Telecom News

Maine utility regulators says FairPoint Communications will begin paying customer rebates in March because of the company's poor customer service.

MELBOURNE, FLA. : Harris Corp. has named P. Harris Morris as president of the Broadcast Communications business.

Cablevision Systems Corp. is splitting into two, returning the company to its roots as mainly a provider of subscription TV.

Windstream Corp. of Little Rock said Monday that it had completed its $647 million acquisition of NuVox Inc., a private competitive local exchange carrier based in Greenville, S.C. Windstream issued about 18.7 million shares of its common stock valued at about $187 million and paid about $280 million in cash as part of the deal, announced last year ...

Singapore Telecommunications Ltd. , Southeast Asiaa s largest phone company, reported third-quarter profit rose 24 percent on demand for mobile services at home and rebounding earnings from Indonesia.

The prosecution of a Swedish man charged with breaching the computer networks of NASA and Cisco Systems and making off with sensitive source code will be transferred to Swedish authorities, US federal prosecutors said Monday.

Nortel Networks Corp. says it has reached a deal with its pensioners and employees on long-term disability.

BT has revealed it is in discussions with telecoms regulator Ofcom about opening access to its ducts and telegraph poles to other broadband providers so they can install their own next-generation broadband fibre lines.

Financially troubled FairPoint Communications Inc. has submitted its bankruptcy reorganization plan after two months of delays.

Nokia Corp. said Monday it will lay off 285 people in Finland, as the world's largest mobile phone maker strives to cut costs and streamline operations.

Italian operator insists it is in the process of compiling a short list from a 'number of bidders'. Telecom Italia denied Thursday a report that only two bidders remained in the running for its stake in Telecom Argentina.

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Genpact Limited , a leader in managing business processes, today announced financial results for the fourth quarter and full-year ended December 31, 2009.

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: Air Products & Chemicals Inc., down $5.05 at $68.64 The industrial gas supplier made an unsolicited bid of about $5.1 billion for Airgas Inc.

The unemployment rate in the U.S. unexpectedly dropped to 9.7 percent in January, indicating the labor market may be poised to climb out of its deepest slump since World War II.

PAETEC Holding Corp. has unveiled plans for an expansive, high-tech data center in Andover, Mass., approximately 24 miles north of Boston.

Headquarters would use the Seneca Building Downtown, and also the Midtown parking garage would stay.

Nokia is on a roll after its stagnant 2009, with strong quarterly results and rising smartphone share.

Shares of Leap Wireless International Inc. took a hit Friday after a JPMorgan analyst downgraded the prepaid wireless service provider, saying a sale of the company would be "very challenging." The Wall Street Journal reported earlier this week that the company has hired bankers to explore a sale.

U.S. stocks rose, rebounding from the biggest losses since March, as investors speculated the European Union may come up with a solution for budget deficits in Greece and Spain and consumer credit dropped less than forecast.