NextWeb Inc. is going shopping again. This time around, the fixed wireless network service provider has agreed to acquire the assets of bankrupt Worldwide Wireless Networks. NextWeb views the acquisition as an opportunity to expand its high-speed business Internet access service into more markets in the United States.
Since its debt-restructuring plan has failed to win 100 percent consensus from its bondholders, Knology Broadband Inc. has filed for Chapter 11 bankruptcy protection from its creditors under a prepackaged plan. The overbuilder plans to swap $444.1 million in 11.875 percent bonds due in 2007 for $193.
Microsoft Corp. is throwing its arms around broadband home networking with the introduction of a product line that includes wired and wireless options. The software giant unveiled the products at the IDG Executive Forum DEMOmobile conference today. In all, Microsoft introduced 10 networking products, for wireless and wired home networks.
DirecTV is looking to haul NDS Limited into court again. The latest: the satellite provider has filed a lawsuit against NDS charging breach of contract, fraud and misappropriation of trade secrets, among other things. NDS plans to file counterclaims. The suit, filed under seal in the U.S. District Court in Lost Angeles Sept.
Copyright 2002 Reed Elsevier Inc. Daily Variety…09/19/2002 From LexisNexis RealNetworks and AOL will announce today a deal to use Real's technology for the Internet giant's interactive and streaming-video advertising and for delivering entertainment, particularly through AOL's high-speed broadband service.
Time Warner Cable's Oceanic division is widening its interactive-TV portfolio with deployment of Navic Networks ' "Settop Data Services" software to support two new applications. Oceanic, which serves 375,000 cable customers in the Hawaiian Islands, has launched Newton, Mass.-based Navic's audience-polling application to its interactive lineup.
Cable modems continue to be the access mode of choice for broadband users in the residential and business sectors, but DSL is not too far behind, one analysis says. Roughly 58 percent of broadband customers in the United States get their access via a cable modem, according to research firm The Yankee Group.
The University of North Carolina at Wilmington was looking to converge its voice and data networks, and turned to Avaya Inc. to make it happen. Working with Convergion LLC, Avaya took on the task of upgrading the University's communications network to enable the 10,000-student campus to converge its voice and data networks and expand the capabilities of its existing circuit-switched voice appli...
Copyright 2002 The Hearst Corporation The Times Union (Albany, NY)…09/17/2002 Adelphia Communications Corp.'s former Chief Executive Officer John J. Rigas and three sons who were board members want to use the cable television company's insurance to help pay their legal bills. Rigas and his sons are asking a federal bankruptcy judge to lift a freeze on Adelphia assets and allow them to tap...
BroadbandPlus - The New Western Show will open up with a one-on-one interview with Comcast Corp. President Brian Roberts. Show organizers have yet to reveal what Roberts will be addressing or who will be firing off the questions. Roberts has been tapped to run the newly combined AT&T Comcast unit, once the merger is approved, which will most likely be before the exhibit hall opens for busin...
Sometimes sports fans just need a fix. TVN Entertainment believes it has found a way to satisfy this need through a video-on-demand deal with ESPN. Although financial terms of the deal were not disclosed, it gives TVN distribution rights to select ESPN content, including SportsCentury Series, college football, college basketball, boxing, X Games and certain games on a time-shifted basis.
Although many cable and DSL providers are devising plans, including tiered pricing, to convert narrowband users to broadband subscribers, the majority of Americans have not yet warmed up to the Internet at all, let alone broadband, one analysis says. Broadband access is still attracting the upper echelon of Americans, not the mass market.
New Line Television has become the latest content provider to be wooed by iN Demand. Financial terms were not disclosed. The multi-year deal gives iN Demand access to New Line Cinema's library titles and current releases, including all three films in "The Lord of the Rings Trilogy;" "Austin Powers: Goldmember;" "John Q;" "I Am Sam;" "Blade II;" and "Simone.
Marking its third customer win since making its fiber-to-the-user platform commercially available in July, Alcatel will deploy its 7340 FTTU solution in Chelan County, Wash. The multi-million dollar agreement calls for overbuilder Chelan County Public Utility District to deploy Alcatel's 7340 FTTU solution for a new high-speed optical network in the county.
Alcatel Optronics expects third-quarter sales to plunge 50 percent sequentially, leaving the optical-network component maker no other choice but to eliminate two-thirds of its staff. Alcatel Optronics, an Alcatel subsidiary, plans to cut 1,050 jobs by mid-2003. After the cuts the company will employ roughly 500 people.