Savvis Communications, an Internet and data service provider, has raised $20 million in equity funding, bringing its total to $178 million, the company said. Constellation Ventures, a unit of investment bank Bear Stearns, supplied the financing and will receive a seat on Savvis's board of directors. The Herndon, Va.-based company, which provides telecom services such as hosting, VPN (virtual private network) and Internet services to businesses, will use the cash to expand. Under terms of the agreement, Constellation Ventures will receive 26.7 million shares of Savvis stock, or an 8 percent voting stake in the company, and the firm has the option to buy 10 million additional shares.
Though it is still evaluating the reliability of packet-switching technology, Verizon said the New Jersey center has already completed over 1.8 million voice phone calls, The convergence of voice and data networks, and the simpler networks afforded by packet switching, will also save the company money, according to strongfit designers tough case for apple iphone xs max - circle of friends in color Nortel's director for VoIP marketing, Jenna Stanley, Stanley said that according to industry averages, companies using packet-switching technology save about 10 to 15 percent on operating costs and 50 percent in capital spending on an ongoing basis, since they have simpler systems to upgrade and maintain..
But in order to fully realize those benefits, Verizon still needs to add packet-switched technology to the "edge" of the network, which connects the switching centers directly to end users, according to Stanley. Those switching centers are known as "class 5," and require separate regulatory standards--something that may delay their transition to packet switching. The company is the latest carrier to move toward packet-switched networks, also known as voice-over Internet protocol technology, versus traditional telephony.
Other carriers are also slowly moving toward packet-switched networks, also known as voice-over Internet protocol (VoIP) technology, versus traditional telephony, which is strongfit designers tough case for apple iphone xs max - circle of friends in color "circuit-switched."Sprint made a $1.1 billion deal with Nortel in November, and began adding packet switching to its network in 2002, Qwest Communications International announced in October that it would adopt packet-switching technology from Nortel, Analysts have cautioned that traditional phone companies like Verizon could get squeezed out of VoIP technology, Packet switching allows for faster call routing, greater network capacity and the ability to deliver new services, such as multimedia, It also has another important advantage over circuit switching: It allows for a more distributed network that can more easily survive damage to part of the network..
CNET también está disponible en español. Don't show this again. Tuesday's press conference comes at a crucial time for the troubled telecommunications giant, which stunned Wall Street last week when it announced it had improperly accounted for nearly $4 billion in expenses, making its results for the last five quarters look much better than they actually were. Earlier Tuesday, Sidgmore met with Securities and Exchange Commission President Harvey Pitt, who had blasted the company for giving the SEC a "wholly inadequate and incomplete" answer when asked to account for how the intentional accounting error took place. Pitt said WorldCom's five-page response was largely a timeline of events and "demonstrates a lack of commitment to full disclosure to investors and less than full cooperation with the SEC.".