Tag: Financial

UTStarcom agreed to sell 12.1 million shares of its common stock to Banc of America Securities. The company also granted ...

USCarrier Telecom, an Atlanta-based wholesale carrier, will acquire Lightwave, an Alabama based fiber-optic network company for an undisclosed sum. The ...

MCI plans to reduce the size of its Debtor-in-Possession Credit Facility to $300 million from $1.06 billion. The credit facility ...

XO Communications concluded its $200 million rights offering of 40 million shares of common stock at $5.00 per share. Preliminary ...

SBC Communications is looking for growth in long distance, DSL, wireless and the large-business market in 2004, said SBC Chairman ...

Jim Geiger, Founder and CEO of Cbeyond Communications, has been named Chairman of the Association for Local Telecommunications Services (ALTS), ...

Redback Networks exited from Chapter 11 status and announced $30 million in equity funding from Technology Crossover Ventures (TCV). Redback ...

Vietnam Post and Telecommunications (VNPT) awarded an expansion contract valued in excess of US$10 million to UTStarcom for continued deployment ...

Lucent Technologies appointed John P. Giere as Chief Marketing Officer, effective immediately. Giere was most recently a vice president at ...

Nokia will establish a new corporate office in the New York metropolitan area to serve as the base for Nokia's ...

CTC Communications, a CLEC based in Waltham, Massachusetts, emerged from Chapter 11 bankruptcy protection and was subsequently acquired by Washington-based ...

3Com reported quarterly revenue of $182 million, up 12% over the preceding quarter and significantly ahead of the First Call ...

PCTEL, a provider of 802.11 mobility software and software-defined radio products, has settled a patent infringement lawsuit with Broadcom. The ...