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September 5, 2008 2:51:03 AM CDT

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Stories related to: telecom industry

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  • November 2007

    • EU Eyes Single Telecom Market

      BBC  |  Nov 14, 07 8:25 AM CST

      EU Eyes Single Telecom Market

      (Newser) - Europe would be a single telecom market under a plan proposed by the European Commission, the executive arm of the EU, which argues that cheaper broadband and phone service is being held up by conflicting legislation and national monopolies in member countries. Under the plan, a regulatory body would oversee broadband, landline, and mobile business in all 27 EU countries. More »

      Tags

      Germany  • European Union  • Europe  • Spain  • telecommunications  • telecom industry

    • More Losses at Alcatel, and More Layoffs

      Financial Times (UK)  |  Nov 1, 07 11:22 AM CDT

      More Losses at Alcatel, and More Layoffs

      (Newser) - Alcatel-Lucent, the troubled Franco-American telecommunications company, announced yet more job cuts yesterday as the company posted its third consecutive quarterly loss. Alcatel had already planned to downsize by 12,500 employees, but another 4,000 will lose their jobs to reduce costs. 18 months after the French takeover of Lucent, reports the Financial Times , the merger has produced not a powerhouse but a slow-moving behemoth. More »

      Tags

      telecom industry  • Cisco  • Ericsson  • Alcatel Lucent  • Patricia Russo

  • October 2007

    • FCC OKs $24.7B Alltel Buyout to Private Group

      Associated Press  |  Oct 27, 07 11:34 AM CDT

      FCC OKs $24.7B Alltel Buyout to Private Group

      (Newser) - The FCC approved a $24.7 billion takeover of Alltel yesterday, but not without imposing some restrictions on the deal and criticism from two of its top officials. Alltel, the nation’s fifth-largest wireless carrier, will now transfer its licenses to TPG Capital and GS Capital Partners, a subsidiary of Goldman Sachs, and its shareholders will bank $71.50/share, the AP reports. More »

      Tags

      FCC  • acquisitions  • Goldman Sachs  • buyout  • Kevin Martin  • telecom industry  • Little Rock, Arkansas  • Alltell  • Michael Copps

    • Mergers Can't Keep Telecom From Free Fall

      BusinessWeek  |  Oct 23, 07 11:50 AM CDT

      Mergers Can't Keep Telecom From Free Fall

      (Newser) - This quarter was supposed to see the start of a fightback for the beleaguered telecommunications industry. But the bad news keeps coming: Ericsson has warned investors to prepare for a sharp drop in profits, Nokia is still losing money and firing thousands of workers, and Alcatel-Lucent is already seeking a new business plan after its recent merger. More »

      Tags

      Nokia  • telecom industry  • Ericsson  • Alcatel Lucent

    • Vonage Shares Soar 76% on Sprint Deal

      Bloomberg  |  Oct 8, 07 2:30 PM CDT

      Vonage Shares Soar 76% on Sprint Deal

      (Newser) - Vonage shares saw their biggest-ever bump today, after the company announced it has settled its patent lawsuit with Sprint for $80 million. In addition to cutting its legal losses, Vonage gains a license to use the disputed tech. “It's good in that things could have gotten worse,” one analyst told Bloomberg. “But it's not entirely positive because of the financial obligations.” More »

      Tags

      lawsuit  • Verizon  • telecommunications  • telecom industry  • Sprint  • patents  • Vonage

  • May 2007

    • More Americans Go Wireless

      San Francisco Chronicle  |  May 15, 07 11:10 AM CDT

      More Americans Go Wireless

      (Newser) - More and more Americans are bypassing landlines and using only cellphones, a new CDC survey says. The trend encompasses people of all ages and incomes, and it's especially pronounced among the young and the poor. One-eighth (12.8%) of all households use only a cellphone—up from 3.2% in 2003—and the proportion in the 25-to-29 demographic is nearly 30%. More »

      Tags

      cell phones  • wireless  • telecom industry  • telecom  • telephone  • communication

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