AT&T posts strong final quarter
By Carol Wilson
In what may prove to be AT&T's last earnings call as an independent customer, Chairman and CEO David Dorman and Vice Chairman and CFO Tom Horton were able to report stronger results than many expected, posting a $520 million profit despite the expected continued decline in sales. ...
Cable poised for explosive revenue growth
By Carol Wilson
The cable industry is poised to dramatically increase its average revenue per customer, using today’s digital cable platforms, according to a new report from Kagan Research...
SBC profits slide despite data growth
By Carol Wilson
Despite record DSL sales and 10% growth in wireline data revenues, SBC Communications saw profits slide 40% in the third quarter...
ML: Q3 reports could be messy
By Ed Gubbins
As third-quarter earnings season approaches, expectations for telecom services firms’ quarterly reports are “as low as they have been for a while,” Merrill Lynch said in a report issued today...
MCI shareholders approve merger
By Carol Wilson
MCI shareholders have approved its merger with Verizon, the company announced today. ...
Burger leaves SureWest; CEO search to go into ’06
By Vince Vittore
SureWest Communications said today that Robert Burger, Senior Vice President and COO of the company's wireless affiliate SureWest Wireless, will be leaving his position effective tomorrow. Burger, who joined the company in 1998 to launch the wireless business, is relocating to Washington state to pursue opportunities there....
BellSouth CFO retires at 58
By Ed Gubbins
BellSouth chief financial officer Ron Dykes announced his retirement today after 34 years with the company. The 58-year-old will resign at the end of the year, to be succeeded by senior vice president of finance Pat Shannon, who currently serves as chief financial officer for the company’s domestic operations....
MSN, AOL reportedly ready to merge
By Carol Wilson
Microsoft is reportedly in talks with Time-Warner to buy a stake in AOL and merger the online giant with its own MSN service....
Sycamore: Former employees falsified records
By Ed Gubbins
Sycamore Networks filed restated financial reports for the fiscal years 2000 through 2004 to increase net losses this week, after an internal investigation of stock option grants issued between 1999 and 2001 revealed that some employee records were deliberately falsified to affect the value of stock option grants....
CTC buys Connecticut Broadband
By Carol Wilson
New England-based competitive service provider CTC Communications announced today that it has acquired Connecticut Broadband, a voice and data service provider in that Connecticut....
McLeodUSA cuts 240 workers
By Ed Gubbins
McLeodUSA cut 240 employees from its ranks yesterday, the competitive local exchange carrier announced, reducing its total workforce to about 1,970 people...
SA, Microsoft tie expected IPTV knot
By Carol Wilson
In a move that surprised no one, Scientific Atlanta and Microsoft announced yesterday they will team up on IPTV set-tops, combining Microsoft’s operating software with SA’s set-top....
Alcatel names first GPON customer
By Ed Gubbins
Alcatel this week announced the first customer of the gigabit passive optical networking (GPON) equipment it unveiled in May. ...
BPL chip vendor gets $24.5M
By Ed Gubbins
Intellon, a chip vendor in the nascent broadband over powerline space, has collected $24.5 million in a B series round of equity financing, the company announced late Wednesday. ...
Vonage eyeing IPO
By Tim McElligott
Vonage is reportedly going to test the nerves of investors by filing for an initial public offering according to the Wall Street Journal, which said Vonage is looking to raise as much as $600 million. ...
IPTV set-top market already overcrowded
By Carol Wilson
It may be early in the IPTV game, but the playing field is already too crowded, according to The Diffusion Group....
Qwest averts strike
By Carol Wilson
Qwest Communications averted a strike Tuesday night by reaching a settlement with the Communications Workers of America that provides a wage increase and continues to limit overtime but requires workers to contribute to their health care....
Nortel teams with LG in South Korea
By Carol Wilson
Nortel announced late Tuesday that it has finalized a joint venture with Korean manufacturer LG Electronics to develop wireline, optical, wireless and enterprise communications products for the South Korean market and elsewhere....
Cable rides surge in revenue from bundling, new services
By Carol Wilson
Recent sales growth may be the beginning of industry gold rush...
Cedar Point raises $15 million
by Tim McElligott
Cedar Point Communications’ all-in-one voice switching solution for the cable industry brought investors back to the table this week as the company raised $15 million in additional financing ...
SureWest will launch HDTV in Q3
By Carol Wilson
SureWest Communications yesterday announced its second quarterly profit in a row, based in part on cost controls, as well as reduced losses for its broadband unit...
Cox bundles sell but income falls
By Carol Wilson
Cox Communications saw the same burst of growth in its advanced services as other cable companies, but nonetheless posting lower income based on debt extinguishment and the sale of some small cable systems...
Marconi responds to Huawei acquisition report
By Ed Gubbins
Marconi has issued a formal statement this morning in response to a Sunday London Times report that the equipment vendor is in discussions with its partner, Huawei Technologies, to be acquired...
Telefonica chooses powerline technology
By Carol Wilson
Telefonica will use broadband power line technology to distribute its IPTV signal within the home, the company’s supplier, Corinex, announced today. Telefonia is in the process of building a national Ethernet network to serve both business and residential customers. The company will be using Corinex 200 Mbps AV Powerline technology to connect IPTV set-top boxes within the home to the video signal being delivered via ADSL 2+. ...
Labor relations clouds sunny results from Telus
By Tim McElligott
Canadian carrier Telus Corp. achieved solid growth and market-leading EBITDA across its wireless and wireline businesses in its second quarter despite a heated battle with labor unions that has resulted in strikes and lockouts...
