Enters into sale agreements with GENBAND, Inc. for a purchase price of US$282 million, subject to balance sheet and other adjustments currently estimated at approximately US$100 million

Sale of business is best path forward for the future of Nortel’s Carrier VoIP and Application Solutions customers, employees and business

Agreements include the planned sale of substantially all assets within the Carrier VoIP and Application Solutions business globally

Nortel(1) Networks Corporation (OTCBB: NRTLQ) today announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), have entered into a “stalking horse” asset sale agreement with GENBAND, Inc. (GENBAND) for the sale of substantially all of the assets of its North America, Caribbean and Latin America (CALA) and Asia Carrier VoIP and Application Solutions (CVAS) business, and an asset more

Embrase Business Consulting will host “StartupCamp Telephony at ITEXPO”, a forum at which early stage communications companies, investors and on-lookers alike can share information and validate their respective business models in a live setting.

Five startups will be selected to give 5-minute “pitch” presentations, after which the panel and audience will ask questions, and provide 5-10 minutes of valuable feedback.

Early-stage companies wishing to be included in the pitch roster should apply to present at http://scte.wikidot.com/registration

Collocated with TMC’s ITEXPO conference, StartupCamp Telephony will take place Thursday evening, Jan. 21 at the Miami Beach Convention Center in Miami, Florida – day two of the three-day event. Companies will learn from each other about the ins and outs of pitching an emerging communications startup.

Keynote speakers will offer unique insight into keys to successful commercialization in this fast changing environment.

Also of more

Todd Zittrouer has joined Integrated Broadband Services (IBBS) as Vice President of North American Sales. Mr. Zittrouer is charged with expanding IBBS’ position as the leading provider of integrated OSS software and services for broadband and cable operators in North America. Among Mr. Zittrouer’s priorities will be to drive new business for IBBS’ recently introduced Commercial Services and Network Services offerings, which represent significant growth opportunities for the company in North America.

Prior to his arrival at IBBS, Todd served as Vice President of Sales for Momentum Telecom’s wholesale line business which he successfully grew by a compound annual rate of 157%.

“Todd is a very highly-regarded industry professional with an established presence in the broadband and cable marketplace,” said IBBS Vice President of Sales and Marketing, Sandra Jimenez. “He is known for a high level of professionalism and the enthusiasm he brings to every assignment. We more

LONDON, Dec. 21/BUSINESSWIRE/

Highlights

• £86 MILLION RAISED THROUGH NEW AND EXISTING INSTITUTIONAL INVESTORS


• £194 MILLION DEBT FACILITIES TO BE PROVIDED OR GUARANTEED BY US AND FRENCH EXPORT CREDIT AGENCIES AT RATES BELOW 6%


• SECOND SATELLITE TO LAUNCH IN 2012 TO PROVIDE KA BAND BROADBAND SERVICES IN EUROPE MIDDLE EAST AND AFRICA

Background and details of the Placing

Avanti Communications Group plc (AIM: AVN), (”Avanti” or “the Company”), the broadband satellite operator, is pleased to announce a placing (”Placing”) of 21,500,000 new ordinary shares of 1p each in the Company (”Placing Shares”) to be carried out by Cenkos Securities plc (”Cenkos”) with new and existing institutional investors at a placing price of 400p per ordinary share of 1p each in the Company (”Ordinary Shares”). The Placing, which is conditional, inter alia, more

Comcast Corporation Settles Class Action Consumer Lawsuit Over Peer-to-Peer File Sharing Practices

SAN DIEGO, Dec. 21, 2009 — Comcast Corporation (NASDAQ:CMCSA) has agreed to settle a consumer class action that challenged the company’s practice of secretly blocking certain Internet traffic while claiming to provide unlimited Internet access. The lawsuit alleges that Comcast impaired the use of some “Peer-to-Peer” file sharing traffic (”P2P”) on Comcast’s High-Speed Internet network. Under the terms of the settlement, Comcast has agreed to pay up to $16 million, less settlement costs, to eligible Class members. more

MEDIA CONTACTS:

Jeff Nevins

207.648.3088

jnevins@fairpoint.com

FAIRPOINT COMMUNICATIONS NAMES MICHAEL K. SMITH AS VERMONT STATE PRESIDENT

BURLINGTON, VT (December 21, 2009) – FairPoint Communications has named Vermont native Michael K. Smith as Vermont State President. He will be responsible for regulatory matters, governmental relations, and economic development for Vermont. more

Qwest Communications International Inc. Announces New $1.035 Billion Revolving Credit Facility

DENVER, Dec. 21, 2009 – Qwest Communications International Inc. (NYSE:Q) today announced that it has entered into a new revolving credit facility. The new $1.035 billion agreement expires on Sept. 30, 2013, and replaces the company’s pre-existing revolving credit agreement that was scheduled to expire on Oct. 21, 2010. Wachovia Bank, National Association – an affiliate of Wells Fargo Securities, LLC – acts as administrative agent under the new agreement. more

Santa Fe Springs, Calif. (December 21, 2009) more

DEARBORN, Mich., Dec. 21 –

Next-generation SYNC(®) system to incorporate in-car WiFi system powered by customer’s USB mobile broadband modem, turning entire car into hot spot

New capability will be standard on select SYNC-equipped vehicles with no additional hardware or subscriptions required beyond the user-supplied mobile broadband modem

Standard WiFi Protected Access 2 (WPA2) security protocols will be in force, and only owner-permitted devices will be able to access the network, helping ensure secure, robust connectivity for in-car users

Ford Motor Company (NYSE: F) will turn vehicles into rolling WiFi hot spots when it introduces the second generation of its popular SYNC(®) in-car connectivity system next year. more

Industry Casts Nearly 2,000 Votes for Mobile Star Awards; Rates Agito’s RoamAnywhere Mobility Router, CTO Timothy Olson, Customer HRC Highest in their Respective Awards Categories

SANTA CLARA, Calif. – Dec. 21, 2009 – Agito Networks, Inc., the company delivering innovative solutions in enterprise mobility, today announced that it swept top honors in its three nominated awards categories in the eighth annual MobileVillage® Mobile Star Awards program, as a result of industry voting. MobileVillage is a 15-year leader in market development and news services about mobile technology.

As in past years, the Mobile Star Awards program showcases “Best Of” entries in dozens of categories covering mobile apps, enterprise mobile software, wireless network products, enterprise success stories, mobile industry visionaries, and more. Winners were chosen by subscribers of MobileVillage’s “Go Mobile” – a free e-newsletter that delivers headlines and links from top mobile technology stories on popular websites such as more