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Level 3 CEO James Q. Crowe to Speak at the 16th Annual Citigroup Entertainment, Media and Telecommunications Conference James Q. Crowe, chief executive officer of Level 3 Communications, Inc. (Nasdaq: LVLT), will make an investor presentation at the 16th Annual Citigroup Entertainment, Media and Telecommunications Conference in Phoenix, Arizona on Monday, January 9th. Mr. Crowe's presentation is scheduled to begin at approximately 11:05 a.m. Mountain Standard time. A Web cast will be available both live and archived on Level 3's investor relations Web site at http://www.Level3.com/582.html....
ECtel Concludes its Participation in Israeli Office of the Chief Scientist R&D Grant Programs ECtel Ltd. (NASDAQ: ECTX), a leading global provider of Integrated Revenue Management™ (IRM™) solutions has agreed with the Office of the Chief Scientist of the Israeli Ministry of Industry, Trade and Labor (“OCS”) to conclude its outstanding balance to the OCS which sponsored research and development grant programs for its FraudView® solution. ECtel will repay approximately $2.8 million of outstanding grants in four quarterly installments during 2007. The repayment will result in a one-time charge in the fourth quarter of 2006 and the Company expects a positive impact on earnings during 2007 and in the following years. Management based its...
Level 3 To Acquire Progress Telecom For $137 million Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that it has signed a definitive agreement to acquire all of the membership interests of Progress Telecom LLC, a regional wholesale network services company based in St. Petersburg, Florida. Progress Telecom, LLC is jointly owned by Progress Energy, Inc. (NYSE: PGN) and Odyssey Telecorp, Inc. Under the terms of the agreement, Level 3 expects to pay total consideration of $137 million, consisting of $68.5 million in unregistered shares of Level 3 Common Stock and $68.5 million in cash. The number of shares to be delivered will be determined immediately prior to closing....
McLeodUSA Announces Completion of Financial Restructuring, Emergence from Chapter 11, Appointment of Royce J. Holland as CEO McLeodUSA Incorporated announced today that its Joint Prepackaged Plan of Reorganization (the "Plan") became effective on Friday, January 6, 2006, and that the Company has emerged from Chapter 11. As previously reported, McLeodUSA's Plan was approved by the United States Bankruptcy Court for the Northern District of Illinois on December 16, 2005, after having received the affirmative vote of more than 90 percent of the creditors who voted on the Plan. The Company also announced that it has named Royce J. Holland as the Company's new Chief Executive Officer. Mr. Holland brings more than 30 years experience in the telecommunications,...
MetTel First National CLEC to Integrate With UCN Network and Offer On-Demand inContact Application Services UCN, Inc. (OTC Bulletin Board: UCNN - News), a provider of on-demand contact handling software and business telecommunication services delivered over the UCN national VoIP network, today announced a partnership with MetTel (Metropolitan Telecommunications), a competitive local exchange carrier (CLEC) based in New York City. Under the terms of the signed agreement, the two companies will interconnect their respective networks, enabling MetTel to sell UCN's inContact(TM) application services into its customer base. With this announcement, MetTel customers gain access to leading edge, hosted contact handling capabilities that improve customer contact quality and rep productivity, without having to take on the...
911 Enable Joins Level 3 Technology Alliance Program 911 Enable, a leading provider of 911 solutions for enterprises, businesses and service providers, has joined the Level 3® Technology Alliance Program (TAP). The business partnership will result in a pre-certified 911 service that will enable Level 3 customers to incorporate 911 Enable's award-winning solutions in a quick and effective manner. The strength of the TAP is in bringing together quality services in a dynamic environment that creates synergy between participants. Level 3 customers can draw on a valuable resource through the TAP, reducing time to market and simplifying business practices. “We are pleased to include 911 Enable into the...
Tata Communications and Bharti Telesoft to Launch Intelligent CAMEL eXchange Tata Communications introduces next generation service globally, following its Beijing success Tata Communications announced a partnership with Bharti Telesoft, a leading mobile VAS solution provider, today resulting in the launch of its Intelligent CAMEL eXchange (ICX), a value-added service that enables mobile operators to significantly reduce the time frame, cost of implementing, and maintaining CAMEL roaming relationships. In August 2008, Tata Communications offered its ICX service on a limited-availability basis to four of the world’s largest mobile network operators, allowing them to open up CAMEL-based roaming to one of China's largest mobile phone operators in time for the Beijing Olympic...
Level 3 Selects Atreus Systems for (3)VoIP(SM) Technology Alliance Program Atreus Systems(TM), the premier supplier of provisioning software for VoIP and advanced IP services, today announced that it has been selected by Level 3 Communications (Nasdaq: LVLT) to participate in its (3)VoIP Technology Alliance Program (TAP). The (3)VoIP TAP program unites Level 3 with a select group of technology vendors to help service providers quickly deploy services interconnecting with the Level 3 network. Participation in this alliance validates that Atreus' software is interoperable with Level 3's current application programming interfaces for its (3)VoIP services. "As a recognized leader in VoIP service provisioning, Atreus adds value to the (3)VoIP TAP program...
DBS Communications Launches MVNE Division; Versent Mobile(SM) enables brand growth with private-label mobile wireless communications solutions DBS Communications Inc. (DBS), an independent provider of prepaid wireless services since 1998, today formally announced the launch of its enablement division, Versent Mobile, to serve the fast growing private label wireless MVNO (mobile virtual network operator) space. Versent Mobile enables private label wireless offerings for organizations that lack the operational or technological infrastructure to wirelessly enable their own brands. The unique, essential elements Versent Mobile brings to MVNOs include a complete end-to-end enablement methodology; provisioning, billing, retail and customer care technology platforms; wholesale carrier airtime access on national GSM and CDMA networks; and proven operational expertise in designing, launching,...
NetScout Enhances Early-Warning System for Application Performance and VoIP Assurance NetScout Systems, Inc. (NASDAQ: NTCT), the industry pacesetter for advanced network and service assurance solutions, has recentlly announced availability of nGenius® Analytics Version 1.2. With this release, nGenius Analytics now includes features designed to proactively monitor VoIP quality metrics, application response time increases, and application utilization decreases – all critical aspects to assuring services and reducing Mean Time to Restore (MTTR) on today’s converged networks. “Today, network teams are being measured and compensated based on the speed with which they restore services. Tomorrow they can expect to be held accountable for averting problems before services are impacted,” said Michael Szabados,...