Alcatel-Lucent plans to use the €1.6 billion ($2.1 billion) in bank financing it secured last week to fund its €1.25 billion ($1.6 billion) restructuring program as well as the restructuring of unprofitable managed services contracts and exiting of geographic markets.
Sonus Networks reported positive second-quarter earnings as it returned to profitability after a first-quarter loss. The company posted $61.9 million in revenues, and though that figure is off
On the eve of Sylantro's annual users conference, FierceVoIP chatted with Sylantro Systems CEO Marco Limena to discuss the state of the VoIP industry and what the future may hold for the industry and
Vonage announced record revenue of $228 million for the second quarter of 2008, according to an earnings report released Thursday. The company is still operating at a loss; however, the $7 million