Alcatel and Lucent Technologies shareholders approved Alcatel's $11 billion acquisition of Lucent on Thursday, ticking off another hurdle in the companies' plans to consolidate their businesses.
Australian WorldCom staff will have a restless night ahead as they await details of the planned 17,000 job cuts worldwide.
Provider of broadband wireless communication services to business travellers SkyNetGlobal, is raising funds for its expansion into Asia.
Telstra is confident that a new IP backbone company, set up through its alliance with Pacific Century Cyberworks, can garner around US$500 million in earnings before tax.
Shares of AT&T Wireless (NYSE: AWE) closed up 2 5/16, or 8 percent, to 31 13/16 in heavy trading Thursday in the largest US initial public offering ever.
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