News

Tekelec projects caution, M&A shopping for 2009

Tekelec joins Acme Packet in projecting growth in 2009. The company beat Wall Street analysts' expectations for its fourth-quarter and year-end financials, but expected purchasers to hold off on

Qwest pulling plug on SkyWi; NM PRC emergency session on Thursday morning

SkyWi's public drama continues, as Qwest said it will notify the New Mexico Public Regulation Commission on Thursday that it is pulling the plug on SkyWi's network connections in 10 business days.

Alcatel-Lucent, NSN-Juniper pursue Carrier Ethernet opps

Carrier Ethernet remains an active growth sector in telecom, despite general economic nervousness and declines on overall carrier spending. A couple of announcements this week showed how vendors are

BT sees proft drop, EC pension fund problem

The trouble continued for BT in the U.K. telco giant's fiscal third-quarter earnings report. Net income was down about 32 percent to $1.8 billion, and several reports suggested that BT still may

Level 3: First profit in six years

Level 3 Communications reported a $44 million profit for the fourth quarter, the network operator's first quarterly profit in six years. The company's earnings report also left investors with

Report: Nearly $7 billion in broadband stimulus, but tax credit gone

Congress reached a compromise of the House and Senate economic stimulus bills Wednesday, and a report in The New York Times indicated that the final broadband grant is between $6.65 and $6.8 billion.

Charter nearing Chapter 11 filing?

Charter Communications in a few days will come to the end of its grace period for debt interest payments that it missed last month. It is not clear whether or not the more than $73 million in

Nortel: More jobs cuts possible, but patent incentives intact

Nortel Networks's bankruptcy advisor Ernst & Young International said that the troubled network equipment vendor is planning for more job cuts, though it is not yet clear when or how many jobs

Debt sales, credit coming easier for some

The winter thaw has begun, and it doesn't have anything to do with whether or not a celebrated critter saw his shadow. It's the credit markets that are thawing-or softening, or becoming more

Qwest plans fiber ring expansion

Amid its fourth-quarter earnings report, Qwest Communications said--a bit tentatively--that it plans to build six fiber optic rings in markets outside of its traditional 14-state local service

UPDATE: Verizon Wireless lays off employees formerly at Circuit City

Verizon Wireless has laid off 45 percent of the employees that worked at in-store Circuit City locations, according to Verizon Wireless spokesperson Harold Waterman. Fierce received an email from

Rumor Mill: Circuit City bankruptcy triggers Verizon Wireless layoffs

Circuit City's financial meltdown is now apparently burning Verizon Wireless employees assigned to the stores. Fierce comments and outside reports point to layoffs for Verizon Wireless sales staff

Qwest Q4 profit beats Wall Street estimates

This morning, Qwest released its fourth-quarter 2008 and yearly financial numbers. The company saw a 3 percent drop in operating revenue in the fourth quarter on a year-to-year basis and a 2 percent

Senate bill: Billion-dollar Verizon tax break still possible

Language in the latest draft of the Senate economic stimulus currently provides Verizon with a crack at a billion dollars (or more) of tax credits if the company spends $6 billion on FiOS over the

tw telecom reports a bit of goodness for Q408, year

The company formerly known as Time Warner Telecom announced $294.6 million in revenue and $5 million in net income for the fourth quarter of 2008. The company had $1.15 billion in revenue, $399

Swatting 911 becomes life-threatening

Using a combination of VoIP and caller ID spoofing, crank-calling "swatters" have been generating armed police raids on innocent third parties. Upgrades to existing 911 systems should be able to

Verizon Business touts global network builds

Taking inventory of its completed and ongoing network expansion projects, Verizon Business logged $17.8 billion in wireless and wireline network projects worldwide in 2008. Expect to see more this

Profiting from pre-owned network hardware gear

Facilities-based Excel Telecommunications is making no secret of the fact it uses second-hand gear, allowing Network Hardware Resale (NHR) to feature Excel in a customer testimonial. A posting on

Jason Nelson - Publisher, FierceTelecom

For those of you who are keenly observant, you may have recently noticed a change to the masthead here at FierceTelecom. It's with great excitement that I announce my new role as Publisher of our

Toben to retire from Verizon CFO slot

Verizon Communications CFO Doreen Toben, who has been in her job for seven years and has been a Verizon employee for many more, announced last week that she will retire "around the middle of this