Cinnabar Ventures, Inc. to Acquire US Metropolitan Telecom, LLC

Telecom Veteran, Frank Mambuca, Tapped to Lead Cinnabar’s Data Division

FORT MYERS, FL–(January 11, 2010) - Cinnabar Ventures, Inc. (”Cinnabar”) (OTCBB: CNBR), the creators of the Yippy OS, www.yippy.com, a cloud-based operating system currently in beta, announces it has executed a non-binding letter of intent on January 6, 2010, for the acquisition of FiberCon Holdings, LLC’s wholly-owned subsidiary, US Metropolitan Telecom, LLC (”US Metro”) www.usmetrotel.com, a leading Florida telecommunications company and Competitive Local Exchange Carrier (”CLEC”) for an aggregate purchase price of cash and stock totaling eighteen million dollars ($18,000,000), which includes Cinnabar’s acquisition of 100% of the membership interests of US Metro. US Metro is an established CLEC with a robust wholly owned metropolitan fiber-optic network throughout the central business districts of Collier and Lee counties and a long-haul fiber-optic network throughout south Florida. The more

Broadband Sign-ups To Fall By 10 Percent in 2010, Forecast Shows

Silver Spring, MD—Approximately 4 million U.S. households will become new high-speed Internet customers this year, marking a 10% decline in subscriber growth compared to 2009, according to a new forecast by market research provider Pike & Fischer.

The total number of broadband-connected homes will exceed 77 million by the end of the year, representing about 65 percent of all U.S. households, P&F says in its new report, Broadband Competition Outlook 2010. more

Verizon Adds Mobile Broadband Backup for Dedicated Internet Service to Keep Small and Medium-Sized Businesses Online All the Time

High-Performance Internet Access Automatically Routes to Verizon Wireless 3G Network for Uninterrupted Business Operations

NEW YORK, Jan. 5 — Small and medium-sized businesses now can get Verizon (NYSE:VZ) high-performance Internet access coupled with automatic wireless broadband backup to help ensure the businesses are always available to their customers. The new solution — Verizon Internet Dedicated Access with Mobile Broadband — automatically routes business traffic to the Verizon Wireless 3G EV-DO broadband wireless network in the event of a service disruption.

The new solution, which is immediately available nationwide, is ideal for businesses that have highly distributed locations and primarily use IDA for outbound critical traffic, Web research or point-of-sale transactions. 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

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

Joined by Governor Perdue, Vice President Announces an Initial $183 Million in Awards to Expand Broadband Access in Seventeen States

DAWSONVILLE, Ga. – Vice President Biden today kicked off $7.2 billion in Recovery Act broadband grant and loan programs, of which $2 billion will be made available on a rolling basis over the next 75 days to bring high-speed Internet to communities that currently have little or no access to the technology. At an event at Impulse Manufacturing in Dawsonville, Georgia, with Governor Sonny Perdue (R-GA), he announced an initial $183 million investment in eighteen broadband projects benefiting seventeen states which has already been matched by over $46 million in public and private sector capital. The awards are not only expected to provide initial job opportunities in infrastructure and manufacturing, but help bridge the digital divide and boost economic development for communities held back by limited or no access more

CHICAGO – Nitel, Inc., a single-source provider of telecommunications network services and nationwide virtual network operator, today announced a partnership with Colorado-based TowerSource, the largest and most accurate vertical asset marketplace. The two companies entered into a joint marketing agreement, which will leverage Nitel’s cost-effective backhaul connectivity to wireless towers with TowerSource’s extensive database of wireless sites across the country.

The TowerSource marketplace connects tower owners to those seeking to secure vertical real estate for co-location. The arrangement enables users of the TowerSource marketplace to source backhaul network connectivity from wireless towers in the 48 contiguous states to their terrestrial networks. Nitel uses the networks of over 100 carriers across the country to provide the best, most cost-effective option for its clients. more

Virtela’s Award-Winning Managed Network Services and Support Available to KDDI Customers Internationally

DENVER, Dec. 17 /PRNewswire/ — KDDI, Japan’s leading provider of international telecommunications and collocation facilities around the world, today announced an agreement with Virtela, a global network solutions company, to expand KDDI’s international network reach for enterprise network services to more than 190 countries. Leveraging Virtela’s innovative multi-carrier network around the world, KDDI will offer Japanese enterprises an array of high quality, cost effective choices for global network services and support.

Customer satisfaction is the guiding principle behind every action taken at KDDI, and working with Virtela enables the company to enhance that satisfaction through more network options that deliver the value its customers expect. According to KDDI, improving service coverage and connectivity is a top priority and the company is pleased to be able to expand its offerings via Virtela to give enterprises an immediate more

Next-Generation Passive Optical Network Test Paves Way for Enormous Capacity Increases

WALTHAM, Mass. – Verizon (NYSE: VZ) is the first telecommunications company in the world to successfully field-test a passive optical network system known as XG PON that can transmit data at 10 gigabits per second (Gbps) downstream and 2.4 Gbps upstream, four times as fast as the current top transmission speeds supporting the company’s all-fiber FiOS network.

The test, conducted recently in southern Massachusetts sets the stage for Verizon to meet the emerging customer demand for a wide variety of devices and applications that require a network capable of transmitting large amounts of data at very high speeds. The devices and applications could include unicast HD video streaming, ultra-high-definition video, 3D video, user-generated content distribution, video conferencing and new high-speed data services for medium and large business customers. more