Fiber-to-the-home start-up Wave7 Optics Inc. has closed $15.5 million in third round financing. Oak Investment Partners led the funding round. As part of the deal, Dave Walrod, general partner of Oak Investment Partners, will join Wave7's board of directors. Other investors in the round include Advanced Technology Ventures, Armada Venture Partners, Mellon Ventures, Morganthaler and Lucent Ventu...
After 15 months of steady rate hikes, the price of residential broadband access has finally leveled off, one analysis says. Consumer broadband rates climbed less than one percent at the end of the second quarter, according to new research from ARS Inc. In the cable modem sector, monthly subscribers rates rose from $44.
Concurrent Computer Corp. and Internet Photonics said they have completed interoperability of their wares to create a 10 Gigabit DWDM transport combination for cable-based video-on-demand services. More specifically, the companies certified Concurrent's MediaHawk video server with Internet Photonic's LightStack MX Gigabit Ethernet transport platform.
Sweden's Bredbandsbolaget (B2) is looking to compete with traditional PSTN networks and is turning to Cisco Systems Inc. to make it happen. The Ethernet over fiber broadband services provider plans to deliver residential IP telephony services over its Metro Ethernet broadband network using session-initiated protocol (SIP).
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Daily News (NY) Daily News (NY)…08/22/2002 From LexisNexis AOL Time Warner Inc.'s positioning itself for a Cablevision hook-up. Cablevision's stock surged 23 percent, or $1.83, to $9.65 as investors bet AOL Time Warner's unwinding of its complicated partnership with AT&T in Time Warner Entertainment means it will now ta...
Waning demand in the telecom sector continued to drag down Ciena Corp.'s quarterly results. The telecom gear maker posted a loss of $160 million, or 42 cents a share, on revenue of $50 million for the third quarter. Over the last year, Ciena has shuttered plants and product lines and reduced its work force.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Bangkok Post, Thailand Bangkok Post, Thailand…08/22/2002 From LexisNexis The Communications Authority of Thailand has entered a partnership with SpeedCast Ltd of Hong Kong to provide high-speed Internet connection service via the AsiaSat 3S satellite.
The telecom industry is full of movers and shakers. The latest: WOW selects new president; Liberty Media names new board member; Thirdspace appoints Gibbons; and Cypress taps Ross. Abdoulah takes president post at WOW Former AT&T Broadband Executive Vice President Colleen Abdoulah has been appointed president and chief operating officer at WideOpenWest.
Copyright 2002 St. Louis Post-Dispatch, Inc. St. Louis Post-Dispatch…08/21/2002 From LexisNexis Standard & Poor's lowered its credit rating Tuesday on Charter Communications Inc., and Moody's Investors Service downgraded the cable operator's outlook to "negative" from "stable." The agencies cited concerns about Charter's debt, its cash flow and uncertainty arising from an investigatio...
Copyright 2002 / Los Angeles Times Los Angeles Times…08/21/2002 From LexisNexis The Securities and Exchange Commission might force some telecommunications companies to restate earnings after prohibiting carriers this month from recording revenue from swaps of fiber-optic cable capacity, accountants say.
National broadband service provider Speakeasy is looking to sweep up some customers in the Windy City with a discounted three-month introductory ADSL offering. Speakeasy is offering two plans to entice new subscribers to sign up. For $19.95 a month customers receive one IP address and one Speakeasy e-mail address.
Starbucks has become a way of life for some people. Beginning today, the coffee shop operator is serving up more than lattes in many of its US locations with the introduction of high-speed wireless services. To enable customers to check e-mail, surf the Web, watch streaming video and download multi-media presentations, Starbucks has surrounded 1,200 of its US cafes with a Wi-Fi-based local area...
Dial-up still reigns in the United States, and cablers and DSL providers have been doing some soul searching on how to grab some of those narrowbanders. The latest: SBC Communications Inc. plans to offer "personalized" DSL Internet access speeds later this year. Although a pricing structure has not yet been determined, SBC spokesman Fletcher Cook says the packages will be "competitive.
Terayon Communication Systems Inc. has inked a deployment deal with Comcast Corp. for its DOCSIS 2.0-based cable modem. Comcast, which plans to deploy the TJ 615 cable modem in select service areas, recently certified the modem for use in its high-speed cable network. The news gave Terayon shares a much-need short in the arm in midday trading action.
Cisco Systems Inc. snatches up storage switch maker Andiamo Systems Inc., while Qwest Communications International Inc. finally unloads its directory business. Cisco buys Andiamo Cisco Systems' Andiamo Systems buy has given the networking company an inroad to the fiber channel Storage Area Networking (SAN) market.