Tag: Financial

The Securities and Exchange Commission (SEC) filed an amended complaint charging five additional former executives of Enron Broadband Services (EBS) ...

IDT Corporation terminated its proposal to acquire all outstanding shares of ITXC and said it will enter into negotiations with ...

Microcell Telecommunications, a Canadian wireless service provider, completed the bankruptcy reorganization process, reducing its total debt obligations by approximately C$1.6 ...

Tekelec and Santera Systems agreed to combine their next-generation switching businesses. Tekelec is a developer of telecommunications signaling solutions, packet-telephony ...

Nortel Networks and Redback Networks reached a settlement in their pending lawsuits. The case goes back to December 2001, when ...

In light of a new probe by the U.S. government's Committee on Foreign Investment, Hutchison Telecommunications decided to withdraw its ...

Allegiance Telecom, a facilities-based national CLEC headquartered in Dallas, Texas, is continuing negotiations with its creditors on a recapitalization plan. ...

France Telecom reported Q1 revenues of EUR 11.376, an increase of 7.3% compared to the year-earlier period. There was an ...

Alcatel reported Q1 sales of EUR 2.961 billion, down 31.1% year over year and down sequentially by 34.3%. Loss from ...

A U.S. Bankruptcy Court approved the sale of Globalstar's assets to ICO Global Communications for an investment of $55 million. ...

MCI recorded $2.03 billion in revenue for February and $2.1 billion for March. Operating income was $44 million in February ...

XO Communications named Carl J. Grivner as its new CEO, replacing Daniel Akerson, who resigned in January. Grivner most recently ...

At its annual company meeting, Verizon shareholders voted 59% in favor of a resolution, which the company had opposed, requesting ...