Ericsson's President and CEO Hans Vestberg took a moment to squash rumors that Cisco wants to purchase the company following a new partnership the pair announced for future technology developments.
When Frontier completes its acquisition of Verizon's wireline assets in California, Florida and Texas, a key indicator of early success for customers will center on two issues: minimizing network service disruptions and consistent pricing.
Verizon is considering a sale of its enterprise assets, which could fetch the telco as much as $10 billion, according to a Reuters article citing people close to the company. If such a sale were to take place it would include the enterprise unit formerly known as MCI and its Terremark data center business.
Cologix is acquiring Net Access, a northern New Jersey colocation provider, adding over 700 new customers.
Windstream is shedding its data center business with plans to sell the assets to TierPoint, a cloud and managed service provider, for $575 million in cash, ending months of rumors about what it would do with the unit.
GTT Communications is acquiring One Source Networks for $175 million, a deal that will enable GTT to further grow its data, SIP trunking and managed service portfolio to serve more Fortune 1000 business customers.
Frontier Communications has received the FCC's approval for its proposed acquisition of Verizon's wireline operations in California, Florida and Texas, clearing an important federal hurdle to complete the company-changing deal.
Consolidated Communications is seeing the fruits of its ongoing transformation from another Tier 2 provider of voice to a next-gen IP service provider, with a senior executive saying that 80 percent of its revenue comes from broadband and business services.
Mid-Atlantic telecommunications company Shentel said it will purchase nTelos for approximately $640 million in a move the company said will improve its fiber and cable holdings.
Qualcomm Atheros, a subsidiary of wireless technologies provider Qualcomm, is acquiring chipmaker Ikanos Communications in an all-cash transaction valued at about $47 million. The purchase will boost Qualcomm's presence in the home gateway segment of the carrier fixed-line market.