Time Warner Cable announced it was upgrading its Ultimate 50 subscribers to a 100 Mbps service for free in Los Angeles, with New York City and Hawaii to follow. Time Warner Cable said the 100 Mbps tier would be available to all of its customers in those three markets by early 2014 and will launch in additional markets next year.
Comcast Ventures chipped in on a $60 million funding round for Nextdoor, which bills itself as a private social network for neighborhoods. Nextdoor, which launched two years ago, has more than 22,500 neighborhoods across the country actively using its social networking platform.
Australia's new government said Tuesday it will maintain a 2-year-old ban that excludes Chinese tech giant Huawei from working on the nation's high-speed broadband network. The conservative government elected last month has received briefings from national security agencies on the ban, Attorney General George Brandis said in a statement. He declined to give details.
Nokia reported Tuesday a third-quarter net loss as sales at the handsets unit it is selling to Microsoft continued to plunge. However, the network business, which will constitute the bulk of operations going forward, did well, causing shares in the company to rise.
Comcast has thrown its support behind viewers with disabilities by creating a dedicated accessibility customer team support as well as opening an accessibility product and development lab. As part of October’s National Disability Awareness Month, Comcast is also offering a special collection of disability-themed programming on its VOD platform.
This morning Synacor laid claim to being the first vendor in the industry to launch an in-home white label auto authentication platform for TV Everywhere services. Auto authentication would reduce one of the chokepoints of deploying multi-screen services, and Synacor’s offering recognizes a user’s broadband network-based pay-TV account for at-home mobile access or connects via a user’s social media login.
Liberty Global plans to sell nearly all of its Chellomedia international content division to AMC Networks in a deal worth about $1.04 billion. The international cable TV and Internet provider said Monday it will include Chello Multicanal, Chello Central Europe, Chello Zone, Chello Latin America and Chello DMC in the deal as well as stakes in several joint ventures
Arista Networks has demonstrated the ability to deliver uncompressed HD-SDI video over an IP network at wire rate. Fox and Arista said they expect all video production and distribution companies will eventually choose to not compress video during file transfers. The capability could be useful for sharing HD files with cable networks and other MVPDs.
The company and key investor Carlyle Group together sold approximately 38.5 million shares priced at $15 each, netting $576.9 million. CommScope had expected its IPO to price at $18 to $21 a share. The company said it will use its share of the proceeds to redeem $399 million in senior notes due in 2019.
Attendance at this week’s SCTE Cable-Tec Expo in Atlanta was somewhere in the neighborhood of 9,8000, which was a 6 percent increase over last year’s event that was held in Orlando. Attendance at the flagship event by the Society of Cable Telecommunications Engineers was boosted by the “DOCSIS 3.1 engineering” and “Creating the cable generalist” pre-conference symposiums.
Twitter has set a price range of $17 to $20 per share for its initial public offering and says it could raise as much as $1.6 billion in the process. The pricing is relatively conservative considering that Twitter is poised to pull off the year's hottest IPO.
Time Warner Cable and Al Jazeera America say they've reached a deal for the cable company to start carrying the channel. Al Jazeera America will be launched over the next six months on digital basic cable services in Time Warner Cable as well as Bright House Networks markets, including New York, Los Angeles and Dallas.
TiVo is enabling a feature that lets people watch recorded movies and shows while they're away from home. The feature comes with higher-end models of TiVo's Roamio digital video recorders, but wasn't working when the devices launched in August.
amsung Electronics Co. reported another record quarterly profit as a revival in its semiconductor business and strong shipments of cheaper handsets offset flat sales of high-end smartphones. The South Korean company, which is the world's largest maker of smartphones, memory chips and televisions, said Friday its July-September net profit rose 25 percent over a year earlier to 8 trillion won ($7.5 billion).
Cox Communications announced today that it has tapped seasoned telecom executive Steve Rowley to lead Cox Business. Rowley replaced Phil Meeks as the head of Cox Business following the departure of Phil Meeks to Time Warner Cable earlier this year.