Cable operators continue to have their core video business pressured through competition from DBS providers, but should they be looking over their shoulders at their telco competition, as well? So far, the most prominent deployment of digital television services over telco infrastructure in the U.S. has been to about 50,000 Qwest customers in Phoenix, Ariz.
Cablevision Systems Corp., under possible funding gap pressure, said Quadrangle Capital Partners has agreed to invest $75 million in the MSO. Convertible into Cablevision Class A shares, Quadrangle's investment is subject to approval by Cablevision's board. Upon the investment's closing, Steven Rattner, a managing principal of Quadrangle Group, will join Cablevision's board of directors.
8x8 Inc. unveiled Packet8, a telephone service that enables broadband Internet users to add digital telephone service in their homes. Packet8 offers several service plans, starting at $5.95 per month, that give subscribers unlimited telephone calls between Packet8 subscribers, voicemail, Web-based account management, bundled long distance minutes and features such as caller ID and call forwarding.
Copyright 2002 Bonnier Media Limited Trading as Business a.m. BUSINESS A.M.…11/06/2002 SCOTTISH & Southern Energy is stepping up plans to introduce a broadband system in remote parts of Scotland after the success of trials using standard three-pin electricity plugs. The company said that it was extremely encouraged by pilot projects, in Campbeltown and Crieff, where businesses and hom...
Copyright 2002 Toronto Star Newspapers, Ltd. The Hamilton Spectator…11/06/2002 The U.S. government yesterday expanded its civil fraud charges against WorldCom and the telecom giant raised its estimate of inflated earnings to more than US$9 billion in one of the most stunning accounting scandals in corporate history.
Buoyed by demand for digital video and high-speed data services, Charter Communications Inc. reported third quarter revenue of about $1.2 billion, up 13 percent, and operating cash flow of $497, up 9 percent versus the year-ago period. Charter said it added 211,000 revenue-generating units (RGUs) during the quarter, fueled by digital video and cable modem services.
Toledo, Ohio-based operator Buckeye CableSystem said it will upgrade and replace its legacy cable modem termination systems (CMTSs) with next-generation, DOCSIS 1.1-qualified gear from Motorola Broadband. More specifically, Buckeye will upgrade its plant by deploying Motorola's Broadband Services Router (BSR) 64000, a carrier-class CMTS/router, as part of an effort to support new DOCSIS 1.
Following a recent decision to add Scientific-Atlanta Inc. headends and set-tops to its digital mix, Cablevision Systems Corp. said it will activate nearly 1 million new digital homes and pass more than 3.3 million households with its iO: Interactive Optimum digital service by the end of November. The MSO said it will reach that figure after completing more than 750,000 activations during the m...
TechTV said it will shut down its New York, Seattle and Silicon Valley bureaus, a restructuring effort that will include the elimination of 19 positions. The network, available in more than 35 million U.S. households, said its San Francisco and Washington, D.C. bureaus will continue operation. The network said the reduction in bureaus was tied to a decision to cut back on the amount of programm...
Does what you watch say something about how technologically savvy you are? A new study says it does. Knowledge Networks/SRI, through the culling of survey data for the group's Home Technology Monitor, compares media technology "profiles" for regular viewers of 31 major television networks. The analysis came up with two sets of findings based on research from all TV households and "Cable-plus" h...
Copyright 2002 Warren Publishing, Inc. Communications Daily…11/05/2002 CE and cable industries are expected to submit proposed DTV interoperability standards to FCC Fri., setting stage for introduction of first sets with POD (point of development) modules by late 2003, industry sources said. Assuming FCC adopts proposed standards, details of which weren't available at our deadline Mon.
Cablevision Systems Corp. 's decision to sell off Bravo to NBC for $1.25 billion should address worries about the MSO's debt load, according to one analysis. Salomon Smith Barney, in a research note, said the deal is positive for Cablevision because it would be "significantly accretive" for the MSO and that it should "largely address concerns about [Cablevision's] funding gap.
We've been promised the emergence of the "smart" home for the past couple of years-our cell phones were going to be able to turn on our lights, hot tubs and ovens with the flick of a switch-but the existence of a variety of protocols has hampered smart home growth into the mass market, according to a new study from InStat/MDR.
Mediacom Communications Corp. said pro forma 3Q revenues rose 10.8 percent to $233.7 million, and operating cash flow jumped 17.2 percent to $97.5 million. The company partly attributed the gains to basic rate increases, digital re-packaging, growth in its high-speed data operations and "moderate" corporate overhead reductions.
Customer care and billing system provider CSG Systems announced today that it voluntarily withdrew a complaint it filed in June against Comcast Corp. Specifically, the complaint alleged that Comcast interfered with a long-term contract signed between CSG and AT&T Broadband. AT&T Broadband is slated to close its merger with Comcast later this month.