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Broadband Briefs for 6/12/08

Thu, 06/12/2008 - 8:00am
Traci Patterson

• Cablevision promotes Doodian
By Traci Patterson

Cablevision has promoted Robert Doodian to SVP of corporate employee relations and staffing.

He will be responsible for all employee relations and staffing functions across Cablevision’s business units. Doodian will also oversee Cablevision’s functions for internal communications and employee services.

Doodian joined Cablevision in 1999 as area director of corporate relations. In 2002, he became VP of corporate employee relations. Prior to Cablevision, he served as director of human resources for a division of PricewaterhouseCoopers. Before that, he held several management roles in labor relations, employee relations and compensation at KeySpan Energy Delivery, now known as National Grid. Doodian began his career in 1985 at Coopers & Lybrand, now part of PricewaterhouseCoopers.

• Louisiana revisits state franchise bill
By Brian Santo

The Louisiana House of Representatives has passed a statewide cable franchising law. The bill goes to the state’s Senate and then has to be signed into law by the governor.

Louisiana’s law is slightly different from other states’ laws in that it provides exceptions for its largest cities and several large parishes (a rough equivalent to counties in other states).zA similar bill was devised in 2006 but was vetoed by Kathleen Blanco, the governor at the time. Current Gov. Bobby Jindal has taken no public position on this latest version of the bill.

• Clearwire predicting 30M subs by 2017
By Brian Santo

Clearwire is forecasting more than 30 million customer accounts by 2017 for the national WiMAX network it is building, representing revenue of more than $17.5 billion.

Clearwire is in the process of being acquired by Sprint Nextel, in a deal financed by venture partners that include Bright House Networks, Comcast, Time Warner Cable, Intel and Google.

The information was delivered in a slide presentation to investors. The company also said that it expects its WiMAX footprint, by 2017, to include as many as 220 million people.

• Monster Cable is going wireless
By Traci Patterson

Monster Cable Products Inc. is introducing a set of two boxes – a receiver that plugs into the back of a high-definition television (HDTV) and a transmitter that connects to a DVD player or another component of a home entertainment center – enabling Monster Cable to go wireless.

The transmitter can send an HD video signal, wirelessly, up to 30 feet to the receiver using ultra-wideband (UWB) technology from Sigma Designs Inc.

The Monster Digital Express HD boxes will be available in October for $299.95 each.

• Verizon Telecom selects Nortel for metro Ethernet expansion
By Traci Patterson

Verizon Telecom has selected Nortel to provide a new generation of switching equipment to aid the telco in expanding its metro Ethernet backbone.

Verizon has chosen the Metro Ethernet Routing Switch (MERS 8600). This platform provides Provider Backbone Bridge (PBB) technology, MPLS-related technology and the Metro Ethernet Manager (MEM) system. Verizon will be testing all the MERS technologies in its laboratories for use with its Ethernet-based networks, including the Switched Ethernet Services (SES) network, Nortel said.

The Nortel solution includes PBB and Ethernet OAM technologies. Nortel's PBB-based solution enables service providers to significantly scale their networks. Additionally, fault monitoring allows rapid troubleshooting to meet strict Service Level Agreements (SLAs) and ensures a better customer experience.

Cogent’s board authorizes repurchase of additional shares of common stock
By Traci Patterson

Cogent’s board of directors has authorized the company to repurchase up to an additional $50 million of its shares of common stock in open market and negotiated purchases through Dec. 31, 2009. This is in addition to the $50 million authorized by the board in August 2007.

Cogent said that it implemented the program “due to its faith in its growth opportunities, and that it believed the program would benefit its stockholders.” Cogent currently has approximately 46.2 million common shares outstanding. Cogent has repurchased approximately 2.8 million shares for approximately $50 million since August 2007, and it had previously repurchased 1.8 million shares of its common stock for $50 million on June 6, 2007, in conjunction with its issuance of $200 million of convertible notes.

These repurchases, if and when made, will be made subject to market conditions, applicable legal requirements and other factors. This plan does not obligate Cogent to acquire any particular amount of common stock, and the plan may be suspended at any time at Cogent’s discretion, the company said.

More Broadband Direct::

• Comcast boosting upstream data speeds 

• 3 ISPs to block child porn newsgroups 

• Study: Cable industry employs 1.5M nationwide 

• Aurora enhances Smart Media Converter modules 

• LRG: 84% of U.S. adults aware of digital transition 

• CommScope intros cabinets, apparatus devices for VDSL 

• Broadband Briefs for 6/12/08 

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