Telecoms Wait Nervously On $20 Billion Contract
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Over the past 3 1/2  years, AT&T has spent several million dollars putting together two 5,000-page proposals detailing how it can upgrade phone lines, wireless networks and fire walls for the federal government. At one point, about 100 people toiled through the night in a Northern Virginia basement to put the final touches on a bid that would guarantee the company's survival in federal market for the next decade....
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The total estimated value of the U.S. government's top 20 IT contracts in fiscal year 2007, which began Oct. 1, is $118 billion, an analyst says.
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Economic uncertainty prompts companies to delay contracts, but may soon benefit outsource services.
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A deal for Bain Capital Partners and China&#39;s Huawei Technologies to buy 3Com is on hold because the companies were unable to come to agreement with the U.S. Committee on Foreign Investment in the United States (CFIUS) about&#160;security concerns.The three companies have withdrawn their joint filing with CFIUS, although they remain committed to continued discussions, they announced Wednesday.The proposed $2.2 billion deal, announced in September, raised security concerns because of networking giant Huawei&#39;s close ties with the Chinese government. Under the proposed deal, Bain would have gotten an 83.5 percent stake in 3Com and Chinese networking giant Huawei Technologies would have gotten the remaining piece. CFIUS, part of the U.S. Department of Treasury, is investigating whether the investment by Huawei poses a risk to U.S. national security after Bain voluntarily submitted the deal for review in October.&quot;We are very disappointed that we were unable to reach a mitigation agreement with CFIUS for this transaction,&quot; Edgar Masri, president and CEO of 3Com, said in a statement. &quot;While we work closely with Bain Capital Partners and Huawei to construct alternatives that would address CFIUS&#39; concerns, we will continue to execute our strategy to build a global networking leader.&quot;Among the critics of the deal was U.S. Representative Thaddeus McCotter, a Michigan Republican. Huawei&#39;s stake in 3Com, which markets intrusion detection systems, would &quot;gravely compromise&quot; U.S. national security, he said in a House floor speech in October. The U.S. Department of Defense uses 3Com intrusion detection products, and Chinese hackers have targeted the agency, McCotter said.The companies had argued that Bain Capital, based in Boston, would have a controlling interest in 3Com. &quot;Bain Capital will be able to make all operational decisions for the company, to set budgets, to spend money, to make investments, and to hire and fire personnel,&quot; 3Com said in an October filing with the U.S. Securities and Exchange Commission. &quot;Huawei will not have any control over the operation of the business.&quot;
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Media & professional: Channel 4 is facing a nervous wait to find out if Ofcom will impose sanctions over You Say We Pay.
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Bids in the F.C.C.âs auction for wireless spectrum reached the governmentâs $10 billion goal. One problem: bidding for the biggest block of frequencies stalled at $4.3 billion, below the $4.6 billion reserve price.
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Bidding stalled on Tuesday in the  closely watched auction of a piece of wireless airwaves that  the U.S. government is selling, according to data released by  the Federal Communications Commission.
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Troubled Navy contract spurs delay, and possible earnings hit.
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Backers of a massive wireless network for California&#39;s Silicon Valley have yet to build promised test networks or complete a model agreement for local governments, but at least one executive expects those to be finished by year&#39;s end.
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As AT&T prepares billions in write-offs, speculation of a potential takeover heats up.
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Company hasn't said when the device will be available.
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There's a lot of uncertainty surrounding the Chinese cell-phone powerhouse.
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A recent survey of 201 telecom decision managers working in government indicates that while there's quite a bit of interest in communications systems that unify voice, video and data over the Net, budgets and security constraints are likely to make that a very slow process.
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AT&amp;T, the US telecoms group, and a team of subcontractors have won a contract valued at up to $1bn to design, build and manage a secure IP-based global network for the US government
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Five companies &#151; AT&amp;T, Level 3 Communications Inc., Qwest Communications, Sprint Nextel and Verizon &#151; on Thursday were awarded a federal telecommunications contract worth up to $20 billion over 10 years.
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The technology company's move gives cause for pause until you take a closer look.
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The federal government is expected this week to award a contract worth more than $1 billion to build the key components of its next-generation air traffic control system -- a high-tech network that officials say will alleviate chronic flight delays.