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opportunity to extend their relationship with a long-term partner. Further, we expect that a significant portion of the employees associated with the assets being sold would be able to continue their innovative work." Nortel has also announced that it will be “advancing in its discussions with external parties to sell its other businesses.” These maneuvers likely signal the end of the once giant Nortel and at least one business, i.e. NSN, will be reaping some major benefits from its demise. Unfortunately, however, creditors and suppliers of Nortel have recently objected to the NSN bid, which could put some road blocks in the way of what appeared to be an easy win for NSN.
As of June 12th, all TVs officially became digital, and, at least according to the FCC, the transition was smoother than expected. FCC Commissioner Jonathan S. Adelstein issued a statement saying the transition looked more “like Y2K than the Bay of Pigs,” and that, on the day of the transition, the FCC reported
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The FCC is also reminding everyone with a converter box to make sure they rescan in order to get the widest array of channels. |
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however, and at this point, the FCC says that their work is still far from over and states that their number one priority is to find and rescue the stragglers who are still without TV. The FCC is also reminding everyone with a converter box to make sure they rescan in order to get the widest array of channels.
Redknee, a provider of communication software products, solutions, and services recently announced their win of a multi-million dollar Triple-Play Billing Contract with a leading service provider in the EMEA region for their Turnkey Converged Billing solution. The better news? They anticipate that more than half of that revenue will be recognized in fiscal 2009. "We are proud to announce this strategic contract. It further validates
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more than 300,000 consumer calls, a record number for the commission. Acting FCC Chairman Michael J. Copps, in his post-transition statement, commented that, “Digital will do for television what it has done for every other communications technology it touches—make it better, more efficient, more interactive, more competitive, and more exciting than ever before. The world is going digital, and I have no doubt that over-the-air television had to go digital as well. It’s a win-win for consumers and for the long-term health of the broadcast industry.” Those are definitely some optimistic words, particularly when there are some consumers out there that seem to feel that the switch was merely a money-making scheme for the government and various other telecom entities (a quick Internet search will prove that statement.) Hopefully, however, that isn’t the case and consumers will start seeing improvements in the services available to them, like better sound fidelity, subchannels, simulcast programming, etc. We’re not there just yet,
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our product platform, and demonstrates our continued ability to gain market share in the converged billing space." said Lucas Skoczkowski, CEO at Redknee. "Moreover, we believe that by addressing billing requirements of the growing list of multi-play service providers, Redknee significantly expands its future market opportunities globally." Such a win puts Redknee, heretofore a smaller player, farther up on the totem pole, which may bring them more recognition in the near future.
FairPoint Communications, the company that recently took over services from Verizon in the Northeast and has already had its credit rating downgraded, among other issues, including disruptions in service, has appointed a new Chairman and CEO in the form of one David L. Hauser. Hauser was recently a group executive and CFO at Duke Energy Corporation, and has also been a member of FairPoint’s Board of Directors since
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