As a combined company, Momentum Telecom will have more than 400 employees.
Alteva reported that Unified Communications (UC) were once again the key revenue element in the service provider's third-quarter results, climbing 7 percent year-over-year to $4.3 million.
Alteva, a unified communications specialist, has rejected an unsolicited takeover bid from the Juniper Investment Company.
Wireless backhaul growth is set to become a revenue haven for edge router vendors like Alcatel-Lucent, Cisco and Juniper Networks, according to a new Dell'Oro report.
Cloud services provider Alteva reported that unified communications revenues jumped 12 percent year-over-year to $4 million, contributing 54 percent of the company's total revenues of $7.5 million.
Alteva, a competitive unified-communications-as-a-service (UCaaS) provider, continued to find that its emphasis on cloud-based services was a highlight of their Q2 earnings as unified communications revenues jumped 21 percent year-over-year to $3.9 million.
Alteva is increasing the value of its SIP trunking portfolio for its growing base of large business customers by allowing customers the ability to access cloud services and get free calling services between offices.
Alteva has introduced a new hosted Unified Communications as a Service (UCaaS) product catering to the specific needs of law firms.
Alteva, an independent telco that's been realigning its focus on the Unified Communications market segment, will lay off 20 percent of the staff in its Warwick, N.Y. facility.
Alteva reported that its first-quarter unified communications revenues, net of eliminations were $4 million, up sequentially 15.6 percent, a factor that helped to ease the pain of the 9 percent decline in telephone segment revenue.