* Also: Telecom spending predicting to rise through 2008; Nortel posts 2004 results
It doesn’t take long for the repercussions of the SBC/AT&T merger to be felt. Qwest has reportedly offered MCI $6 billion in return for a life partnership, as the industry consolidation that everyone’s been talking about for a few years finally takes hold. These same reports have Verizon performing due diligence on both MCI and Sprint, while BellSouth considers its options – acquire or be acquired. MCI would immediately boost the enterprise fortunes of the three carriers, while Sprint would provide a bevy of wireless riches. Tune in same time next week for As The Telecom World Turns… http://www.nwfusion.com/edge/news/2005/0203qvmci.html
It doesn’t take long for the repercussions of the SBC/AT&T merger to be felt. Qwest has reportedly offered MCI $6 billion in return for a life partnership, as the industry consolidation that everyone’s been talking about for a few years finally takes hold. These same reports have Verizon performing due diligence on both MCI and Sprint, while BellSouth considers its options – acquire or be acquired. MCI would immediately boost the enterprise fortunes of the three carriers, while Sprint would provide a bevy of wireless riches. Tune in same time next week for As The Telecom World Turns…
https://www.nwfusion.com/edge/news/2005/0203qvmci.html
And here’s some news to lift our collective spirits while we’re all riveted by consolidation intrigue: The U.S. telecommunications industry appears to have come out of its slump from earlier this decade, with spending projected to grow 9.5% per year from 2004 to 2008, according to a study released by the Telecommunications Industry Association. TIA predicts that U.S. telecommunications revenue will increase from $785 billion in 2004 to $1.1 trillion in 2008, after four years of modest growth. Several factors will drive the revenue increases, including rapid adoption of voice over IP among enterprises and consumers, growing adoption of broadband Internet access and the ability of major telecom vendors to provide a full range of services, according to the study. FCC decisions to relax local loop wholesaling rules and W.’s push for universal broadband don’t hurt either.
https://www.nwfusion.com/edge/news/2005/0201study2004.html
And on the better late than never meter… Nortel has finally posted its results for the first two quarters of 2004. The company says it earned .01 cent per share in the first quarter of 2004 and broke even in the second quarter, results that were pretty much in line with estimates disclosed in December. The results were delayed by a long series of restatements in the wake of an accounting scandal. And being the sweethearts they are, Nortel on Valentine’s Day will tell us when it will release results for the third and fourth quarters of 2004.
