Patricia Fusco

PSINet Inc. Wednesday launched PSINet Ventures, a new Internet development branch funded with about $1 billion to invest in Internet start-up firms. The PSINet (PSIX) investment venture is designed to partner with innovative Internet entrepreneurs through direct minority equity investments during start-up financing. PSINet’s investment arm intends to target application service providers, content service providers, […]

ADC Telecommunications, Inc. Wednesday acquired PairGain Technologies, Inc. for an estimated $1.6 billion in a common stock transaction. The broadband integration firm intends to utilize the PairGain (PAIR) buy-out as the means to establish ADC (ADCT) as a leading supplier of digital subscriber line systems. The PairGain deal strengthens ADC’s DSL market position and also […]

Covad Communications Co. announced Tuesday it has won a summary judgement against Bell Atlantic Corp. in a patent infringement claim filed against the national digital subscriber lLine provider last year. Covad (COVD) was awarded the ruling from the Federal District Court in Norfolk, Virginia late last week. The court rejected Bell Atlantic’s (BEL) claim that […]

America Online, Inc. Tuesday tapped HomeGrocer.com as its Internet grocer of choice across its key AOL brands. The $60 million agreement makes Homegrocer.com a prime Wed destination for more than 21 million American Online (AOL) and CompuServe members. The five-year strategic alliance includes promotions at AOL.COM, Netscape Netcenter, Digital City and other AOL Web entities. […]

The Federal Communications Commission Friday denied the Internet Ventures, Inc. petition asking the federal regulators to enforce leased access rules on broadband Internet access. The California-based Internet service provider filed the petition with the FCC in June. IVI asked that the FCC invoke the “must carry” clause of the 1996 Federal Communications Act. The FCC […]

Good news for consumers looking to get a great price on digital subscriber line service in the SBC Communications, Inc. service area. New existing customers may sign-up for basic DSL Internet service from Southwestern Bell Internet Services, Pacific Bell Internet Services, or Nevada Bell Internet Services for under $40 a month. The SBC (SBC) deal […]

Consumer groups Wednesday sent a joint letter urging Congress to initiate a full hearing into the Federal Communication Commission’s failure to promote non-discriminatory access to broadband Internet access. Four national and state consumer groups asked Representatives John Dingell (D-MI) and Ed Markey (D-MA) to find out why the FCC has failed to promote open access […]

America Online Inc. and Kinko’s Wednesday teamed up to take on the small office, home office market. Under the multi-million dollar, five-year agreement, American Online (AOL) and Kinko’s plan to develop in-store “Internet Solutions Centers.” AOL products and services will be featured in Kinko’s stores nationwide. The centers are designed to provide computers with AOL […]

Espernet.com Tuesday notified its 43 Internet service provider partners that it was expediting their release from any further contractual obligations to the ISP roll-up efforts. Under a “no shop” provision, Espernet.com entered into a mutual release of the ISPs. The move discharged each party of any further rights, obligations, or liabilities to the other, under […]

America Online, Inc. is backing away from its commitment to open up access to proprietary cable networks. Prior to its January proposal to buy Time Warner, Inc. America Online (AOL) had been a longstanding proponent of open access to cable networks. According to the Wall Street Journal, AOL recently instructed its lobbyists to stop pushing […]

Metromedia Fiber Network, Inc. subsidiary AboveNet Communications, Inc. Monday initiated a $1.4 billion broadband infrastructure expansion plan. When completed, the expansion will light nearly 29,000 route miles of long-haul fiber in North America and Europe. The purely optical infrastructure will be capable of handling multi-terabit per second capacity in order to process bandwidth intensive applications. […]

Virginia Congressman Rick Boucher this week made a last ditch effort to rescue the Internet Ventures Inc. petition for “leased access” currently under review at the Federal Communications Commission. Rep. Boucher is currently in his ninth term in the U.S. House of Representatives where he is also a member of the House Commerce Committee and […]