Sprint Nextel Secures New Credit Line and MCI Managed Network Services Adopts IT Infrastructure Library(R) Framework21 December 2005
Wireless Communication industry news provided by Financial News USA (OTC: FNWU) Wireless giant Sprint Nextel Corp. (NYSE:S) said Monday it entered a five-year, $6 billion credit facility and a $3.2 billion term loan to replace existing arrangements under Nextel's credit facility. Sprint Nextel, formed earlier this year when Sprint bought Nextel Communications Inc., said the credit facility and the loan will replace a $4 billion revolving credit facility and a $2.2 billion term loan under the Nextel credit facility. Association County Commissioners of Georgia (ACCG) and Verizon Wireless (NYSE:VZ), owner and operator of the nation's best, most reliable wireless network, have announced an innovative collaboration designed to provide wireless voice and data services to County Governments across Georgia. Effective October 31, 2005, ACCG has agreed to endorse Verizon Wireless as the preferred wireless service provider for county governments statewide. Under the agreement, ACCG has also committed to help promote the Georgia Technology Authority (GTA) contract which Verizon Wireless executed with the State in February, 2005. The GTA contract includes a cooperative purchasing provision that enables County Governments to pool their purchasing power with the State of Georgia to receive significantly greater discounts on Verizon Wireless products and services. In addition, Verizon Wireless has agreed to extend an attractive discount on monthly access to over 50,000 County Government employees.
MCI, Inc. (Nasdaq: MCIP) recently announced it is deploying Information Technology Infrastructure Library (ITIL) practices across its global Managed Network Services operations to create an enhanced framework for meeting emerging customer requirements. ITIL today offers comprehensive guidance for managing IT services and is setting the standard for essential functional, operational and organizational attributes required to deliver quality IT services. Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, recently advised that it was featured in the December 11, 2005, edition of E-CommerceTimes.com (circulation over 1.5 million). In the feature, "Wi-Fi, You Can Bet On It!", Theodore F. di Stefano, author of "You Can Buy a Business" (available on amazon.com), discusses the exciting future of wireless gambling with products like Diamond I's WiFiCasino GS(TM).
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