Verizon Establishes Second FiOS TV Town in Pa. And AT&T Introduces Affordable, Feature-Rich High Speed Network Access Option to Small, Midsize Busines

Telecommunications industry news provided by Financial News USA (OTC: FNWU) Valley Township in Chester County, Pa., on Tuesday granted Verizon Communications Inc. a franchise to provide cable television. The franchise agreement has a 15-year term and requires Verizon (NYSE: VZ) to pay the township fees based on the gross revenue it receives from its cable service. AT&T Inc. (NYSE: T) today announced a new high speed access option for small to midsize businesses, which allows them access to advanced optical access solutions. The new service, AT&T Ultravailable® Service Option 2, is available immediately to customers and is designed to provide a more affordable, feature-rich, end-to-end ring access alternative.

U.S. Starcom, Inc. (OTC: USTA) announced today that it has signed a contract to provide more than six million PINS (personal identification numbers) with Datawave Systems, Inc., a premier provider of electronic distribution for the prepaid and stored value markets. U.S. Starcom will deliver the PINS electronically to Datawave Systems Inc. and will be responsible for networking and customer service. Net2Phone, Inc. (NASDAQ: NTOP), a leading Voice over IP (VoIP) enabler for service providers, announced today that it has commenced the solicitation of written consents from the holders of its common stock and Class A common stock to approve and adopt the merger agreement among Net2Phone, IDT Corporation, an international telecom, entertainment and technology company, and NTOP Acquisition, Inc., a wholly-owned subsidiary of IDT, and the merger of NTOP Acquisition with and into Net2Phone, with Net2Phone as the surviving corporation.

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