Covad Communications and SBC Communications signed a loan/revised agreement plan that Covad says will coincide with pulling out of bankruptcy by January 2002. The two value the deals at $150 million, $135 million of which is cash. The deals have four funding elements, and two main ones, says Covad co-founder and Executive VP of Marketing and Strategy Chuck Haas.
Jumping headlong into the cable network equipment market, Juniper Networks Inc. inked a deal to acquire start-up Pacific Broadband Communications for $200 million in stock. The deal, which is expected to close before the end of the year, will give Juniper access to PBC's "Kodiak" line of cable modem termination systems, as well as the custom silicon and software to run them.
Scientific-Atlanta will purchase Brussels, Belgium-based BarcoNet NV for about $154 million in cash. The company says the purchase will accelerate and build its European presence. Under the deal, S-A will launch a public tender offer for all outstanding BarcoNet stock with all outstanding options, warrants and convertible securities, it says, adding that major shareholders of about 40 percent o...
Time Warner Cable is taking shipments of the 500 Series digital cable set-top boxes from Pace Micro Technology, marking Pace's first cable set-tops shipped to the United States. TWC won't put a dollar figure on the deal, but the original order was for at least 750,000 of the boxes. The company will be receiving them and sending them to the field "very quickly," although the exact markets haven'...
The cable industry signed up 2.4 million new digital broadband customers in the third quarter — about even with the rate in the second quarter, a survey says. According to a member survey conducted by National Cable & Telecommunications Association, digital video signed on 1.5 million new customers and high-speed cable Internet landed 825,000 new customers during the time between July...
The California Cable Television Association pulled out some high-impact bait to reel in 2001 Western Show attendees. The organization, which hosts the show, just announced its speaker and moderator lineup. Tuesday's session, See Change! The Many Flavors of Interactive TV, will be moderated by Jim Louderback, VP and editorial director at TechTV.
Adelphia Communications' third-quarter net loss widened by nearly 84 percent over a year ago, but revenue, including the ABIZ unit, rose 23.5 percent. The company also said it will spin off its Adelphia Business Solutions unit by March. The company also saw its subscriber numbers jump — in some cases, more than 200 percent.
NCTI agreed to become a reseller of Tech Trainer from Pangrac & Associates. The series of simulator-style software programs teach and evaluate troubleshooting skills for broadband technicians and engineers. Tech Training is designed to target what's considered a broadband employee's weakest skill, which is troubleshooting, the company says.
Giving Microsoft Corp.'s interactive television strategy a big boost, Charter Communications Inc. said late Wednesday that it would deploy the Microsoft TV software platform to 1 million subscribers over the next seven years. Charter, which has been a champion of the "thick-client" advanced set-top approach, said it would offer Microsoft's software on Motorola Broadband-built DCT-5000 boxes and...
Awareness of digital cable TV service jumped 55 percent among urban women this year, a study says. Internet penetration in urban homes grew nearly 50 percent and daily Internet use rose 50 percent among urban women. Women's Worlds, from Horowitz Associates Inc.'s Surveys Unlimited unit, analyzed responses from 1,800 men and 2,200 urban women — 1,100 each in two separate surveys.
CableLabs says it's frozen PacketCable specs and will start testing vendor products for qualification next year. The organization also has worked with vendors to set up a working prototype of PacketCable's architecture in its Louisville, Colo., labs. CableLabs says it plans four PacketCable certification waves next year.
Insight Communications Co.'s third-quarter losses widened to $25 million, or 42 cents a share, on revenue that jumped 48.7 percent to $177.4 million. Revenue and operating costs increased after Insight's purchase of AT&T's Illinois cable systems earlier this year. The company's customer numbers also reflected the acquisitions.
In other news, CableLabs sponsored a test and demo of digital program insertion technology, based on Society of Cable Telecommunications Engineers standards. The tests, conducted at CableLabs between Oct. 22 and Oct. 29, determined whether vendors' equipment complied with SCTE's DVS 253 and DVS 380 standards.
SeaChange International Inc. will supply VOD and SVOD services to six additional Time Warner Cable services areas in the United States. The company already provided the services in TWC's Austin, Texas, division. SeaChange says it's presently shipping and installing its iTV systems to the new divisions.
EarthLink Inc. and America Online Inc. launched high-speed Internet trials on Cox Communications' systems in El Dorado, Ark. The six-month, open-access trials are the first for Cox. Cox picked the Arkansas location because it already had its own ISP, Cox Express, operating there, says Cox Director of Business Development Seth Hogan.