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Covad acquisition Completed

May 5, 2008 Covad News

Platinum Equity has completed the acquisition of Covad Communications Group on april 15th. The total value of the transaction is approximately $470 million. The acquisition was a public-to-private transaction in which an affiliate of Platinum Equity acquired all outstanding shares of Covad stock for $1.02 per share in cash. The company previously traded on the [...]

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Japanese prefer e-mail and the Internet to telephones

December 3, 2007 Avaya News (NYSE:AV)

 About half of Japanese consumers prefer email and the Internet to telephones when contacting companies. A recent research commissioned by communications software provider Avaya and conducted by a research company callcentres.net, Avaya Contact Centre Consumer Index Japan 2007, concluded there is a growing preference for Japanese consumers to interact with companies via the internet and [...]

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PAETEC McLeodUSA acquisition approved by FCC

November 27, 2007 Paetec News (NASDAQ GS: PAET)

PAETEC Holding Corp. (NASDAQ GS: PAET) announced that it and McLeodUSA Inc. have received Federal Communications Commission (FCC) approval required in connection with PAETEC’s proposed acquisition of McLeodUSA. On September 17, 2007, PAETEC announced that it and McLeodUSA had entered into a definitive merger agreement. As previously announced, the companies have received notice from the [...]

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TelePacific Communications impressive growth

November 20, 2007 TelePacific Communications News

TelePacific Communications, a provider of business telecommunications solutions based in California, announced today it has been named to the “Fastest Growing Private Companies in Los Angeles” list. The Los Angeles Business Journal placed TelePacific in the top 100 companies, based on its growth from 2004 to 2006. During that period, TelePacific experienced an impressive 235% [...]

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Nortel Q3 2007

November 7, 2007 Nortel News

Nortel* Networks Corporation [NYSE/TSX: NT] today announced results for the third quarter of 2007 prepared in accordance with United States generally accepted accounting principles (GAAP) in U.S. dollars. Results were again driven by solid operating and gross margin expansion, evidence of the continued traction of the Company’s business transformation program. “Nortel achieved solid results this quarter [...]

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Time Warner Telecom reports strong Q3 2007

November 7, 2007 TW Telecom News

Time Warner Telecom Inc. (NASDAQ: TWTC), a leading provider of managed voice and data networking solutions for business customers, today announced its third quarter 2007 financial results, including $274.8 million of revenue, $86.4 million in Modified EBITDA1 (“M-EBITDA”) and a net loss of $11.6 million. “We continue to deliver strong enterprise revenue growth, drive sales [...]

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Covad to be acquired by Platinum Equity

October 29, 2007 Covad News

Update: see Covad Megapath Merger Covad Communications Group Inc., (AMEX: DVW), a leading national provider of integrated voice and data communications, today announced that it has signed a definitive agreement to be acquired by Platinum Equity in an all-cash transaction. Under the terms of the agreement, which was unanimously approved by Covad’s Board of Directors [...]

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Avaya acquisition completed

October 26, 2007 Avaya News (NYSE:AV)

Avaya Inc., Silver Lake and TPG Capital today announced that Silver Lake and TPG Capital have completed the acquisition of Avaya in a transaction valued at approximately $8.3 billion. “Today marks the beginning of an exciting new era for Avaya,” said Lou D’Ambrosio, president and CEO, Avaya. “As a private company, working with Silver Lake [...]

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Avaya Q4 and fiscal year 2007 results

October 19, 2007 Avaya News (NYSE:AV)

Avaya Inc., (NYSE:AV) a leading global provider of business communications applications, systems and services, today announced net income of $35 million and earnings per share of 8 cents for the fourth fiscal quarter of 2007 on a U.S. generally accepted accounting principles (GAAP) basis. This compares with net income of $48 million and earnings per [...]

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