The TelecomDirect News Daily Update
For January 24, 2006
Sprint Nextel Outlines Plans to Spin Off Wireline Unit
New Local Company, which is registered under the LTD holding
name, has submitted a filing to separate itself from its parent
company, Sprint Nextel. The company said that the spin-off will
be conducted through the pro-rata distribution of outstanding
shares of New Local Company to Sprint Nextel shareholders. Sprint
Nextel said that it...
Ericsson Completes Acquisition of British Telecom Marconi
LONDON -- Wireless equipment maker LM Ericsson completed
its US$2.1 billion acquisition of most of Marconi's assets
Tuesday, marking the end to share trading in a company whose
brand name traces its roots to the founder of radio.
Sweden-based Ericsson, the world's largest maker of wireless
network equipment, secured the...
Vodafone Reports Strong Customer and Revenue Growth
LONDON -- Vodafone Group PLC reported better than expected
customer and revenue growth Tuesday on the back of a strong
performances in Spain, the United States and emerging markets
-- offsetting stiff competition in its core European market.
The world's largest mobile phone company by revenues, under
pressure to show it...
Cingular Swings to Profit in Fourth Quarter
ATLANTA --Cingular Wireless LLC, the United States' largest cell
phone provider, swung to a profit in the fourth quarter on strong
subscriber and revenue growth. The Atlanta-based company said
Tuesday it earned $204 million in the three months ending
Dec. 31, compared to a loss of $495 million in the same period a
year ago. ...
IP PBXs Now the Preferred Choice of US Businesses
SCOTTSDALE, Ariz. -- US businesses have moved beyond
experimenting with IP solutions to incorporating them into the
fabric of their voice and data network strategies, reports
In-Stat. Many businesses have realized tangible benefits from IP
deployments and are increasingly expanding them, the high-tech
market research firm says....
Time Warner Invests in UK DSL
British incumbent BT Group plc (NYSE: BT - message board; London:
BTA) is coming under increasing pressure in two of its key
markets, broadband and telephony, as big brand names aim to
attract the hearts and dollars of Britain's consumers. Time
Warner Inc. (NYSE: TWX - message board) is to invest up to GBP120
million ($214 million) in...
Supremes Refuse RIM Petition
Anxious U.S. BlackBerry users are clutching their messagers close
to their chests now that the possibility really exists for their
wireless email and voice service to be shut down, even
temporarily. Earlier today, the U.S. Supreme Court denied
BlackBerry maker Research In Motion's petition for certiorari
asking for a review of issues...
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