Verizon Communications Inc. Monday closed its previously announced acquisition of Terremark Worldwide, Inc., growing Verizon's presence in the global managed IT infrastructure and cloud services market.
Terremark, which will continue to be based in Miami, will help fuel overall Verizon growth by accelerating the company's strategy to provide "everything-as-a-service" to business and government customers globally.
Nortel Networks Corporation announced Monday that it and certain of its subsidiaries have entered into a stalking horse (the starting point against which others will bid prior to the auction) asset sale agreement with Google Inc. for the sale of all of Nortel's remaining patents and patent applications for a cash purchase price of US $900 million.
Cisco Systems Inc. chief John Chambers, in a remarkably candid memo to employees, admitted the one-time technology bellwether and Wall Street darling has lost its way and will need to change to restore its credibility.
Chambers, one of Silicon Valley's most respected corporate chieftains, confessed in an internal email that the networking giant had been slow to make decisions, fallen down on execution and lacked discipline in an aggressive expansion.
China Mobile, China's largest mobile operator, has selected Spirent Communications to evaluate the performance of high density Fibre Channel Director Switches from major vendors in its evaluation lab. China Mobile will use Sprient's testing solution to ensure scalability, performance and reliability of storage area networks (SAN) for data centers in the selection of Fibre Channel switches.
Chinese telecom-gear maker Huawei Technologies Co. is a finalist for a contract to build out the fourth-generation (4G) wireless network for U.S. Cellular Corp., the country's sixth largest wireless carrier, the Wall Street Journal reported yesterday, citing "people familiar with the matter." Other finalists are L.M. Ericsson and Alcatel-Lucent SA.
Metaswitch Networks, supplier of network infrastructure and applications to network operators, today announced the acquisition of Colibria, provider of enhanced instant messaging, presence and network address book solutions. The acquisition will allow the companies to better provide Session Initiation Protocol (SIP)-oriented converged applications for operators.
Openet, provider of Subscriber Optimization Software (SOS) to tier one communications and media service providers, today announced that Juniper Networks has selected the company as a strategic partner, and will resell Openet’s policy management and charging platforms as part of Juniper’s MobileNext solution announced in February. Yesterday, Openet announced the latest version of its policy management software, Openet Policy Manager 4.0.
Telco Systems, a BATM company and provider of multi-service Carrier Ethernet access and demarcation solutions, announced today it has tested its Ethernet demarcation device against the DOCSIS Provisioning of EPON (DPoE 1.0) specifications as defined by CableLabs. The solution enables providers to offer commercial services and wireless backhaul over Ethernet Passive Optical Networks (EPON) with advanced operations, administration and maintenance mechanisms using their Data Over Cable Service Interface Specification (DOCSIS) back office.
Google announced Wednesday plans to build their first ultra high-speed Fibre-to-the-Home (FTTH) network in Kansas City, Kansas. The company has signed a development agreement with the city and will be working closely with local organizations, businesses and universities to bring a the network technology to the community and provide 1GB of access to every home.
The office of Attorney General Eric Schneiderman will undertake a thorough review of AT&T's acquisition of T-Mobile. The proposed merger would create the nation's largest wireless company with a total of 130 million subscribers nationwide, opening the door to a near duopoly shared by the merged firm and Verizon. The Attorney General will analyze the merger for potential anti-competitive impacts on consumers and businesses across New York State, he announced yesterday.