Ericsson Layoffs May Hit 25,000 Employee Staff Cuts: Report
Ericsson layoffs may hit 25,000 staff cuts or 23% of telecom equipment company’s 109,000 employees, a report says. Can CEO Börje Ekholm deliver turnaround?
Onepath Acquires Internet & Telephone; 900 Person MSP, CSP Emerges
Onepath acquires Internet & Telephone for New England reach. The deal creates 900-person managed IT, cloud & telecom service provider, MJ Shoer confirms.
RingCentral for Sale, Will Private Equity Buy UCaaS Provider?
RingCentral hires financial advisor after receiving takeover interest for the unified communications as a service (UCaaS) provider, a report says.
Mitel Acquiring ShoreTel for Cloud Unified Communications Push
Mitel (MITL) acquires ShoreTel (SHOR) for $530 million, creating a $1.3 billion unified communications & cloud services business with 3,200 partners.
Telstra Buys Company85 for Technology Services
Australian telecom giant Telstra acquires Company85, a UK-based provider of data center, workspace, cloud, security and network services.
CenturyLink Completes $1.86B Data Center Business Sale
Cyxtera assumes ownership of CenturyLink’s 57 data centers. Approximately 700 CenturyLink employees transition to Cyxtera.
Chess Acquires Sophos Security Partner Foursys
Chess acquires Foursys, a Sophos cybersecurity partner. Through M&A & organic growth, CEO David Pollock builds an ICT empire across the United Kingdom.
8×8 Up for Sale?
8×8 explores potential company sale, a report suggests. 8×8 competes against ShoreTel (also for sale) in cloud-based UCaaS, cloud & hosted VoIP markets.
Cisco Service Provider Business Further Weakens
As Cisco Systems’ (CSCO) service provider revenues weaken, the company’s SaaS revenues accelerate. But is that enough?
Windstream, EarthLink Discuss Potential Merger
Windstream and EarthLink are discussing a network services business mergers. The companies earlier sold off their data center and MSP assets.