AOL to slash up to 5,000 jobs worldwide

Opinion
Aug 4, 20063 mins

Latest edge news.

AOL to slash up to 5,000 jobs worldwide, 08/03/06

AOL will slash up to 5,000 jobs worldwide, or just over a quarter of its workforce, as the struggling unit of Time Warner restructures in an effort to bring in more revenue.

Capex climbing, 08/03/06

For the third year in a row, worldwide telecom capital expenditures increased and will continue to do so for the next three years, according to Infonetics Research.

AOL seeks to sell French operations to Neuf Cegetel, 08/03/06

AOL has begun exclusive negotiations to sell its French Internet access business to telecommunications operator Neuf Cegetel. The companies are also discussing a partnership through which AOL would offer its portal services directly to Neuf Cegetel’s …

Deutsche Telekom launches converged cell-Wi-Fi service, 08/03/06

German telecommunications service provider Deutsche Telekom Thursday launched a bundled service that combines mobile phone and Wi-Fi telephony services, targeting customers who seek attractive fees and greater mobility.

Time Warner profit rises with AOL ad revenue, 08/02/06

Time Warner Wednesday reported net income of $1 billion for its second quarter, on the back of rising advertising revenue from its AOL division and growth in its cable TV operation.

Virtual network operator offers wide-area Ethernet, 08/02/06

It’s not new technology, but Vanco is using its VPN skills to provide a new wide-area Ethernet offering that could be a quick and relatively inexpensive way for enterprises to connect remote sites over high-speed links.

XO boosts network capacity, 08/02/06

XO Communications this week said it is upgrading the capacity of its intercity links to 100Gbps.

Qwest posts profitable Q2, 08/01/06

Qwest this week posted second quarter net income of $117 million on revenue of $3.5 billion.

Verizon stops collecting telecom tax, 08/01/06

Verizon has stopped collecting a 108-year-old telephone excise tax after the Internal Revenue Service (IRS) decided in May to stop fighting to keep the tax.

Opinion: From the Universal Service Fund to universal taxation, 07/31/06

In theory at least some of what the Universal Service Fund (USF) is being used for is both a good thing to do and has some connection to the funding source. But like many things, theory and practice can be rather far apart.

Symphony jazzes up its software with a new GUI, 07/31/06

Symphony Spend Management Solutions, a telecom expense management software and hosting provider, announced Monday that its latest software version is now available.

Ebbers charge and conviction stands, 07/31/06

On Friday a U.S. Court of Appeals upheld Bernard Ebbers’ fraud conviction and 25-year sentence.

Time Warner Telecom expands its network reach through acquisition, 07/28/06

Time Warner Telecom Thursday announced that it is acquiring Xspedius Communications for $531.5 million in cash and stock.