News

Qwest profit surges 37 percent

Despite a 6.6 percent decline in revenue mostly driven by accelerated landline losses, Qwest Communication posted a first-quarter net income jump of about 37 percent to $206 million. The overall

Nortel gets bankruptcy extension, reportedly nears asset sales

Nortel Networks has received the three-month extension for its bankruptcy protection period it sought from the Ontario Superior Court. The Ottawa Citizen also reports that the company is getting

Nacchio's review bid gains support

The U.S. Chamber of Commerce, the National Association of Criminal Defense Lawyers and the Washington Legal Foundation are among the groups that have voiced support for former Qwest Communications

Cablevision set for 101 Mbps launch

Cablevision System is pushing the broadband speed envelope with a 101 Mbps download/15 Mbps upload DOCSIS 3.0 ultra-wideband service that will cost $99.95 per month when it premieres in May in

IBM to resell Brocade's Foundry gear

IBM and Brocade Communications announced that the former will begin re-selling the latter's switch and router products, targeting them at cloud networking and data center opportunities. The products

Level 3 back to earth with net loss, revenue drop

One quarter after recording its first quarterly profit in six years, Level 3 Communications was back in the red for the first quarter of 2009, posting a net loss of $132 million on $980 million in

Tellabs reports 22 percent revenue slide

While network operators have reported fairly solid results for the first quarter thus far, their vendors are feeling the effects of lower capital spending, but perhaps not as much as some analysts

Oclaro debuts after Bookham-Avanex merger

Optical components companies Bookham and Avanex announced the completion of their merger, which was announced about three months ago, and changed the name of the newly-combined company to Oclaro. The

Targeted ads take another step back

As telcos and other broadband service providers become more communicative about how targeted advertising works and what consumers might have to gain from it, the telecom industry should be starting

TeliaSonera revises 2009 forecast

While U.S. telco giants Verizon Communications and AT&T are coming out of first-quarter earnings looking fairly robust, a couple of European telcos are busily revising their financial forecasts

Nortel aims to extend bankruptcy protection to July 30

Nortel Networks, which filed for bankruptcy protection in January and had been planning to exit its protection period on May 1 with a new business plan, has filed a document with the Superior Court

Verizon posts Q1 profit, revenue increases

Verizon Communications continues to produce financial results that contradict the notion that the economic recession is affecting telecom. The telco reported first-quarter earnings that included a

VC investment in networking firms dips

Venture capital firms invested less money in telecom networking companies during the first quarter of this year than they had in any other quarter since 1996, according to the quarterly MoneyTree

Report: Tiscali working on U.K. asset sale

As Italian telecom operator Tiscali attempts to re-negotiate its debt, the company also is in the midst of negotiating the potential sale of its U.K. assets of the company to Carphone Warehouse Group

Verizon and bandwidth caps: The real story

Time Warner Cable's continuing faux pas over bandwidth caps and DOCSIS 3.0 is costing it good will, but the cable company's fumbling around has Verizon worried that the PR fiasco has triggered more

CWA President: AT&T strike "a tactic we may yet use"

Speaking at the union's first ever e-meeting Thursday, CWA President Larry Cohen said a strike against AT&T remains a "tactic we may yet use" against the company. However, the union and its

Qwest to drop Montana phone rates May 1, add more DSL to state

Qwest customers in Montana will see the price of their landlines go down beginning May 1 as a part of a settlement of a complaint filed in October 2006 that the phone company was making more than its

Rural Africa gets telecom building boom

Eastern and southern African counties have started telecommunications projects aimed at connecting rural areas to cities and increasing countrywide connections to international networks. The projects

PCCW ditches privatization effort

Hong Kong telco PCCW has stopped its $2.1 billion bid to go private, the company said in a statement released Thursday. PCCW Chairman Richard Li, leader of the effort, said he had decided not to

Verizon plays coy with bandwidth caps

Verizon has no plans to implement consumption-based bandwidth caps on its Internet service - but left the door open to pursuing that option under certain circumstances. In remarks Tuesday at a NAB