Telecommunications-network equipment builder Viatel Holding Ltd. has done something many of its competitors have failed to do — emerge from Chapter 11 bankruptcy protection. Viatel filed for Chapter 11 bankruptcy protection in May 2001, and for the last 13 months has been working on its restructuring plan.
Copyright 2002 M2 Communications Ltd. TELECOMWORLDWIRE…06/11/2002 From LexisNexis The Norwegian telecom operator Telenor ASA said yesterday that it had started work across the country to upgrade 20 telephone exchanges to support ADSL technology. Once upgraded 30,000 more people will gain access to ADSL and thus broadband Internet connection.
Copyright 2002 Securities Data Publishing Private Equity Week…06/10/2002 From LexisNexis Growing quietly under the radar screen, Speakeasy started out as an Internet cafe in 1994. Since then the Seattle-based company has transformed itself into a broadband service provider and is expected to announce today that it has secured $6 million in fresh capital.
Copyright 2002 The Deal L.L.C. The Daily Deal…06/10/2002 From LexisNexis An investment group fronted by Theodore Forstmann is trying to get out of its $800 million offer to recapitalize XO Communications Inc. But the troubled broadband provider is not going to let Forstmann walk away that easily.
Dave Robinson has announced plans to step down as the head honcho of Motorola Broadband Communications Sector, Dan Moloney will take up the post. After nearly two decades with Motorola and General Instrument, Robinson is leaving his positions president of the broadband communications group and as executive vice president of Motorola Inc.
Comcast Cable Communications and AT&T Broadband have said they are dealing with the recall of some of Motorola Inc.'s DCT-2000 digital set-top boxes in stride. On Friday, Motorola announced it was recalling a small percentage of its DCT-2000 boxes manufactured between March 1 and May 31 this year due to a mechanical defect in the power plug.
Video-on-demand vendor Concurrent Computer Corp. is sufficiently insulated from the ongoing VOD patent war being waged between nCUBE Corp. and SeaChange International, a Concurrent executive said. That's because Concurrent, back in March of this year, became a shareholder in London-based Thirdspace Living Ltd.
CommScope Inc. has looked into the crystal ball and without new revenue from Adelphia Communications Corp. coming in, the broadband coaxial cable maker is being forced to lower its second-quarter outlook. The company now expects to post second-quarter sales in the range of $150 million to $160 million.
Sprint has become the latest telecom company to be hit with a rating downgrade from Moody's Investors Service. The recent cut puts Sprint's credit rating one notch above "junk" status. On Friday, Moody's cut Sprint's senior unsecured long-term rating from Baa2 to Baa3 — a notch above junk. The downgrade, which affected roughly $22 billion of debt, was sparked by Moody's view that Sprint w...
Copyright 2002 P.G. Publishing Co. Pittsburgh Post-Gazette…06/07/2002 From LexisNexis Adelphia Communications Corp. said yesterday it wouldn't cover legal costs of four members of its controlling Rigas family and another employee because they breached their duty to the cable-television company.
Day 3: A wave of companies will be showcasing their products and technologies this week at SCTE's Cable-Tec Expo 2002 in San Antonio. The CED Magazine staff will bring you the latest news and product information each day live from the show. Below is a glimpse of what's happening at the show, but for complete show coverage visit www.
Copyright 2002 Sun Media Corporation The Edmonton Sun…06/07/2002 From LexisNexis Don't be surprised if you see someone cruising down the information superhighway - literally - thanks to a recently announced Internet service for mobile homes, RVs and trucks. In July, Skycasters LLC, an Akron, Ohio, provider of satellite broadband services, is launching the Transportable Solution, a fully p...
Sprint has been offering its Business DSL service package to small businesses since last year, and now the communications company is expanding its offering to include large business customers. Sprint is rolling out the service in 32 markets, and is offering large business customers high-speed access speeds of up to 4 Megabits per second downstream and 512 kilobits per second upstream.
To assist operators in penetrating fiber deeper into the network, ARRIS has introduced its Global Access Fiber-to-the-Subscriber product line. The unified access network architecture can be deployed as fiber-to-the-curb or as fiber-to-the-subscriber, according to ARRIS. Although specific savings were not outlined by ARRIS, the company said compared to traditional Passive Optical Networks, the G...
Some people are passionate about their right to use their digital video recorder to digitally record programing to view content later and skip commercials. So passionate in fact, that an online-civil-liberties group has filed a lawsuit against several entertainment industry giants. The suit, filed by the Electronic Frontier Foundation on behalf of five ReplayTV 4000 owners, asks the court to ru...