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
Telco SpA's three main investors are railing against speculation that emerged in an article in Italian newspaper Milano Finanza (MF) that it may be selling the stakes it owns in Telco, the holding
Clearwire confirmed that it will receive more than $1.5 billion in additional new funding from its investment partners, a day after reports first indicated that the new funding would be forthcoming.