Telecommunications industry news provided by Financial News USA (OTC: FNWU). Buzz Technologies Inc. (OTC: BZTG) is pleased to announce the limited release of its Virtual PC. Buzz Virtual Computing allows users to view their own files and applications from any computer. Operating on the Buzz Web Browser platform the system allows user to log on from any location and be at their desktop that runs directly off the Buzz servers as a Virtual PC. The System integrates the Buzz Search Engine, IM, VoIP, IPTV and web browser into a 1 click function anytime on your Virtual PC. Time Warner Telecom Inc. (Nasdaq: TWTC), a leading provider of managed voice and data networking solutions for business customers, recently announced its second quarter 2006 financial results, including $191.3 million in revenue, $69.6 million in Modified EBITDA(1) ("M-EBITDA") and a net loss of $40.4 million. "We continue to deliver strong, industry-leading revenue growth and impressive and expanding margins," said Larissa Herda, Time Warner Telecom's Chairman, CEO and President.
The AT&T Foundation (NYSE:T) has announced a $1 million grant to provide new technology resources for people with all types of disabilities. The grant to the Community Technology Centers' Network (CTCNet) is part of a three-year AccessAll initiative by AT&T to provide technology access to underserved communities. It will be used to fund training for community technology center staff on universal design and assistive technology that can be used to accommodate multiple learning styles and abilities. Alltel (NYSE: AT) recently announced the commencement of cash tender offers for up to $1.0 billion aggregate principal amount of its outstanding notes listed below (the "Notes") as part of the company's plan to decrease its debt. The terms and conditions of the tender offers are described in the Offer to Purchase, dated July 31, 2006, and related Letter of Transmittal. The Offer to Purchase will be mailed to the holders of the Notes.
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