Ericsson to Pay $1B in 2nd-Largest FCPA Case
“Through slush funds, bribes, gifts, and graft, Ericsson conducted telecom business with the guiding principle that ‘money talks.'"
Verizon Beats on Earnings But Shares Fall 2%
“They’re guiding flat EPS year-over-year, at a time when GDP is growing strongly and competitive intensity is so benign. It’s not very inspiring."
Cisco Adds HCS Capability With BroadSoft Buy
The $1.9 billion deal will give Cisco cloud-delivered communication tools to supplement its on-premise offerings.
Mattel Names Telecom Veteran as New CFO
Former Sprint CFO Joseph Enteneuer joins the toymaker as it attempts a turnaround after struggling "to keep pace in the digital arena."
Altice USA Announces Terms of $1.35B IPO
The listing of 6.5% of the company would result in net proceeds of about $330 million.
SEC Alleges Insider Trading on Telecom Deal
Traders allegedly made more than $1 million in illicit profits on the April 4 acquisition of General Communication Inc. by Liberty Interactive.
Consolidated Buys FairPoint to Expand Fiber Reach
The $1.5 billion deal will more than double the size of Consolidated's fiber-optic network to 35,000 route miles.
Zayo to Acquire Electric Lightwave for $1.4B
The deal continues a wave of telecom consolidation fueled by U.S. businesses' increasing demand for data and video.