Colin C. Haley

Enterasys Networks will pay $17.4 million in cash and $33 million in stock to settle shareholder lawsuits related to an accounting scandal. In addition, the Andover, Mass., network equipment maker will adopt “corporate governance changes.” A spokesman was unable to offer specific measures. Neither Enterasys, nor its former executives or directors, was not required to […]

MCI is a step closer to emerging from the largest bankruptcy in U.S. history, after Sprint and others withdrew objections to the troubled telecom’s reorganization plan, court records show. The dissenters, peeved that certain classes of creditors received special treatment under the proposal, were satified after MCI raised payouts. In addition to Sprint , AT&T […]

Minnesota regulators are anxiously awaiting the full text of a recent court decision that effectively exempts Internet telephony provider Vonage from paying fees traditional telecoms are required to. “After we receive (the document), all the commissioners will have to read it and digest it,” Burl Harr, a spokesman for the Minnesota Public Utilities Commission (PUC), […]

AOL’s plan for low-price Internet access only underlines the fact that quality service can be had for around $10 per month, an executive with rival United Online said today. “It’s been a long time coming,” Brian Woods, United Online’s chief marketing officer, told internetnews.com. Adding AOL to the ranks of “value” Internet service providers, should […]

AT&T says it wrested a 2-year, $1.7 million contract to provide voice and data networking services to Erickson Retirement Communities away from Qwest Communications . Erickson will use AT&T’s Internet protocol virtual private network and managed Internet services to handle a database of its 10,000 residents. The records include dietary plans, doctor appointments and medical […]

Preparing to expand the reach of its Internet telephony services, Vonage has inked a multi-year transport, co-location and long distance deal with network operator Global Crossing. Financial terms were not disclosed. The pact is important for Vonage because it gives it a partner with reach and capacity. The Edison, N.J., firm currently provides broadband voice […]

Early news out of a major telecom trade shows in Switzerland is anything but neutral. As evidence of an industry uptick continues to mount, a slew of companies are trumpeting customer and technology announcements at ITU World Telecom. So far, however, the biggest news has come from a software developer, not a telecom company. Looking […]

Responding to service provider and consumer trends, Microsoft this morning unveiled new software to help telecom and cable network operators deliver paid services to viewers. Specifically, the company’s TV division has developed a new Internet protocol platform that uses video compression technology to reduce bandwidth requirements. The system, which uses software in set-top boxes as […]

Sonus Networks has posted strong third-quarter results, in part because of a previously unannounced order from AT&T . “The revenue mix this quarter was driven by four 10 percent customers,” Hassan Ahmed, president and CEO of the Westford, Mass., company, said in a conference call. To keep investors informed, SEC rules require public companies to […]

BOSTON — Richard Breeden, the man appointed to put WorldCom (which now goes by MCI) on ethical footing, doesn’t mince words assessing the telecom’s former CEO. “Bernie Ebbers was as incompetent and unqualified to be a CEO as anyone who has ever held that post,” Breeden said at the Compliance Solutions trade show. WorldCom directors, […]

Not all balloting in California today was suspenseful. At a special meeting in Pasadena, Overture Services stockholders overwhelmingly voted to accept Yahoo!’s acquisition bid at a special meeting today. The offer, valued at $1.63 billion in July, which helped to stoke an already hot search sector. Final paperwork in the merger between the Pasadena, Calif., […]

Time Warner Cable has licensed Gemstar-TV Guide’s interactive program guide (IPGs) to make it easier for viewers to sort through 200 digital channels. Neither the duration nor value of the contract was disclosed. The deal’s structure is flexibile. The cable operator can provide its systems with a version of TV Guide Interactive, Gemstar-TV Guide’s IPG, […]