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Financial News

Latest Headlines

Latest Headlines

Integra taps tw telecom veteran Willency as new CEO, replaces Guth

Integra has named telecom industry veteran Marc Willency as its new CEO, taking over the reins from Robert Guth, who was serving as the company's interim leader.

AT&T takes $427M in CAF II funding, sets plan to bring wireline, wireless broadband to 18 states

AT&T has joined fellow Tier 1 telco CenturyLink, Consolidated Communications and others in accepting $427 million annually in phase two of the FCC Connect America Fund (CAF-II) program, allowing it reach 2.2 million rural locations in 18 of the 21 states in its operating territory with broadband services.

AT&T awarded $250K judgment from sham CLECs

AT&T has been awarded a $250,000 judgment from three fake CLECs that were created to bill service providers for services they never provided.

CenturyLink to cut 150 workers in Colorado, sets focus on managing expenses

CenturyLink announced that it has let go nearly 150 employees in Colorado, or 2.5 percent of its workforce, from the company. The latest job cuts, which are part of a broader effort to lay off a total of 1,000 employees, are being implemented to tighten its purse strings.

Consolidated's Childers says 80 percent of revenue comes from business, broadband services

Consolidated Communications is seeing the fruits of its ongoing transformation from another Tier 2 provider of voice to a next-gen IP service provider, with a senior executive saying that 80 percent of its revenue comes from broadband and business services.

CenturyLink accepts $500M in CAF II funds, plans to extend broadband to 1.2M rural households

CenturyLink is accepting $500 million in the second phase of the FCC's Connect America Fund (CAF-II), enabling it deliver broadband services to about 1.2 million rural households and businesses in 33 states over the next six years.

Charter investor sues over TWC/Bright House purchase, alleges Liberty is getting sweetheart deal

A Charter Communications investor is trying to spur a class-action lawsuit against the company, alleging that Liberty Broadband has been granted unfairly discounted share prices as part of Charter's pending purchases of Time Warner Cable and Bright House Networks.

Maker Studios misses its first earn-out mark, sees just half of expected $200M

Maker Studios' payout from Disney, a year after its acquisition, will be somewhat smaller than the potential $450 million that was on the table at the deal signing. The multichannel networks' backers will instead see a just $105 million of an initial earn-out that could have reached $200 million.

AT&T, Intel, Apple push to bring more women into developing

By Caroline Lewko's estimate, less than 10 percent of developers are women-- and she's excited about that. Lewko, who is the CEO of Wireless Industry Partnership, a company that supports mobile developers, said the number of women working as developers is slowly growing.

VSG: Charter's pending TWC deal could shake up Ethernet services market

If Charter Communications is successful in acquiring fellow cable MSOs Time Warner Cable and Bright House, it could alter the dynamics of the Ethernet market once again.