BellSouth received net proceeds of approximately $1.5 billion resulting from an early repayment by KPN of the entire outstanding balance...

Qwest Communications will invest an incremental $75 million to expand the availability of DSL in its 14-state region. The additional...

MCI announced a new global video streaming service, powered by Yahoo! Broadcast Solutions. The new MCI service lets companies use...

Sonus Networks completed a public offering of 20 million shares of Common Stock at a per share price of $3.05....

Lufthansa and Connexion by Boeing declared that their 3-month trial of on-board, W-Fi broadband services along a transatlantic route was...

SBC Communications has approved Fujitsu Network Communications' FLASHWAVE 4500 next-generation multiservice optical transport platform for use and network deployment. The...

NEC America introduced its Aspire Key Telephone System for small and medium-sized businesses. The platform, which can support as many...

D-Link released a new version of its Ethernet Broadband Router that now includes Virtual Cable Tester (VCT) technology to help...

AirFlow Networks, a start-up based in Sunnyvale, California, closed $8 million in an initial round of funding for its development...

Nokia agreed to acquire Eizel Technologies, a start-up developing enterprise security solutions, for a net price of US$21 million. Eizel...

Shiva is acquiring the assets of Memotec, a privately-held supplier of multi-service platforms for IP, Frame Relay and ATM. Memotec...

Tyco Telecommunications was selected by a subsidiary of the Norwegian Space Centre (NSC) to supply the Svalbard Undersea Cable System...

Toshiba America Information Systems introduced IP capabilities for its Strata CTX family of business communication systems. Toshiba's Strata CTX is...