Sprint Nextel Outlines Plans to Spin Off Wireline Unit
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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
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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
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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
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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
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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
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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
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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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