AT&T Unit Sterling Buying Comergent and Verizon Business Receives 2006 Frost & Sullivan Customer Service Leadership Award
2 December 2006
Telecommunications industry news provided by Financial News USA (OTC: FNWU). Sterling Commerce, a collaboration products provider and subsidiary of telecom giant AT&T Inc. (NYSE:T), on Monday said it agreed to acquire privately held Comergent Technologies Inc. for about $155 million in cash. Sterling Commerce plans to incorporate Comergent's e-business applications into an end-to-end order fulfillment solution for its customers. Redwood City, Calif.-based Comergent's customers include Best Buy, InterContinental Hotels Group, and JC Penney. Alltel Wireless (NYSE:AT), America's largest network, is now offering Axcess Broadband service in Shreveport, Monroe and surrounding areas in north Louisiana, east Texas and southern Arkansas. This next generation EVDO (evolution data optimized) technology provides customers with unlimited wireless access to the Internet at speeds comparable to wired broadband connections such as cable modem or DSL.
Verizon Business (NYSE:VZ) is the 2006 recipient of Frost & Sullivan's Customer Service Leadership Award within the North American managed services market. Verizon Business received the award based on its leading customer-centric service and support, expansive global portfolio of managed network and information technology solutions, Rapid Fault Isolation and Restoration process, and personalized care via its global team of more than 6,500 technicians and network engineers. U.S. Starcom (OTC: USTA) recently announced that its gross profit for the 3rd quarter rose to $475,284, up from $10,566 a year ago. Revenues for the 3rd quarter, which includes the recent acquisition of Bell Latino, were many times the total revenues of U.S. Starcom for all of last year. The company's net loss for the quarter was $104,962, an improvement of 56% from the 3rd quarter last year.
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