...
BT results include NA expansion
By: By Carol Wilson
Most of the focus on the financial results announced earlier today by BT was understandably on the company’s 16 percent increase in annual earnings and a broadband surge that re-established the company as the U.K.’s largest broadband provider...
Verizon Business buys Cybertrust
By: By Carol Wilson
Continuing its push into managed security services, Verizon Business today announced its acquisition of Cybertrust, a privately held company which provided security services on a global basis, for an undisclosed amount of money...
