Broadband Briefs for 4/04/08
* Qwest CFO resigns
By Brian Santo
Qwest Communications EVP and CFO John W. Richardson (63), has resigned but will remain on duty until the company selects his successor.
“We want to thank John for all of his hard work during the past five years,” said Edward A. Mueller, Qwest’s chairman and CEO. “We believe that, in part due to John’s efforts, the company is on sound footing.”
* Aperto draws $20M in vencap
By Brian Santo
More evidence that WiMAX is getting hot: Aperto Networks said that it has collected $20 million in new equity funding.
Funding for the supplier of WiMAX base stations and subscriber units was led by Quicksilver Ventures and included participation from several previous investors, including Gunn Allen Venture Partners, JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO Ventures and Labrador Ventures.
Aperto tallies more than one hundred customers worldwide with its PacketMAX product line, according to president and CEO Mike Pratt, who said, “We will use this round of funding to solidify our position as the leading supplier of mobile and fixed WiMAX products to service providers and enterprise customers worldwide.”
* Canada’s Videotron ups subs in all 4 service categories
By Traci Patterson
Videotron – a Canadian operator that provides cable TV, Internet, telephony and wireless services – reported an increase in subscribers for all four of its services in the first quarter of 2008.
As of March 31, Videotron had 1.7 million cable TV subscribers, an increase of 14,100 sequentially. The operator posted a net increase of 34,600 subscribers to its illico digital TV service, bringing the total to 802,800.
Cable Internet subscribers increased 3 percent sequentially, to total 965,300.
In the first quarter, Videotron added 55,300 cable telephony subscribers, bringing the total to 691,600. And wireless customers increased by 5,500 in the quarter, for a total of 50,600.
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