News broke last week about Session Border Controller manufacturer Newport Networks, which has run into cash-flow problems waiting for deals to close.  Newport Networks was started by serial entrepreneur Sir Terry Matthews, reportedly Wales’s first billionaire, who also founded Newbridge (now part of Alcatel) and Mitel.

Last year Newport were lined up to supply their 1460 Session Border Controller to troubled equipment supplier Marconi.  Marconi themselves failed to become prime NGN suppliers to British Telecom, which ultimately resulted in the failure of the company.  The rump of Marconi has now been absorbed into Ericsson.

Newport have announced layoffs, as reported at ZDNet and in the UK Guardian Newspaper, in an attempt to reduce cash burn while waiting for the business to arrive.  It’s ironic with CALEA in the headlines and telcos rolling out NGNs that a provider of the enabling technology should have run onto the rocks.  Let’s hope the Newport investors can keep their nerve.