Telecommunications industry news provided by Financial News USA (OTC: FNWU). As the nation celebrates the birth of the Rev. Martin Luther King Jr., the Verizon Foundation (NYSE:VZ) will present a $1 million grant to the organization that is creating a memorial to the civil rights leader on the National Mall in Washington, D.C. The Verizon Foundation grant will underwrite the educational program for the visitors center at the memorial, which is scheduled to be completed next year. Amdocs (NYSE: DOX), the leading provider of software and services to enable integrated customer management and the intentional customer experience(TM), recently announced a multi-year contract extension to provide premium content services to Alltel's (NYSE:AT) more than 11 million wireless subscribers. Alltel Wireless, America's largest network, will continue to use Amdocs' Qpass Digital Commerce solution to deliver premium content services to its customers and manage the customer experience.
AT&T Inc. (NYSE:T) has struck a deal with the New England Sports Network (NESN) that will allow more fans an opportunity to tune in to televised Boston Red Sox and Bruins games. The San Antonio-based telecommunications company has entered into a distribution agreement to deliver NESN's sports programming as part of its AT&T U-verse television channel lineup. The company previously added the 24-hour sports programming YES Network to its lineup for customers in New England. U.S. Starcom, Inc. (OTC: USTA) recently announced that it has entered into a joint venture agreement with Leading Edge Benefits Corp, a private developer of pre-paid discounted health care programs aimed primarily at the Hispanic marketplace. Leading Edge executives have spent hundreds of thousands of dollars developing the platform to deliver these products, which offer exceptional value to consumers without health insurance, or with insurance that has high deductibles.
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