After investigations by the Associated Press and the Electronic Frontier Foundation led them to believe Comcast was blocking traffic from peer-to-peer websites like Bittorrent, the cable TV company said yesterday that it did not block or monitor traffic, but did delay some P2P traffic because the increasing amount of P2P traffic tends to drag on […]
Two major carriers reported third-quarter earnings today, and there were few surprises on either front. AT&T reported net income near $3.1 billion and profit 41.5% higher than the same quarter in 2006. The launch of the iPhone and the acquisition of Bell South were the most obvious contributors to growth. It’s also worth noting AT&T […]
Microsoft said it will pay $240 million for a tiny 1.6% stake in Facebook, a deal that would correspondingly value Facebook at $15 billion overall, or about $5 per user for a company that currently generates only $150 million in revenue. In related news, Facebook’s founder just finished slamming carriers in a keynote at […]
Verizon Communications announced this week a symmetrical 20 mbps upstream/downstream broadband access service, the latest move by broadband service providers to redefine their services into speed tiers. The service is $64.99 with VoIP service, and $109.99 is customers sign up for a FiOS TV package, voice service and the new symmetrical plan.
Amid the controversy generated […]
Nokia Siemens Networks has moved to acquire carrier Ethernet specialist Atrica, giving the joint venture mega-vendor a stronger foothold in one of the most dynamic wireline technology markets around. NSN has been hounded by poor performance and even an admission by the new CEO of Siemens that the German company was disappointed in the venture […]
As the company warned recently, Ericsson posted a disappointing earnings report today, saying net income fell 36% to its lowest point in three years, while sales were up, but missed most analyst estimates. On the potentially bright side, Ericsson said young rising star executive Hans Vestberg, head of the Ericsson Global Services, would take over […]
Comcast reported third-quarter profit that fell 54% from the same quarter last year to roughly $560 million, though revenue was up 21% to $7.78 billion. The company acknowledged that competition from telcos and satellite TV companies was having an effect, particularly as those firms have upped their marketing ante after Comcast originally took customers from […]
Verizon Communications told Congressional investigators looking into the federal government’s domestic eavesdropping scandal, the telco has provided the government with information about customers’ call patterns hundreds of times since 2005–without requesting the government obtain a court-ordered warrant for the data. Verizon defended its actions by saying it didn’t want to delay security activities in which […]
Is Nortel Networks eager to move beyond years of financial scandal? The company moved quickly to settle a lawsuit with the Securities and Exchange Commission for $35 million yesterday, on the same day the SEC filed the lawsuit. The charges stem from allegations the company resorted to accounting fraud between 2000 and 2003 to cover […]
Black Box, a company based in Lawrence, Penn., said it is acquiring Spokane, Wash.-based B&C Telephone for an undisclosed sum. Black Box has made several acquisitions of business-focused telecom firms in the last two years or so, including NextiraOne, NuVision and others. However, the company also saw its CEO resign earlier this year, and was […]
