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Networks First reports strong results with 30% hike in turnover

Networks First has hit record financial results for year ending 31st March 2007, with a 30% increase in turnover to £7.02m and 12 new employees. Peter Titmus, managing director at Networks First, said: “This year has been an exceptionally strong year for the company. With the culmination being the exciting move to Number One, our new corporate headquarters.

Happy landings for Comms Dealer competition winner

SIP trunk provider VoIP Unlimited offered a fantastic prize in a recent Comms Dealer competition – a chance to sit behind the joy stick in flight simulator – and the lucky winner, Post CTI, says a `great day` was had by all.

Telephone Maintenance Group falls under scrutiny

A comms company`s fall into administration earlier this month caused controversy when stunned investors accused the firm of unethical rogue trading.

On May 10th, Bromsgrove-based Starside Ventures collapsed voluntariliy, along with two other comms firms, all three companies alleged to be wholly owned subsidiaries of Telephone Maintenance Group.

AVAYA SOLD TO SILVER LAKE FOR $8 BILLION, STATES NY TIMES"

Avaya has been snapped up by private equity firms Silver Lake Partners and TPG for $8bn according to news reports in the US. If the deal goes through it will be the largest leveraged buyout of a computer networking company, stated the New York Times.

Cable & Wireless rolls out Virtual Telepresence solution

Cable & Wireless Europe, Asia and US has rolled out Virtual Telepresence, a fully managed videoconferencing and collaboration solution that, says the firm, `provides seamless, global connectivity and complete interoperability with other telepresence suites, standard and high-definition systems, desktop video appliances, webcams, 3G video phones and audio devices`.

STL acquires managed network services provider Intellion

STL has acquired managed network services provider, Intellion, which was launched in January 2005. In addition to lines and calls the company has developed a reporting system called TeleData which is used for re-billing and cost analysis by Business Centres, Law Firms and Medical Centres.

UK mobile content market was valued at £661m in 2006

The mobile content and service market is on the verge of becoming a multi-billion dollar industry with the UK mobile content market was worth £661m in 2006. Mobile ‘cash rich’ users account for half of these revenues and in addition to that there are a further 30 per cent of occasional consumers who purchase at least one item of content per year.

BT turns screw on rivals with price cuts

Millions of customers are set to benefit as BT cuts the prices of its Option 2 and 3 call packages by up to 20 per cent. The price cuts mean that BT offers the best value for inclusive call packages, undercutting all its major competitors, claims the telco.

Global mobile broadcast TV subscribers to exceed 150 million

Mobile broadcast television has the opportunity to combine two of the most successful consumer products in history – television and mobile telephony, and the number of mobile broadcast TV subscribers will grow from a mere 4.4 million today to an estimated 155.6 million by the end of 2012, claims a report by independent market analyst Datamonitor.

Motorola poised to axe 4,000 more jobs in 2008"

Motorola is to axe 4,000 more jobs next year in a bid to slash costs and ensure long-term, sustainable profitability. This news came when the company issued an update on its cost-reduction initiatives for the first quarter of 2007, when Motorola said it is on target to achieve the $400 million in annualized cost savings that it announced in January.

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