Top
Site Search
Archives

Entries from January 1, 2008 - January 31, 2008

Thursday
Jan312008
DateThursday, January 31, 2008 at 2:25PM

EMBARQ Signs on as Reseller of HughesNet High-Speed Internet Service

Source: CenturyLink Press Release

EMBARQ (NYSE:EQ) has announced that it has signed an agreement with Hughes Network Systems, LLC (Hughes, NYSE:HUGH) to be a reseller of HughesNet(R) broadband satellite Internet access to EMBARQ business customers. Now EMBARQ business customers in certain rural areas of the United States will have high-speed Internet access comparable to the services available in other EMBARQ markets.

HughesNet gives business subscribers a fast, always-on Internet connection that allows them to surf the Web more quickly and download files in a fraction of the time it takes a dial-up modem, enabling small businesses to provide their customers with faster and better service.

"Selling HughesNet high-speed Internet service to the small-business owner is the latest initiative to highlight our commitment to this market segment," said Susan Sarna, vice president of marketing and product management for EMBARQ. "This service will help businesses in some of our rural communities increase productivity by giving their employees instant access to the Internet and the ability to download files faster, all while keeping phone and fax lines open."

HughesNet service is available in a variety of packages. With download speeds ranging from 700 Kbps to 2Mbps and a price range of $59.99 per month to $179.99 per month, this service is designed to fit the needs and budgets of all EMBARQ business customers.

"We are very pleased that EMBARQ will be selling our HughesNet services to their small business customers," said Mike Cook, senior vice president at Hughes. "In order for businesses to grow, they need broadband access no matter where they are located. HughesNet provides them with the capability to remain competitive and to take advantage of a massive range of online resources."

AuthorRyan Elberg | CommentPost a Comment | | | Print ArticlePrint Article
tagged , , , in ,
Tuesday
Jan292008
DateTuesday, January 29, 2008 at 5:07PM

Fairpoint Reaches Agreement With NH Union Telephone Company

Source: Fairpoint Press Release 

FairPoint Communications (NYSE:FRP) has announced it has reached an agreement with Union Telephone Company regarding the continuation of existing network management arrangements that Union Telephone Company currently has with Verizon (NYSE:VZ).

The agreement would become effective at the close of the proposed transaction relating to FairPoint’s acquisition of Verizon’s wireline business in Maine, Vermont and New Hampshire.

In signing the agreement, Union Telephone Company has indicated it is satisfied that FairPoint will continue to provide them with the same services that they currently received from Verizon, in a manner that will allow them to continue to provide the same high-quality service to their customers.

"As we move closer to the closing of the transaction, the support of our peers within the telecommunications space is further proof that this transaction is good for the citizens of New Hampshire, Maine and Vermont," said Gene Johnson, FairPoint’s chairman and ceo. "We look forward to working with Union Telephone to ensure that our shared customers continue to receive a consistent level of high-quality service."

AuthorRyan Elberg | CommentPost a Comment | | | Print ArticlePrint Article
tagged , , , in , ,
Friday
Jan252008
DateFriday, January 25, 2008 at 11:07PM

Shenandoah Adopts New Shareholder Rights Plan to Replace Existing Plan

Source: Shentel Press Release

Shenandoah Telecommunications Company (NASDAQ:SHEN) announced that its Board of Directors adopted a new Shareholder Rights Plan to become effective upon the expiration of its existing plan which was adopted in 1998 and is set to expire on February 8, 2008. The Rights Plan, which is similar to the Company’s previous plan and plans adopted by more than 1,800 publicly traded companies, is designed to protect the long-term value of all shareholders of the Company, and to deter coercive or unfair takeover tactics. The Plan’s adoption is not in response to any specific effort to acquire control of the Company, nor is the Board aware of any accumulation of the Company’s stock by any potential acquirer.

Details of the Rights Plan will be mailed to all shareholders of the Company. Additional information concerning the Rights Plan, including a copy of the Rights Agreement , will be filed as part of a Form 8-K with the Securities and Exchange Commission and will be accessible via the EDGAR database at www.sec.gov.

AuthorRyan Elberg | CommentPost a Comment | | | Print ArticlePrint Article
tagged , in ,
Thursday
Jan242008
DateThursday, January 24, 2008 at 5:00PM

Fairpoint Reaches Agreement With NH Public Utilities Commission

Source: Fairpoint Press Release

FairPoint Communications (NYSE:FRP) has announced an agreement has been reached between FairPoint, Verizon (NYSE:VZ) and the staff of the New Hampshire Public Utilities Commission (PUC) regarding FairPoint’s proposed acquisition of Verizon’s wireline operations in New Hampshire. The settlement agreement in New Hampshire is consistent with material terms of the amended stipulation agreement with the Maine PUC and the settlement agreement with the Vermont Department of Public Service and contains other terms and conditions specific to New Hampshire. In the agreement, FairPoint, Verizon, and the staff of the PUC recommend the New Hampshire PUC approve the settlement agreement.

FairPoint’s acquisition of Verizon’s wireline operations in New Hampshire is part of a larger, previously announced transaction in which FairPoint would also acquire Verizon’s wireline operations in Maine and Vermont. The license transfers in connection with the transaction have been approved by the Federal Communications Commission and the transaction has been approved by the Maine PUC, subject to receipt of a written order from the Maine PUC. The Public Service Board in Vermont has yet to rule on the settlement agreement entered into by FairPoint, Verizon and the Vermont Department of Public Service.

In addition to the key financial conditions in the amended stipulation in Maine and the key conditions in the settlement agreement with the Vermont Department of Public Service, FairPoint committed to additional conditions in New Hampshire which address capital expenditures, network and service quality improvement plans, broadband expansion and assurances of financial viability that will benefit the state.

AuthorRyan Elberg | CommentPost a Comment | | | Print ArticlePrint Article
tagged , , in , , ,
Tuesday
Jan222008
DateTuesday, January 22, 2008 at 4:40AM

SureWest Communications to Sell Wireless Assets to Verizon Wireless

Source: Surewest Press Release

SureWest Communications (Nasdaq:SURW) announced that it has entered into a definitive agreement to sell the operating assets of its Wireless business to Verizon Wireless (NYSE:VZ).

Under the agreement, Verizon Wireless will acquire the spectrum licenses and operating assets of SureWest Wireless, excluding SureWest’s more than 50-owned communication towers, for an aggregate cash purchase price of $69.0 million. Completion of the transaction is not subject to financing. As of the third quarter 2007, SureWest served over 50,000 wireless subscribers and its spectrum licenses covered a population of 3.8 million in the greater Sacramento area. The transaction, which is expected to close in the second quarter 2008, is subject to customary closing conditions and regulatory approvals, including approval by the Federal Communications Commission and the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The company expects to use the net proceeds from the transaction to repay indebtedness to be incurred in connection with its previously announced acquisition of Everest Broadband, Inc.

AuthorRyan Elberg | CommentPost a Comment | | | Print ArticlePrint Article
tagged , , , , in , , ,
Page 1 2 3 4 ... 4 Next 5 Entries »