Telecommunications industry news provided by Financial News USA (OTC: FNWU). Buzz Technologies, Inc (OTC: BZTG) recently announces it has signed a Strategic Alliance Agreement with Meenalshree Technologies Pvt. Ltd. and Toon Designers LLC of India and is also evaluating a partial or total acquisition of the companies. Meenalshree Technologies Pvt. Ltd. and Toon Designers LLC have a strong presence in the USA with a solid development team in its Indian Head Quarters; the Group Established in 1995 has grown very quickly and has a first class reputation in the software industry. BellSouth Corporation (NYSE: BLS) is this year's recipient of the Crystal Award for Supplier Diversity presented by the Georgia Minority Supplier Development Council (GMSDC). The award is given to the corporate or government entity that publicly demonstrates a commitment to minority business development through aggressive programs and the perpetuation of procurement opportunities.
AT&T Inc. (NYSE: T) said Friday that it plans to spend $247 million to upgrade its network in Kansas, which will arm the local phone giant with a video service to compete with cable television. The San Antonio-based company plans to spend $4.6 billion by 2008 on a national upgrade of its copper phone network. The addition of more fiber optics in its phone network also will allow AT&T to sell faster high-speed Internet service and Voice-over-Internet-Protocol phone service. The California Assembly Committee on Appropriations on Thursday approved Assembly Bill 2987, which would overhaul the state's outdated cable franchising process and pave the way for new competitors such as Verizon (NYSE:VZ) to offer consumers a choice in video programming, better technology and lower prices. At the same time, the bill, authored by Speaker Fabian Nunez and Assemblymember Lloyd Levine, guarantees that local communities will continue to receive franchise fees consistent with those paid by incumbent cable companies.
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