Consolidations Continue as Cavalier Buys Talk America for US$251 mil.
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Consolidation within the U.S. telecoms industry continues with the acquisition of Talk America by the smaller, privately held company Cavalier Telephone & TV, announced on Friday. At US$8.10 a share, a 23% premium on Thursday's closing price, the deal is valued at US$251 ...
Portugal Telecom Unions Back Sonaecom Takeover Bid
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Unions at Portugal Telecom have opted to support Sonaecom's takeover bid rather than back the restructuring plan of the Portuguese incumbent's chief executive Henrique Granadeiro, the Jornal deNegcios reports. Granadeiro plans to reduce the company's workforce by 1,000 a year over the next three years, whereas ...
Mercora to Debut Mobile Music Service
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LOS ANGELES -- Mercora Inc., which distributes software for webcasting music, is making a bid for the bourgeoning mobile music market with a new application that enables users of select wireless devices to listen to tracks stored on PCs or other users' computers. The Santa Clara-based firm was to debut the service, dubbed ...
Say Hello to New Communication Twists
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SAN JOSE, California -- The world has instant messaging. Text messages. E-mail. Voicemail. Blogs. Online social networks. And the good old cell phone. But, if you thought there were enough ways to communicate with others, think again. At this week's DEMOfall 2006 conference in San Diego, a showcase of some of the most ...
A Step Toward Nanotelecom Technology
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Nanotechnology holds the key to developing mobile telecom products, including phones and wireless data devices, that are smaller than a shirt button. Such systems could be easily and inexpensively integrated into an array of items, ranging from clothing to credit cards to supermarket products to computer chips. In a step potentially ...
Palm Remains Upbeat on Q1 Profit
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Palm continues to remain profitable, but CEO and President Ed Colligan says the company's top line isn't good enough, and executives are determined to improve the company's competitive position in the coming months. Colligan's message came as the Sunnyvale, Calif., company yesterday reported revenue of ... $355.8... Sprint Nextel Readies Continued Reseller Court Fight
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The Sprint Nextel combination's legal battles with resellers continues to fester, and the merged company says it will fight an Illinois federal court decision ordering it to divest select Midwest wireless operations within 180 days. The wireless carrier will seek a stay and an appeal of the divestiture ruling by Judge Thomas ...
Dutch Treat: Netherlands Gov't Exits Telecom
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The Dutch government has become the latest legislative body to get entirely out of telecommunications, this morning selling off its last 8-percent stake in incumbent carrier Royal KPN NV and pocketing $2.7 billion. The cash is to be used to reduce the national debt. Elimination of the government's ownership of any part of ...
Sprint Pushes Dualmode Talk Button
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Sprint Nextel Corp. is gearing up to launch its first dualmode CDMA/iDEN cellphones soon, according to a Sprint VP. The devices could be particularly useful to enterprise users that have long depended on the reliability and range of the walkie-talkie-like push-to-talk (PTT) service on the iDEN network. Sprint Nextel first ...
Vendors Unite for IMS Pitch
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Cisco Systems Inc., Nokia Corp., and Siemens Communications Group are working together to bid for a monster IMS (IP Multimedia Subsystem) engagement at France Telecom SA, according to industry sources. The vendors have formed a consortium to respond to a wide-ranging RFQ (request for quotation) from France Telecom that covers...
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