Matt Carolan

The state of Rhode Island earlier this week announced that it would roll out technology allowing it to identify the location of certain wireless 911 calls within the state. Currently the program will work only with particular phones from Sprint PCS, but the state expects other carriers to test in and eventually join the system […]

America Online announced Tuesday the beta release of its new digital music subscription service, MusicNet 1.0, to be made available to AOL members in January. The cost of the new service will be $9.95 a month, for which subscribers will be able to access 100 music streams and 100 downloads per month. Currently AOL boasts […]

Nokias sales are heading back up. The Finnish mobile phone giant announced Tuesday that it is on track to meet or beat estimates for the fiscal 2001 fourth quarter, the results of which are scheduled to be announced in January 2002. Based on October and November developments, Nokia said it expects net sales growth of […]

Saying that it wants to reinforce its position in Japans growing Internet market and accelerate its strategy for reaching Japanese businesses seeking IP and data services, Cable & Wireless on Monday announced that it will acquire PSINet Japan. PSINet Japan has several thousand business customers, with points of presence in several key Japanese cities, and […]

Verizon announced Monday that it will sell its TSI Telecommunications Services subsidiary to the equity investment firm GTCR Golder Rauner, LLC for approximately $800 million. Tampa, Florida-based TSI, with 800 employees, serves nine of the ten largest wireless carriers in North America and 260 companies worldwide, providing roaming subscriber validation, call delivery and fraud management, […]

Agere Systems announced on Monday that it will sell its field programmable system chip (FPGA) product portfolio and all related software design tools to Lattice Semiconductor for $250 million in cash. Additionally, about 100 Agere employees will join Hillsboro, Oregon-based Lattice. “This acquisition provides Lattice with a unique opportunity to accelerate our previously announced intention […]

EarthLink on Friday announced that it will acquire the subscriber base and certain wireless infrastructure components of the troubled OmniSky Corporation. San-Francisco based OmniSky announced that it and its U.S. subsidiaries will file for Chapter-11 protection in the Bankruptcy Court for the Northern District of California in order to bring about the deal. Pending the […]

Global communications and information services provider Level 3 announced on Friday that it has reached agreement with McLeodUSA to acquire some of its Internet and data assets and wholesale dial-up Internet Service Provider customer base, formerly part of Splitrock Services, for $55 million plus the assumption of some company debt. Level 3 will pick up […]

Saying it wants to return to focus on its core business, Lockheed Martin is exiting the telecom services business. The aerospace giant announced Friday that it plans to begin selling off assets and reassigning employees of its Lockheed Martin Global Telecommunications (LMGT) services unit. “In view of continuing overcapacity in the telecommunications industry worldwide, and […]

VeriSign on Thursday announced a new series of services designed to help businesses register, protect and promote their brands and other intellectual property. Citing independent industry research, VeriSign noted that a typical large business owns 200 to 500 corporate, product and service identities, and exerts considerable resources registering, maintaining and defending them. That requires creating […]

The DES is dead. The AES will take its place. The Commerce Department announced on Tuesday that the federal government is replacing its aging Data Encryption Standard for securing sensitive unclassified information, first adopted in 1977, with a powerful new “Advanced Encryption Standard.” The standard is expected to be widely adopted by the private sector […]

Gerald M. Levin, the CEO of AOL Time Warner, is stepping down. The company announced Tuesday that Levin will retire following the companys annual meeting in May of 2002. Richard Parsons, the current co-Chief Operating Officer, will take over the post of CEO at that time. Robert Pittman who shared the COO post with Parsons, […]