Telefónica to Raise Stake in China Netcom

Telefónica announced an agreement with AllianceBernstein to acquire an additional stake of up to approximately 5.74% of the share capital of the China Netcom. he acquisition will be structured in two tranches, (i) the first tranche will be in respect of shares representing approximately 2.71% of the issued share capital of CNC as of the date hereof, and (ii) the second tranche will be in respect of a number of shares in CHINA UNICOM LIMITED ("CU") issued after its merger with CNC in exchange of shares representing up to a 3.03% stakein CNC. After...

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Fonality Closes $12 Million for Open Source Systems

Fonality, which specializes in open source phone systems and contact center solutions for small and medium-sized businesses, has secured a $12 million financing round led by Draper Fisher Jurvetson Growth Fund with participation from existing investor Intel Capital. Fonality makes open source Internet-based telephony and unified communications solutions that tie together all forms of business communication -- instant message, landline calling, mobile calling, chat, voicemail, customer relationship management (CRM), e-mail and more -- into one unified...

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Nortel Cites 40G Wins with Bell Canada, Alaska Communications

Bell Canada has begun deployment of Nortel's 40G Optical Solution in its backbone network. Initial deployments are occurring within Bell's Montreal-New York, Toronto-Chicago and Toronto-Montreal traffic corridors. The solution, which co-exists within Bell's current 10G network. is built on Nortel's Optical Multiservice Edge 6500 and runs over the Nortel Common Photonic Layer line system. Financial terms were not disclosed.Separately, Nortel...

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ADC Reports Sales of $390 Million, Up 13% YoY

ADC's sales for its third fiscal quarter of 2008 were $390 million, up 13% from the third quarter of 2007 and down 3% from the second quarter of 2008. Excluding sales from the LGC Wireless and Century Man Communication acquisitions of $36 million and $35 million in the third and second quarters of 2008, respectively, adjusted sales in the third quarter of 2008 were up 3% from the third quarter of 2007 and down 4% from the second quarter of 2008.Sales outside the United States of $173 million increased 32% from the third quarter of 2007 and 3%...

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Ciena Posts Solid Q3 Revenues, Cautions on Q4 Outlook

Ciena reported revenue of $253.2 million for its fiscal third quarter ended July 31, 2008, representing a 5% sequential increase from fiscal second quarter 2008 revenue of $242.2 million, and an increase of 24% over the same period a year ago when Ciena reported revenue of $205 million. Ciena's net income (GAAP) was $11.7 million, or $0.12 per diluted common share. This compares to fiscal second quarter GAAP net income of $23.8 million, or $0.23 per diluted common share, and a reported GAAP net income of $28.3 million, or $0.29 per diluted share,...

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Aicent Raises Funding from Intel for 3G/4G/WiMAX Messaging Exchange

Aicent, a start-up based in San Jose, California, announced new funding from Intel Capital for its efforts to accelerate 3G and 4G global data roaming initiatives, including mobile WiMAX. Financial terms were not disclosed.Aicent currently provides data network, messaging and roaming solutions to more than 100 GSM and CDMA mobile operators worldwide, which serve over one billion mobile subscribers in aggregate. The company operates one of the world's largest multimedia messaging exchanges, and offers other value-added services to carriers.http://www.aicent.comAicent...

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Comscore: U.S. Catches Up with Western Europe in 3G Adoption

The United States has caught up with Western Europe in the adoption of 3G with 28.4 percent of American mobile subscribers having 3G devices versus 28.3 percent in the largest countries in Europe, according to a new report from Comscore.The number of U.S. subscribers with 3G enabled devices has grown 80 percent to 64.2 million during the past year.Comscore attributed the rapid adoption of 3G devices in the U.S. to the introduction of sleek devices...

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Cablevision Activates WiFi Zones in Long Island

Cablevision Systems has completed an initial rollout of its Optimum WiFi service in commercial and high-traffic areas of Nassau County, in areas of Suffolk County, and on the commuter rail platforms and station parking lots across all of Long Island. The service is provided as a value-added benefit for Cablevision's Optimum Online high-speed Internet customers.Cablevision in May announced plans to deploy WiFi in the commercial and high consumer traffic areas across its entire tri-state service area over the next two years. http://www.optimum...

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Alcatel-Lucent Receives Mobile WiMAX Certification

Alcatel-Lucent has been awarded the WiMAX Forum Certified seal of approval for its WiMAX 802.16e Compact Base Station at 2.5GHz. Alcatel-Lucent's infrastructure portfolio is made up of products that strictly comply with the 802.16e-2005 standard (also called Rev-e), which supports fixed, nomadic and mobile services. The company said its "Open CPE Program" is helping to accelerate the availability of terminals by encompassing comprehensive interoperability testing programs with WiMAX chipset and end-user device suppliers.To earn this certification,...

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Latest TiVo Records up to 150 hours of HD Content

TiVo introduced its HD XL Digital Video Recorder, featuring the ability to record up to 150 hours of HD content, THX certification, a Series3 premium backlit remote control and an included HDMI cable. Similar to TiVo HD, dual tuners allow subscribers to record two different shows in HD at the same time, while watching a third pre-recorded show. The unit uses a 1TB (1,000GB) hard disk drive.http://www.tivo....

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