After months of jockeying back and forth, XO Communications Inc. has agreed to end its accord with buyout firm Forstmann Little & Co. and Telefonos de Mexico SA (TELMEX), for some cash of course. In June, Forstmann and TELMEX raised the possibility of walking away from a planned $800 million investment in the troubled XO.
Copyright 2002 Computerworld, Inc. Computerworld…10/14/2002 From LexisNexis Finding ways to restore health to the ailing telecommunications sector is a top priority for the Federal Communications Commission. But the forecast for the industry overall, which has lost approximately 500,000 jobs and is saddled with as much as $1 trillion in debt, remains gloomy, the commission was told by a p...
Copyright 2002 Reed Elsevier Inc. Daily Variety…10/11/2002 From LexisNexis Digital TV specialist Liberate Technologies is partnering with Signatures Network to create an on-demand service providing concerts, music videos, backstage footage and other video programming featuring more than 125 acts including Madonna, Bruce Springsteen, Shakira, Kiss, Britney Spears and U2.
Sprint rolls out Sprint IP Telephony Services to manage and maintain its customers' networks. The service, which is designed to take away the need for customers to manage their networks, offers a combination of Sprint's management, monitoring and maintenance services for IP-based voice services. Sprint is using Cisco Systems ' Architecture for Voice, Video and Integrated Data (AVVID) to help po...
Quarterly results offer a mixed bag. Nortel Networks ' shares were up nearly 7 percent, following news that the telecom gear maker will post third-quarter revenue in line with expectations. Juniper Networks ' shares were off 4 percent on news that it posted a 25 percent year-over-year drop in revenue.
Buzztime is more than just a source of fun and games, the interactive trivia channel has helped MSO Susquehanna Communications (SusCom) retain customers. SusCom launched Buzztime services in June. In July, 26 percent of SusCom digital cable customers in York, Pa. played the trivia channel. At the end of September, 42 percent of York's digital subscribers had played.
A layoff announcement made by telecom equipment giant Lucent Technologies Inc. failed to stir up panic on Wall Street today. The Nasdaq was up 35 points in mid-day trading action. Today's announcement will result in 10,000 more Lucent workers getting their walking papers by the end of fiscal 2003. Once complete, Lucent will have a work force of 35,000, at its peak, Lucent had more than 100,000 ...
Cox Communications Inc. is doing something right with its digital telephony service pack, according to a recent customer survey. Ninety percent of the telephony customers surveyed said they were satisfied with the service. The survey also found that 97 percent said they were unlikely to switch to another service and 94 percent said they would recommend the service to a friend.
SeaChange International Inc. will beef up its video-on-demand system with the addition of digital rights management features. The VOD systems provider plans to integrate SecureMedia Inc.'s Encryptonite System (DRM) software to increase the secure levels of encryption, key management and rights enforcement for content delivered in IP-based VOD applications.
In August T-Mobile inked a deal to serve up Wi-Fi at select Starbucks coffeehouses, and now the company has entered a new chapter for its wireless high-speed Internet access through a deal with Borders bookstores. The agreement calls for T-Mobile USA Inc. to provide its T-Mobile HotSpot service to roughly 400 Borders Books and Music locations nationwide beginning in early 2003.
The Nasdaq may be trading at 1,142 and demand in the telecom sector may still be weak, but one analysis sees the cable services sector as a silver lining. CIBC World Markets is predicting that although near-term growth will be flat, long-term growth in the cable services sector will be spurred by the companies in this market segment that offer advanced services.
The Federal Communications Commission has imposed its highest fine ever. Regulators have fined SBC Communications Inc. $6 million for not meeting requirements to open up its network to competitors. In January, the commission issued a Notice of Apparent Liability saying it appeared that SBC has "willfully and repeatedly" violated conditions calling for the company to offer the same network-acces...
Copyright 2002 The Deal L.L.C. The Daily Deal…10/10/2002 From LexisNexis Global bandwidth merchant Flag Telecom Holdings Ltd. officially emerged from bankruptcy on Wednesday, Oct. 9, about six months after filing for Chapter 11 protection. The London-based, Bermuda-registered company wiped out about $1.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Daily News (NY) Daily News (NY)…10/10/2002 From LexisNexis AOL Time Warner Inc.'s woes keep adding up. The floundering media giant that's seen ads evaporate from its American Online division, could now face a steep decline in profits from its 35 million AOL subscribers, according to a report issued yesterday.
EchoStar Communications Corp. tried to cut the FCC off at the pass, but despite the company's best efforts regulators have rejected its proposed merger with Hughes Electronics Corp. In a 4-0 vote, the commission has denied the proposed multi-billion dollar merger saying that the likelihood of the merger hurting competition "outweighs any merger-specific public interest benefits.