Customers of Windstream Communications were left without service for hours after copper thieves stole cables in Broken Arrow, Oklahoma, USA. The rising number of thefts has prompted Windstream to offer a USD25k reward. The full story is available from the local Broken Arrow Ledger.
Archive for May, 2012
31 05 2012
Prosecutors have succeeded in obtaining long prison sentences for criminals engaged in a USD20M fraud of US telcos including AT&T, Verizon, XO Communications, Excel Communications, Waymark Communications, Bandwidth.com and CommPartners.
Prison sentences of 40 years, 30 years and 9 years have been handed down to some of the guilty parties. Restitution and other penalties were worth tens of millions of dollars. A release from the Courthouse News Service revealed that the fraudsters obtained services and equipment by creating bogus shell companies:
You can read more about the story at the Star-Telegram.
Xintec, the Dublin-based vendor of RA solutions, has raised EUR900k in finance; see the press release here. EUR350k comes from the Bank of Ireland Seed Fund, with the remainder coming from Enterprise Ireland (a government agency) and from private investors engaged in the Business Expansion Scheme (a mechanism to give tax relief to investors).
Xintec is an early stage start-up, founded in Luxembourg in 2007 by an Irish entrepreneur, Sean Killeen. The firm relocated to Ireland in 2011 after being offered support by Enterprise Ireland. Xintec’s strategy is to focus on selling RA and FMS solutions to smaller CSPs who have traditionally been underserved by vendors. According to RTE News, Xintec currently employs 8 people in Dublin and is planning to create 15 jobs by the end of 2013. The money will reportedly be used to drive growth in international markets through the recruitment of technical and marketing staff.