EarthLink CEO Garry Betty said the company has made "some very bold steps" in its effort to create value for shareholders. Betty said the ISP plans to spend $75 million to $100 million this year on its growth initiatives, adding that it probably will report a net loss for 2006. He also touted the prospects for municipal Wi-Fi and its Helio wireless venture.
Indian wireless carrier Reliance Infocomm has struck a deal with China Telecom to begin routing calls between India and China through under-sea cable lines operated by Flag Telecom. The deal marks the first-ever direct telecommunications link between the countries.
Google has joined more than a dozen other companies in the bidding to blanket San Francisco with a free Wi-Fi network. If it wins the contract, the deal could serve as a launch pad for a nationwide Google Wi-Fi network.