A record quarter for smartphone sales helped Rogers Communications exceed analysts’ expectations in the fourth quarter. The company reports a 3 percent gain in quarterly revenue to $3.26 billion and 88 cents in earnings per share – beating estimates of $3.19 billion and 72 cents per share.
Windstream posted fourth-quarter net income of $10.1 million, reversing a year-ago loss, as the company grew its broadband business. Windstream, which was spun off from Alltel, has been transforming its business to provide more lucrative broadband and data services.
Sprint is turning on LTE in some parts of San Francisco, Washington, D.C., and New York City. While these markets haven't officially launched, a Sprint spokeswoman confirmed "more and more reports of Sprint customers discovering LTE on their 4G LTE devices in San Francisco, Washington, D.C., and New York City."
Verizon Wireless completed three sales of its 700 MHz A- and B-block spectrum licenses to rural telecoms. Nortex Communications picked up the Texas RSA 6-Jack 700 MHz lower B-block license, and Panhandle Telecommunication Systems acquired the Texas RSA 2-Hansford 700 MHz lower B-block license.
It was an offer that Melani Griffith couldn’t refuse. Griffith started her new job at Penthera Partners, which reunited her with former Insight Communications head honcho Michael Willner. Griffith was hired as Penthera’s executive vice president of business development.
Kansas would lessen its regulation of telecommunications but begin to phase out consumer-financed subsidies for universal landline service under a bill approved by the state House. The House's 118-1 vote sends the measure to the Senate, where it also is expected to have bipartisan support.
Comcast has earned Carrier Ethernet 2.0 (CE 2.0) certification from the Metro Ethernet Forum (MEF), becoming the first service provider to achieve certification. There are several certification categories. Comcast earned certification for E-Line and E-LAN services.
The SCTE has moved Cable-Tec Expo from New Orleans in September to Atlanta in October. Shifts in the schedules of other major conferences created scheduling overlaps that would have been untenable for many vendors who intended to exhibit at almost any combination of events.
Standard & Poor's Ratings Services said that it has raised its credit rating on Comcast after the cable company agreed to buy the remainder of NBCUniversal it did not already own, for $16.7 billion. S&P raised the rating to "A-" from "BBB+" and said that the outlook is positive.
DirecTV beat Wall Street estimates for the fourth quarter, propelled by business operations, as well as asset sales and one-time tax benefits. The company posted earnings of $942 million, or $1.55 per share, for the October-to-December period.
Liberty Global said its fourth-quarter loss narrowed, helped by subscriber growth around the world. Liberty posted a loss of $331.3 million, or $1.27 per share, compared with a loss of $435 million, or $1.58 per share, in the same quarter the year before.
Opera Software announced that it has acquired Silicon Valley based Skyfire Labs, which specializes in mobile video optimization and cloud solutions for mobility. Skyfire also produces a mobile browser that allows iOS users to watch Flash-based video content on their devices.
Comcast will be using an upgraded version of Elemental Technologies’ video processing system to begin optimizing the delivery of linear video on demand. Comcast had previously used Elemental Technologies’ products to help deliver video on Xfinity.
Private equity firm GTCR and Rural Broadband Investments have struck a deal to buy NewWave Communications from Pamlico Corporation. Financial terms of the definitive agreement weren’t released, and neither was the target date for the closing.
Cisco's latest quarterly report provided further evidence that spending on technology gear is rising modestly in most parts of the world, despite persisting concerns about a still-shaky economy. During the quarter, the company announced it is dumping its Linksys unit.