Inventergy Inc. Enters Into Merger Agreement With eOn Communications

Inventergy Inc. and eOn Communications Corporation (NASDAQ: EONC) have announced today that they have entered into a merger agreement whereby Inventergy will merge into a wholly-owned subsidiary of eOn. Upon satisfaction of all of the conditions to completing the merger, eOn Communications will be renamed Inventergy Global, Inc. Upon completion of the merger, Inventergy stockholders will receive shares of eOn stock, such that the Inventergy stockholders in the aggregate will control eOn after the merger.

Read more: eOn Communications ( EONC )

Frontier Communications to Acquire AT&T’s Wireline Residential and Business Services and Associated Assets in Connecticut

    All-cash Transaction is Accretive to Free Cash Flow Per Share in the First Year
    No Change to Frontier’s Annual Dividend; Improves Payout Ratio
    $200 Million in Annual Cost Synergies and Savings

Frontier Communications Corporation (FTR) announced today that it has entered into a definitive agreement with AT&T, Inc. (NYSE:T) to acquire AT&T’s wireline business and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut. As part of the transaction, Frontier will also acquire AT&T’s U-verse video and satellite TV customers in Connecticut. Frontier will pay AT&T $2 billion in cash for the business and related assets. Frontier’s extensive experience operating local and national communications networks and providing communications services to residential and commercial customers throughout the country will contribute to the success of this transaction.

Read more: Frontier Communications Corporation ( FTR )

Elephant Talk Receives $10 Million Service Prepayment as part of New 5 Year Contract with Existing MNO Client in Europe

Increased capabilities positions the Software-DNA™platform for the roll out to other geographies

Elephant Talk Communications Corp. (NYSE MKT: ETAK) (the "Company" or "Elephant Talk"), (, a leading international provider of mobile proprietary Software Defined Network Architecture (Software DNA™) platforms and a market leader in providing cyber security solutions to counter electronic fraud in the cloud, today announced that the Company has signed a 5-year extension with an existing Mobile Network Operator (MNO) in Europe. Under the financial terms of this new contract, the Company expects that hosting fees will increase approximately 13%, on average, per SIM per month, in exchange for improved service levels. Elephant Talk will receive continuous prepayments of approximately $10 million for the duration of the contract.

Read more: Elephant Talk Communications Corp ( ETAK )

NTG Clarity Signs a US $3.64 Million Document of Understanding

NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce that the company has signed a US$3.64 Million Document of Understand with an American multinational technology and consulting corporation for the operations service and support of NTS Telecom in a Box and Partner Management Portal managed services. This DOU is valid for 5 years, starting September 1, 2013. The current US $3.64 Million agreement covers a one year period from September 1, 2013 to August 31, 2014. We are expecting to receive the formal PO in the coming weeks.

"We are very pleased with the signing of this DOU as it increases our revenue base significantly and introduces our products and services to this multinational corporation" said Ashraf Zaghloul, NTG Clarity's Chairman & CEO.

Read more: NTG Clarity Networks Inc ( NCI )

Alaska Communications Systems Reports Second Quarter 2013 Results

Total revenues increased $7.7 million or 8.6%
Broadband revenue as percentage of Retail service revenue exceeds 50% for the first time
Deleveraging continues with $30.4 million of repayments of long-term debt YTD June 30, 2013
Milestone AWN transaction resulting in $65.0 million in additional debt repayments in July 2013
Commencing a fiber-to-the-node build out in major markets to enhance broadband capabilities

Alaska Communications Systems Group, Inc. (“ACS”) (ALSK) today reported financial results for its second quarter ended June 30, 2013.

“We are extremely pleased with our performance in the first half of the year. We achieved very strong rates of growth, with retail broadband revenues increasing 21% over last year. Debt reductions have been solid, with over $30 million through free cash flow generation in the first half of the year and $65 million from the AWN transaction in July. We are on track to achieve our goal of $100 million of net debt reductions this year. These results are evidence of our business plan at work.

Read more: Alaska Communications Systems Group Inc ( ALSK )

Videos / Webinars

View all videos