News

Philly city council approves Verizon FiOS franchise agreement

The City of Brotherly Love is another step closer to getting a Verizon FiOS offering, as the Philadelphia City Council unanimously green-lighted a 15-year franchise agreement this morning. A

Nortel postpones Metro Ethernet sale

Originally, this post was going to be an update on possible delays in the sale of Nortel Networks's Metro Ethernet unit, but late Wednesday in comments to Light Reading and others, Nortel confirmed

Cisco profit dips 27 percent

Cisco Systems, which in recent quarter has proved to be as vulnerable as any other company to economic fluctuations, reported fiscal second quarter earnings late Wednesday afternoon that include a 27

Verizon moves to one customer help number

Verizon Communications has consolidated as many as 100 different customer service phone numbers it has used around the country to serve its wireline customers into just one national help line:

NGN IMS Forum touts Plugfest 6 results

The NGN IMS Forum completed its sixth plugfest last month, showing that what started as interoperability tests focusing on the IP multimedia subsystem core two years ago has graduated to become a

PCCW deal approved, but inquiry awaits

Shareholders of Hong Kong-based telco PCCW approved the controversial, long-discussed $2.1 billion privatization of the company this week, but within hours of that approval, Hong Kong Securities and

TWC posts higher revenue, expected writedown

Time Warner Cable, which is in the process of being spun off from Time Warner, posted an $8.1 billion loss in the fourth quarter of 2008, and took a whopping $14.8 billion writedown on the value of

Alcatel-Lucent: Another loss, another writedown

Alcatel-Lucent reported a fourth-quarter loss of just under $5 billion and took a $5.1 billion writedown, as it continued a string of quarterly losses and prepares for cost cuts this year expected be

Windstream net income falls 86 percent

Independent telco Windstream Communications saw revenue fall slightly and net income drop steeply during the fourth quarter of 2008, but company officials in their Q4 earnings call this morning

Innovation points toward terabit Ethernet

Forget 100G. How about some of that 640G, or even 1T (that would be "terabit")? No sooner have we gotten used to the idea of 100 Gbps Ethernet networks-which aren't even broadly available yet, by the

Nortel meets aggressive SSA VoIP network target

Much-maligned Nortel has managed some good news this week. Nortel's Government Solutions division has completed the core network for the new U.S. Social Security Administration (SSA) VoIP system

Barron's bullish on Verizon

Some Wall Street analysts - other than those infatuated with cable - believe Verizon is a great bargain these days, as its diverse mix of businesses leave it well-positioned to ride out the

FairPoint transfer stumbles over email accounts

The transfer of northern New England Verizon customers to FairPoint communications has hit at least one stumbling block: email. Customers with Verizon email accounts were supposed to be switched

Time Warner raises rates, ire in upstate NY

Cable rate hikes scheduled to take place March 1 in Utica, N.Y., are not making customers happy. Time Warner Cable's rate increases of around 7 percent are causing heartburn among cash-strapped

Major telcos form coalition in India

With the U.S. economy in a tailspin and many European nations suffering as well, several major telcos announced the formation of a coalition to represent their interests in India, the second-most

ADC cuts Q1 outlook, will trim staff again

ADC Telecommunications, based in Eden Prarie, Minn., cut its guidance Monday for the first quarter of 2009 and said it will reduce staff again in an effort to trim its costs. ADC let 350 employees go

Executive decision: Just say 'no bonus'

Hail a new era of corporate responsibility in telecom! AT&T CEO Randall Stephenson has decided not to take a bonus for 2008, and he will keep managers, including himself, from getting raises this

FairPoint transfer proceeds, union unhappy

FairPoint Communication, along with integration partner Cap Geminis, has started the process of switching operations in northern New England from hundreds of legacy systems run by Verizon

AT&T's Stephenson to skip 2008 bonus

AT&T CEO Randall Stephenson will not be accepting a bonus for his 2008 job performance, and as many as 120,000 managerial employees will not receive raises during 2009. The move comes as the

IBM report: Embrace social networking

Telecom service providers can't wish away the effect that social networking is having on their offerings, and that effect does not appear to be a passing fad--a thought once raised by critics who