Matt Carolan

The Federal Communications Commission on Thursday voted “tentatively” to reclassify wireline broadband services under existing regulatory structures. The move could have the effect of reducing regulations on major telecoms looking to roll out Digital Subscriber Line service nationally. The FCC announced that it has “tentatively concluded the wireline broadband Internet access services – whether provided […]

Nortel Networks Corp. on Wednesday announced two new product offerings to link enterprise contact centers to their customers via voice or telephone 24 hours a day. The new products are Interactive Voice Response (IVR) platforms featuring scalable hardware and software, employing Nortels PeriWorks graphical user interface tools. Nortel already offers a similar mid-market product with […]

Nortel Networks Corp. served up two pieces of bad news this week, announcing late Monday that the companys chief financial officer, Terry Hungle, had resigned over alleged illicit personal financial transactions, and said Tuesday that quarterly sales of telecom equipment were not going well. According to Nortel officials, Hungle allegedly made adjustments to his personal […]

Verizon Wireless on Monday announced that it has closed a deal to acquire certain assets of Dobson Communications Corp., a company that specializes in rural wireless services. The $465 million acquisition, which was originally announced in November, allows Verizon Wireless—the joint venture of Verizon Communications and Britains Vodaphone Group Plc—to expand its network in southeastern […]

AT&T Corp. announced on Monday that is has deployed a new optical network that is capable of righting itself quickly in response to failure or disaster, and will allow quicker provisioning of high-speed circuits for enterprise customers with direct access to the network. The new network is already carrying private-line, Internet, voice, data, and video […]

Early Wednesday morning, Cisco Systems Inc. released a statement stating simply that the company had beat earnings and revenue expectations for the second quarter. The statement was reportedly in response to a leaked internal memo. On Wednesday afternoon, the San Jose, Calif., company filled in the details on its earnings. Cisco officials said that revenue […]

Genuity, Inc. reported a fiscal fourth quarter loss Thursday, based on a large one-time charge for assets devalued by overcapacity in the networking market. The Woburn, Mass e-business network provider said that it recorded a special charge of $2.7 billion in the quarter, $2.6 billion of which was a non-cash charge to reflect a decrease […]

WorldCom Inc. on Thursday reported reduced earnings at WorldCom Group, its Internet, data and business phone division, and said continuing sluggish telecommunications spending requires lowered earnings forecasts for the year ahead. WorldCom Groups pro forma net profit, which excludes certain items considered normal business expenses under generally accepted accounting principles, was $384 million, or 13 […]

Cisco Systems, Inc.s better-than-expected earnings and revenue news slipped out a little early on Wednesday, as the network equipment maker said it had to respond ahead of the companys afternoon conference call to an internal memo it claims was “inadvertently” leaked. In a statement issued early Wednesday morning, Cisco said the internal memorandum had been […]

As expected, Sprint PCS on Monday lowered its subscriber targets for 2002. The nations fourth-largest digital wireless network operator also just missed analysts estimates for losses in its fiscal fourth quarter 2001. Sprints wireless division reported a pro forma loss of 32 cents per share, with a net loss of $328 million, on revenue of […]

Nortel Networks Ltd. and Motorola, Inc.s Broadband Communications Sector announced an agreement Monday to team up on developing a VOIP (voice-over-IP) solution to sell to cable operators who want to offer converged communications services of voice, data and cable programming over their broadband lines. While not exclusive, the alliance will entail coordinated sales and support, […]

Western Multiplex Corp. reported late Thursday a net loss for its fiscal fourth quarter, while meeting analyst expectations. The Sunnyvale, Calif. wireless network equipment maker reported a net loss of $11.3 million or 19 cents per share, compared to a net loss of $3.3 million and 6 cents per share in the same quarter last […]