Cisco Takes 80% Stake in Nuova Systems for Data Center Solutions

Cisco Systems has committed certain technology and $50 million of funding to Nuova Systems, a start-up based in Santa Clara, California, with the possibility of up to $42 million in additional funding in the future. The subsidiary will be approximately 80% owned by Cisco, with the remaining 20% interest held by employees of the subsidiary. Sales from the subsidiary will be consolidated with the accounts of Cisco starting in fiscal year 2007.Cisco said it made the investment in Nuova to accelerate next-generation product development in the data...

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Andrew and ADC Terminate Merger Agreement

Andrew Corporation and ADC Telecommunications Inc. have mutually agreed to terminate the merger agreement announced on May 31, 2006 without liability to either partner. To effect the mutual termination, Andrew has agreed to pay ADC $10 million. In addition, Andrew has agreed that ADC would be paid another $65 million in the event Andrew effects a business combination transaction within 12 months."While we still believe in the convergence strategy, the merger of Andrew and ADC was only one method to execute against that," said Ralph Faison, president...

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Deutsche Telekom Plans Aggressive Price Cuts, Accelerated Move to IP Platform

In a press conference to review its half year performance, senior managers of Deutsche Telekom vowed to take a much more aggressive approach to competition in its domestic markets in the second half of 2006 with price cuts, bundled products and the launch of new services. The company is losing high-margin revenue in Germany while growing internationally where margins generally tend to be lower. DT plans to respond by defending its market share...

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T-Com Selects Ericsson for Broadband Rollout

Deutsche Telekom's T-Com broadband/fixed-network business unit has selected Ericsson's EDA solution for the expansion of its German broadband network. The rollout has already started for fiber-to-the-curb areas in Germany. Financial terms were not disclosed.Ericsson EDA is an IP-DSLAM solution. Under the agreement, Ericsson will deliver all nodes required for the different areas of the access network. Ericsson EDA will integrated into the existing T-Com network architecture, allowing the operator to increase coverage nationwide and increase...

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Sprint Nextel Suffers Outage in NYC

Sprint Nextel suffered an outage in the borough of Queens, New York that was attributed to water damage at a central office operated by Verizon Communications.The outage affected customers on the Nextel network and not the Sprint PCS network.The incident was first reported by Reuters.http://www.sprint....

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hanarotelecom Cites Gain in Broadband, Launches hanaTV

Korea's hanarotelecom announced a 21.2% gain in revenues to KRW 428.7 billion and a 22.4% increase in EBITDA to KRW 132.8 billion for the second quarter of 2006. The company reported a broadband net addition of about 30,000 subscribers in Q2, a turnaround from net decrease in the previous quarter. The number of voice subscribers has continued to grow by around 20,000 net subscribers per month on average.The company also noted the expansion of its 100 Mbps optical LAN coverage to 3.2 million households, which accounts for 60% of its apartment...

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Alltel Wireless Offers XM Satellite Radio

Alltel Wireless will begin offering XM Satellite Radio programming via mobile phone for $7.99 per month. The mobile phone application was developed by MobiTV. Alltel Wireless customers will receive audio streams of 20 popular commercial-free XM music channels including: The 70s, 80s and 90s decades channels, Top 20 on 20 (Top 20 Hits), Ethel (New Alternative Rock), The City (Hip-Hop/R&B Hits), XMU (Indie Rock), Bluesville (Blues), Highway 16...

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Juniper Finds Problems in Past Stock Option Practices

Juniper Networks issued a statement saying that its Audit Committee has reached a preliminary conclusion that the actual measurement dates for financial accounting purposes of certain stock option grants issued in the past differ from the recorded grant dates of such awards.Juniper now plans to restate historical financial statements to record additional non-cash charges for stock-based compensation expense related to past option grants. The company has not determined the amount of such charges, the resulting tax and accounting impact, or which...

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Axiom Signs Czech-based Vegacom as Reseller

Axiom Systems, which supplies service fulfillment software for telecommunication service providers, has signed Czech Republic-based systems integrator Vegacom as a Value Added Reseller for the company. The two companies join forces in order to provide regional service providers in the Czech Republic and Eastern European markets with Axiom Systems' 3rd generation AXIOSS OSS platform and Vegacom's integration expertise and consulting skills.http://www.axiom-eu....

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Sea Launch Prepares to Launch Koreasat 5 Satellite

Sea Launch is entering final preparations to launch the Koreasat 5 communications satellite on August 21 into an orbital position of 113 degrees East Longitude.Built by Alcatel Alenia Space in Cannes, France, the hybrid spacecraft carries 36 active transponders in multi-band frequencies. Koreasat 5 is owned jointly by the Agency for Defense Development of Korea and KT Corporation. The Agency for Defense Development has managed the military side of the Koreasat 5 program and the Joint Chief of Staff of Korean Armed Forces will operate SHF and Ka-band...

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