AT&T Counters Google Fiber In Austin, Says It Invests “More Than Any Other Public Company” Into U.S. Communities
In the worst kept secret in Austin history, Google announced in conjunction with the city that it would be the second location to get Google’s Fiber offering. Just a few hours after that announcement, AT&T made its own plans known for Austin, and it includes (surprise) 1 Gigabit Fiber as well. This ties to its previously announcement on of the VIP expansion project for broadband access. The “advanced fiber optic infrastructure” will be given the same treatment that Google has gotten, which we’re told is just access to build out and work with the city, meaning no financial incentives are involved. Here’s what Randall Stephenson, AT&T chairman and CEO, had to say in a release today: Most encouraging is the recognition by government officials that policies which eliminate unnecessary regulation, lower costs and speed infrastructure deployment, can be a meaningful catalyst to additional investment in advanced networks which drives employment and economic growth. Since rumors about ...
Canadian business outlook gloomy and personal debt ratio rises
The Bank of Canada's Canadian business outlook worsened in the third quarter. Investment intentions fell to a three-year low. Companies were less optimistic on sales and employment as well.
French Telco SFR Cuts Up To 2,000 Jobs Following Free Mobile Entry Into The Market
As the telecom company Free disrupted the mobile landscape in France, employment and investment are at risk in that industry. Vivendi-owned SFR is one of the first to suffer from the ever increasing competition and the union Force Ouvrière announced that SFR is planning 1,500 to 2,000 job cuts.
Software Recruitment Giant Bullhorn Acquired By Vista Equity Partners For A Price In The Lower Nine Figures
Recruitment software giant Bullhorn is today announcing a new owner: it's been acquired by Vista Equity Partners in what TechCrunch understands is a deal the lower end of hundreds of millions of dollars. It is a fantastic return on investment in the company. Bullhorn, which was founded in 2001 in Boston, had raised $27.5 million to date from investors including Highland Capital, General Catalyst, GE Asset Management, Elmrock, Austin Investment Management and Charter Ventures, and in its last funding round in 2008 was valued at just $40 million. Bullhorn has been profitable for the last year, TechCrunch understands, and with sales of $40 million in 1999, and had been talking to several other parties for a sale. In the last year it grew revenues by 40 percent while overseeing a billion transactions each month on its recruitment platform totalling $100 billion in client revenues. Bullhorn, which powers and manages recruiting and staffing operations for a range of businesses, from start-ups ...
New Risk to Europe's Growth: Banks Cut Lending to Cities
Facing tighter solvency rules, European banks have cut back lending to regional governments such as that of Chartres, France, for their infrastructure investments, posing an obstacle to employment and economic growth.