Nortel Global Operations Center in Istanbul

Nortel opened a new Global Operations Center of Excellence in Istanbul to help provide enhanced technical support services to its service provider customers around the world. The facility provides technical and operational support to Nortel customers deploying next-generation mobile, converged, metro Ethernet and optical networks. This includes product support for global customers, network technical support for customers in North America, and network integration and technical support for customers in Europe, the Middle East and Africa. http:/...

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Verso to Acquire sentitO for VoIP Gateway

Verso Technologies agreed to acquire privately held sentitO Networks, a supplier of voice gateways, for approximately 7.7 million restricted shares of Verso common stock, 2.2 million of which are subject to escrow provisions, and warrants to purchase approximately 841,000 shares of Verso common stock, subject to certain conditions and approvals. Shares in Verso (Nasdaq: VRSO) traded on Thursday at $0.96.Founded in 2000, sentitO supplies open and...

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Alcatel-Lucent Supplies IP Communications for Russia's Gazprom

Alcatel-Lucent has delivered a state-of-the-art IP communication solution for Gazprom neft, Russia's fastest-growing oil company. The installation serves more than 3,000 employees at Gazprom's oil processing factory in the city of Omsk. Based on the Alcatel-Lucent OmniPCX Enterprise IP telephony platform, the solution includes Alcatel-Lucent's newest VoIP handsets. All nodes of the network are interconnected to ensure a feature rich environment and to unite existing systems into a single, integrated enterprise communication platform. Alcatel-Lucent...

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Nokia Siemens Networks Supplies GEPON to Indonesia's Biznet

Nokia Siemens Networks will supply its Gigabit Ethernet Passive Optical Network (GE-PON) technology to the Indonesian Internet provider Biznet.Biznet, Indonesia's premium ISP and data center provider, has launched new FTTH access service based on Siemens Surpass hiX 5404 -- Optical Network Termination (ONT) and Siemens SURPASS hiX 5430: Optical Line Termination (OLT) GE-PON (Gigabit Ethernet -- Passive Optical Network) technology.Biznet MetroNET...

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Pipex Wireless Selects Nokia Siemens Networks for WiMAX

Pipex Wireless, a new venture formed in April 2006 by Pipex Communications and Intel Capital to develop and roll-out a WiMAX network into the UK market, has selected Nokia Siemens Networks as a key partner.Pipex Wireless will use Nokia Siemens Networks' equipment, services and networking expertise to widen its roll-out of WiMAX powered broadband wireless services nationwide. Pipex Wireless and Nokia Siemens Networks are now working on equipment...

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Digital Music Group (DMG) to Sell Content on Amazon Unbox

Digital Music Group, a content owner and global leader in the digital distribution of independently owned music, television, film and video catalogs, will begin offering its television and film content through Amazon Unbox.DMGI currently controls the digital distribution rights to more than 4,000 hours of video content.Amazon Unbox is the latest in a growing list of digital video services added to the DMGI distribution network that includes YouTube, the iTunes Store, Google Video, and In2TV, among others. http://www.dmgi.com/videohttp://www.am...

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Veraz Networks Completes IPO

Veraz Networks Inc. completed an initial public offering (IPO) and began trading on NASDAQ under the symbol "VRAZ". Veraz is a leading global provider of IP softswitches, media gateways and digital compression products that enable voice, video and other multimedia services. ECI Telecom Ltd. holds approximately 40% of Veraz.Veraz priced its initial public offering on NASDAQ at $8 per share (before underwriting discounts), expecting to raise gross proceeds of $54 million (before underwriting discounts and expenses), selling 6,750,000 shares. In...

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Nokia Makes Patent Payment, QUALCOMM Files Arbitration Demand

Nokia made a payment of US$20 million to QUALCOMM for patent licenses covering the second quarter 2007. Nokia and QUALCOMM have had patent license agreements since 1992 and Nokia's obligations to pay license fees under the old agreements partially expire on April 9, 2007. Nokia said the payment announced today does not extend, and is not related to, the old agreement. Rather, it is based on the licenses that QUALCOMM has agreed and provided through the European Telecommunication Standardization Institute (ETSI)."As we continue to negotiate the...

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Cantata Names Timothy L. Murray as CEO

Cantata Technology announced the appointment of Timothy Murray to the position of CEO, replacing Marc Zionts, who will remain with the company in an advisory capacity, serving as Vice Chairman. Murray spent more than 20 years in senior executive positions at AT&T, including as Executive Vice President, Business Service Operations; President, Business Network Services; and, Vice President, Middle Market Business Unit. Prior to joining Cantata Technology, Murray held the positions of President and CEO of Cross Match Services, a leading provider...

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Mintera Ships its 40 Gbps Optical Transport Platform

Mintera, a start-up based in Acton, Mass., announced its flagship product, the MI 40000XS, is shipping to customers in the North America and EMEA regions. Mintera's MI 40000XS is the company's 40 Gbps DWDM transport subsystem and is already shipping to customers in the Asia Pacific region.Mintera's new platform features a patent-pending spectrally efficient modulation format and built-in adaptive dispersion mitigation technology to deliver improved...

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Network Equipment Technologies Cites Stronger Sales

Citing strong sales activity in the second half of its fiscal year, Network Equipment Technologies now expects 2007 fourth quarter revenues to be in the range of $24.7 to $25.2 million, which is more than 80 percent greater than the same period of fiscal 2006. The company had forecast revenues for its 2007 fourth quarter in the range of $22.5 to $24.5 million. Ending cash for the quarter is expected to be approximately $90 million, as compared to its guidance of approximately $85 million. The higher cash balance is due both to increased sales and...

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