France Telecom Sells its 5% Stake in Sprint PCS for $330M
France Telecom sold 56 million Sprint PCS shares through a block trade on the New York Stock Exchange for US$330 ...
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BellSouth to Offer Network Equipment Test Services
BellSouth is expanding its internal testing and assessment facility, BTAC, to include an outsourced service for test creation and execution ...
Riverstone Reports Quarterly Revenue of $12.7 Million, Possible Nasdaq Delisting
Riverstone Networks reported quarterly revenues of $12.7 million for the period ending 31-May-03, compared with revenues of $15.1 million in ...
Touch America Files for Chapter 11, Sells Unit to 360networks
Citing the difficult economic environment, Touch America and all is subsidiaries filed voluntary Chapter 11 petitions in bankruptcy court. The ...
Level 3 Bondholders Convert Debt into New Shares
Longleaf Partners Funds, Berkshire Hathaway, and Legg Mason converted all of their outstanding 9% junior convertible subordinated notes due 2012 ...
China's Hunan Unicom Selects Lucent for Optical Backbone
Hunan Unicom, a subsidiary of China Unicom, selected Lucent Technologies to supply SDH optical transport systems for its provincial backbone. ...
AT&T Stages Network Disaster Recovery Drill in Chicago
AT&T will conduct a five-day network disaster recovery (NDR) exercise beginning tomorrow in Chicago to evaluate how well it can ...
Acterna Receives Approval for $30 Million Bankruptcy Financing Package
Acterna received bankruptcy court approval for a $30 million debtor-in-possession (DIP) financing package arranged by a group of banks led ...
Siemens Mobile Acceleration invests in Realeyes3D
Siemens Mobile Acceleration has made an equity investment in Realeyes3D, a start-up based in Paris, France that specializes in advanced ...
AT&T Reaches Agreement with Unions, Wages & Pensions Increase
AT&T reached tentative agreements with the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) on ...
Cogent Announces Restructuring and $41 Million in New Funding
Cogent Communications has nearly completed the restructuring of its debt and has raised $41 million in cash equity from investors ...
Unions to Begin Bargaining with Verizon for New Contract
The Communications Workers of America , a union representing 60,000 employees at Verizon Communications, said it is optimistic on reaching ...
Telecom Developpement selects Alcatel for DSL Rollout
Telecom Developpement (TD), a competitive carrier in France, selected Alcatel as its sole supplier for a mass network rollout in ...
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