Colin C. Haley

Bivio Networks has raised $16.5 million in fourth-round venture financing and signed a new original equipment manufacturer agreement with security specialist Demarc. The backing, which comes from previous Bivio investors Goldman Sachs, InterWest Partners, Storm Ventures and Venrock Associates, will be used for new product development, customer support and sales and marketing. It will be […]

Russian technological achievement and political progress were on display at a recent Mass. Software Council (MSC) meeting in honor of keynoter Mikhail Gorbachev. MSC officials, justifiably proud of landing the former Soviet president and Nobel Peace Prize winner, noted the April anniversaries of Gregarian’s space flight (1961) and Gorbachev’s perestroika reforms (1985) during the event. […]

Tyco’s plan to sell its undersea fiber-optic network to an Indian carrier has passed national security muster with U.S. officials. The sale of the network to Videsh Sanchar Nigam Limited (VSNL) for $130 million does not threaten national security, a U.S. panel ruled. The approval clears the way for the Indian telecom and broadband service […]

BOSTON — After their first face-to-face meeting in 1985, President Ronald Reagan and President Mikhail Gorbachev were debriefed by their diplomatic delegations. Each man was asked to assess his Cold War counterpart. Reagan called Gorbachev a “die-hard Bolshevik”; Gorbachev saw Reagan as “a real dinosaur.” Not a good start. Fortunately, they got past first impressions. […]

Ericsson said today that it has won a third-generation network services contract from Malaysia’s largest mobile carrier. The Swedish telecom equipment maker will operate Maxis Communications’ 3G network for 18 months before turning over operations. During the transition period, Ericsson will train Maxis employees run the network and develop performance benchmarks and service level agreements. […]

Carlos Slim Helu has been a problem for Verizon . MCI’s largest shareholder has criticized Verizon’s $23.50 per share takeover bid for the network services provider. But then Verizon offered Helu $25.72 per share for his 43.4 million MCI shares. Problem solved. “While this was an opportunity for us to purchase a block of shares […]

Philippe Germond, president and COO of Alcatel , will submit his resignation at the April 19th board of directors meeting, the French telecommunications equipment giant announced today. A company spokesman was not immediately available to comment on the reason for Germond’s decision or whether the executive will continue his duties until the meeting. In a […]

A lot has happened in technology venture capital since John Malloy co-founded BlueRun Ventures (BRV) in 1998. The industry simmered, sizzled and boiled over. But with a resurgent M&A market and indications that IPOs are coming off their long Wall Street probation, institutional investors are seeing the exits opening up again (although there’s still plenty […]

Motorola has opened a new research and development facility in India, underlining that country’s increasing role in the global IT economy. Engineers at Motorola Labs will focus on converged networks, autonomic networking, enterprise applications and embedded systems. The work will support Motorola’s larger seamless mobility strategy. This will be the 11th Motorola Lab worldwide. The […]

Looking to capitalize on its large subscriber base and reputation for making new technology easy to use, America Online (AOL) today introduced Voice over IP service in 44 U.S. markets. The announcement from the Dulles, Va.-based ISP comes as researchers predict that the number of U.S. VoIP subscribers will jump from 3 million this year […]

In a move to increase its footprint in a consolidating industry, Cablevision has reportedly made a $16.5 billion cash offer for the assets of bankrupt Adelphia Communications . The Bethpage, N.Y., company is currently bidding without the aid of buyout Firms. However, it might engage institutional investors, the Wall Street Journal reported today. Jim Maiella, […]

MCI has rejected the latest takeover bid from Qwest , citing “uncertainties” surrounding the Denver regional carrier’s $8.9 billion offer. Instead, the Ashburn, Va., long-distance and network services provider remains committed to Verizon’s $7.6 billion merger plan. Questions about Qwest’s synergy estimates, ability to close the deal and Long-term financial prospects were among the reasons […]