Marlin Equity Partners Acquires Sycamore Networks

Marlin Equity Partners, a Los Angeles California-based private investment firm with over US$1 billion of capital under management, completed its acquisition of Sycamore Networks. Financial terms were not disclosed. Sycamore Networks has been relaunched as a private company focused on intelligent optical networking and multiservice access solutions. The new Sycamore is headed by John Scully (president and CEO), who previously served as vice president...

Read More

TeliaSonera's CEO Resigns Following Uzbekistan Report

Lars Nyberg resigned as President and CEO of TeliaSonera following an outside review of  Mannheimer Swartling regarding illegal business practices by the firm in Uzbekistan.  While the review did not find evidence that TeliaSonera engaged in bribery or participated in money laundering, it did criticize TeliaSonera for not vetting its investment partners in Uzbekistan. TeliaSonera's Board of Directors has appointed Per-Arne Blomquist...

Read More

BT Super Fast Broadband Passing 100,000 Premises

BT's fibre broadband now passes more than 13 million premises across the UK and the network is passing around 100,000 additional premises every week. BT said take-up is growing strongly.  Around 1.25 million homes and businesses now using the fibre broadband service. The company is preparing to push into TV and Sport later this year. "Our engineers have worked tirelessly following some of the wettest weather on record. Not only did they complete...

Read More