Verizon ups spending on wireless, FTTP
By Ed Gubbins
Verizon Communications raised its capital spending estimates for the year to address better-than-expected growth in wireless and ongoing efforts to deploy fiber-to-the-premises (FTTP), the company announced in its second-quarter earnings call Tuesday...
ADC acquires FONS
By Vince Vittore
ADC today announced it will acquire Fiber Optic Network Solutions for $172 million in cash. FONS, which provides passive optical components and fiber cable packaging, will becoming part of ADC’s Global Connectivity Group after completion of the deal...
Tut plans $15M private placement
By Ed Gubbins
Tut Systems will conduct a private sale of common stock and warrants for $14.9 million, the equipment vendor announced today. ...
iTown aims FTTP at clusters of W. Va. communities
By Ed Gubbins
iTown Communications announced today its strategy to build and manage wholesale fiber-to-the-premises networks for clusters of small towns and counties throughout the state....
New investors lead Meriton's $54M C round
By Ed Gubbins
Meriton Networks announced a new $54 million round of funding today led by new investors, bringing the five-year-old equipment vendor's total funding to about $100 million....
Heartland report challenges Lafayette plan
By Carol Wilson
A new Heartland Institute study claims that the city of Lafayette, La., is greatly underestimating the marketing and content acquisition costs it will face in building and operating services over a fiber-to-the-home network...
Following Corning comments, Verizon vows no slowing on FTTP
By Ed Gubbins
Verizon Communications has no intention of slowing the pace of its fiber-to-the-premises (FTTP) deployment, a company spokesman told Telephony today in response to speculation following comments made Tuesday by Corning, one of Verizon’s suppliers...
FiberNet looks to new acquisitions
By Ed Gubbins
After canceling its planned acquisition of Con Ed Communications, network wholesaler FiberNet vowed today to move on to other acquisitions....
Entrisphere garners funding, unveils new customer, ONTs
By Vince Vittore
Vendor gearing up for Tier 1 carrier deployments, but can it go it alone?...
FiberNet cancels Con Ed Communications acquisition
By Ed Gubbins
Network wholesaler FiberNet Telecom Group and electric utility Consolidated Edison have agreed to terminate the former's planned acquisition of Con Ed's telecom subsidiary, Con Ed Communications. ...
Avici interim CEO settles in
By Ed Gubbins
Bill Leighton, interim CEO of router vendor Avici Systems, has been named president and CEO, the company said today....
BT names vendors for 21st Century
By Ed Gubbins
British Telecom today announced its selection of preferred equipment suppliers for its so-called "21st Century Network," a $19 billion project to build a nationwide next-generation network over the next several years. ...
Tropic pairs with Scientific Atlanta
By Ed Gubbins
Tropic Networks announced an original equipment manufacturer partnership with Scientific Atlanta today wherein the latter will sell and support its products in the North American cable market. ...
Quigley named Alcatel COO
By Ed Gubbins
Alcatel's board approved the appointment of Mike Quigley as its new president and chief operating officer today, following the suggestion of CEO Serge Tchuruk....
WSJ: Tchuruk picks Quigley to be next Alcatel CEO
By Ed Gubbins
Alcatel CEO Serge Tchuruk has picked Mike Quigley, president of both its North American and fixed communications groups, to succeed him as CEO when he steps down next year, according to a report today in the Wall Street Journal....
CoSine investors urge it not to merge with Tut
By Ed Gubbins
A group of CoSine Communications investors are urging the company not to complete the merger with Tut Systems announced in January. ...
Metro Ethernet equipment market to double by 2008
By Ed Gubbins
The worldwide market for metro Ethernet equipment, which reached $3.8 billion in 2004, should double in the following four years, reaching $7.6 billion in 2008, according to data released today by Infonetics Research....
Alcatel COO quits
By Ed Gubbins
Alcatel’s chief operating officer Philippe Germond announced his resignation today, the company said. Germond was considered by many to be the heir apparent to the Alcatel CEO job, which will become available next year...
fSONA reveals acquisition, new CEO
By Ed Gubbins
Wireless optical equipment vendor fSONA Systems today named its first chief executive officer since the company was acquired by an anonymous investor late last year....
Tellabs partners with Occam for IP FTTN
By Ed Gubbins
Access equipment vendor Occam Networks has entered into a partnership with Tellabs wherein Tellabs can manufacture and sell Occam's broadband loop carrier products to a specific set of customers, including independent operating companies and three RBOCs....
Lumentis merges with Transmode
By Ed Gubbins
Transmode Systems and Lumentis, optical equipment vendors based in Stockholm, Sweden, have agreed to merge in an all-stock transaction, the companies announced today. The combined entity will retain Transmode's name....
Ciena closes RTP development plant employing 60
By Ed Gubbins
As part of ongoing cost-cutting efforts, network equipment vendor Ciena will close a development facility in Durham, N.C., in April, affecting 60 employees, the company confirmed today....
XO misses debt covenants
By Ed Gubbins
XO Communications did not meet the earnings requirements of its debt facility in 2004 and does not expect to meet them in 2005, the company admitted in filings to the U.S. Securities and Exchange Commission today....
OFC/NFOEC: Corvis becomes component vendor
By Ed Gubbins
ANAHIEM, Calif.--Corvis, the optical equipment vendor that acquired, and then shrank within Broadwing Communications, made public for the first time this week that it is now in the business of selling its own optical components to equipment manufacturers and government entities. ...
OFC/NFOEC: White Rock acquires Seranoa Networks
By Ed Gubbins
ANAHEIM, Calif.--Metro optical equipment vendor White Rock Networks announced its first acquisition Monday, of five-year-old Seranoa Networks. ...
