Telecom News

Juniper Networks to pay $169M to settle stock options backdating lawsuit
Juniper Networks Inc. has agreed to pay $169 million to settle a 4-year-old lawsuit over mishandled stock options.
Marangi Likes Madison Square Garden on Cable Business: Video
Feb. 10 -- Christopher Marangi, an analyst at Gabelli & Co., talks with Bloomberg's Jon Erlichman about the prospects for Madison Square Garden Inc., which Cablevision Systems Corp.
Outsourcing provider Convergys switches CEOs
Business services outsourcing provider Convergys Corp. has changed its leadership.
Audiovox acquires Invision Industries
Mobile video and consumer electronics maker Audiovox Corp. said Tuesday it has acquired Invision Industries Inc., a maker of entertainment systems for backseat passengers.
Norway's Telenor posts 25 pct rise in Q4 profits
Norwegian telecommunications group Telenor ASA on Wednesday reported a 25 percent jump in fourth-quarter profits, primarily thanks to growth in Asia, but said it may have to cut costs this year to strengthen its finances.
Sprint May Buy MetroPCS to Win Prepaid Customers, Analyst Says
Sprint Nextel Corp., the third- largest U.S. wireless carrier, may buy MetroPCS Communications Inc.
FairPoint to pay Maine rebates beginning in March
Maine utility regulators says FairPoint Communications will begin paying customer rebates in March because of the company's poor customer service.
P. Harris Morris Named President of Harris Broadcast Division
MELBOURNE, FLA. : Harris Corp. has named P. Harris Morris as president of the Broadcast Communications business.
Spinoff Enables Direct Stake in Teams, Arena
Cablevision Systems Corp. is splitting into two, returning the company to its roots as mainly a provider of subscription TV.
Windstream Completes NuVox Purchase
Windstream Corp. of Little Rock said Monday that it had completed its $647 million acquisition of NuVox Inc., a private competitive local exchange carrier based in Greenville, S.C. Windstream issued about 18.7 million shares of its common stock valued at about $187 million and paid about $280 million in cash as part of the deal, announced last year ...
SingTel's Profit Gains 24% on Phone-Service Demand in Australia, Singapore
Singapore Telecommunications Ltd. , Southeast Asiaa s largest phone company, reported third-quarter profit rose 24 percent on demand for mobile services at home and rebounding earnings from Indonesia.
Sweden to prosecute alleged Cisco, NASA hacker
The prosecution of a Swedish man charged with breaching the computer networks of NASA and Cisco Systems and making off with sensitive source code will be transferred to Swedish authorities, US federal prosecutors said Monday.
Nortel reaches deal with pensioners
Nortel Networks Corp. says it has reached a deal with its pensioners and employees on long-term disability.
BT fibre broadband: 'We'll open our ducts if you do'
BT has revealed it is in discussions with telecoms regulator Ofcom about opening access to its ducts and telegraph poles to other broadband providers so they can install their own next-generation broadband fibre lines.
FairPoint Files Bankruptcy Plan 10min
Financially troubled FairPoint Communications Inc. has submitted its bankruptcy reorganization plan after two months of delays.
Nokia to ax 285 jobs in Finland
Nokia Corp. said Monday it will lay off 285 people in Finland, as the world's largest mobile phone maker strives to cut costs and streamline operations.
Telecom Italia denies only two bidders remain for Argentina stake
Italian operator insists it is in the process of compiling a short list from a 'number of bidders'. Telecom Italia denied Thursday a report that only two bidders remained in the running for its stake in Telecom Argentina.
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Genpact Reports FY '09 Revenues of $1.12 Billion, up 8%; Adjusted...
Genpact Limited , a leader in managing business processes, today announced financial results for the fourth quarter and full-year ended December 31, 2009.
American Axle, Tyson Foods, Corning are big movers
The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: Air Products & Chemicals Inc., down $5.05 at $68.64 The industrial gas supplier made an unsolicited bid of about $5.1 billion for Airgas Inc.
