Investment firm BlackRock now says it holds a 7.78 percent stake in Telecom Italia and that this investment, which makes it the second largest investor in the carrier, followed Italian disclosure rules.
Project VIP is one of AT&T's most ambitious network buildout initiatives to date. Over the past year, it has been making continual progress in expanding both its U-verse and fiber to the building footprint. Where is it making the bulk of those investments? We list them by state in this special report.
Inteliquent, a voice interconnection provider, is continuing its turnaround strategy with a plan to return cash to its shareholders, including a special dividend of $1.25 per share, and to initiate a quarterly dividend of $0.0625 per share of its common stock. The service provider said that both dividends should be declared and paid within the next three months.
Acacia Communications, an emerging 100G optical transceiver vendor, closed $20 million in its latest round of funding that was led by Summit Partners.
The ongoing competitive effect of cable telephony and wireless substitution has driven Standard & Poor's Ratings Services to cut Frontier Communications' rating for corporate credit and senior unsecured debt to double-B-minus, three levels below investment grade.
AT&T and Verizon finished one-two atop a list of "Investment Heroes" compiled by economist Diana Carew and chief economist Michael Mandel for the Progressive Policy Institute, an independent research institution.
Investment bank Goldman Sachs told Clearwire's (NASDAQ:CLWR) board in February it planned to stop advising Clearwire and would instead switch to advising Clearwire's majority owner, Sprint Nextel (
In what appears to be a last resort in garnering more funding, Clearwire (NASDAQ:CLWR) is aiming to sell some of its vast amount of spectrum to raise between $2.5 billion and $5 billion, according to
WiMAX operator Clearwire (NASDAQ:CLWR) is reviewing its funding options and is in discussions with current and new investors, including T-Mobile USA, a Clearwire spokesman told Bloomberg. "Other
Qualcomm will launch a research and development facility in South Korea to work on next generation mobile chip technology, striving to forge ahead in a country where it was stung by antitrust