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Broadband Briefs for 6/30/08

Mon, 06/30/2008 - 8:00am

Charter announces results of private debt exchange offer
By Mike Robuck

Charter Communications announced today that as of 11:59 p.m. on Friday, approximately $338 million aggregate principal amount of 10.25 percent senior notes due 2010 – which are the “old notes” issued by its subsidiaries CCH II, LLC and CCH II Capital Corp. that are collectively known as CCH II – had been validly tendered in exchange for additional CCH II 10.25 percent senior notes due 2013.

Based on the “modified Dutch auction” process described in the May 27 confidential offering memorandum, the clearing exchange ratio for the offer is $1,077.50 principal amount of new notes per $1,000 principal amount of old notes. Charter said that approximately $364 million in principal amount of new notes will be issued to holders whose old notes were accepted for exchange. Holders will also receive accrued and unpaid interest to, but not including, the settlement date, which is expected to be on or about July 2, according to Charter.

Additionally, the new notes have not been registered under the Securities Act of 1933, as amended, and can’t be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

FCC to hold broadband open session
By Brian Santo

The Federal Communications Commission (FCC) has scheduled a public hearing on broadband and the digital future, to be held on the campus of Carnegie Mellon University in Pittsburgh on July 21.

While the FCC did not publish an agenda, almost certain to be addressed is the proposal for a single, national wireless network available for use to emergency responders. The proposal is in limbo after the last FCC wireless spectrum auction, in which the spectrum set aside for that purpose failed to get a bid that matched the minimum requirement.

The FCC said that it has scheduled a lineup of expert panelists to comment on broadband and the digital future. Seating will be available on a first-come, first-served basis. The public may also file comments or other documents with the Commission by paper or electronically here Filing instructions are here.  

XAVi to use Ikanos gateway chips
By Brian Santo

Ikanos Communications said that XAVi Technologies will use Ikanos’ Fusiv Vx180 high-performance gateway processor for its VDSL2/ADSL2+ triple-play residential gateways. The XAVi residential gateways will be sold globally, with a primary focus on the North American and European markets.

Jack Liu, associate VP of research and design at XAVi, said of Ikanos and its Fusiv parts: "The company's gateway processors give us the ability to design and deliver the optimal product for service providers: a cost effective and backward-compatible residential gateway capable of supporting both today's ADSL installed base and the next-generation of high-performance VDSL2 solutions."

More Broadband Direct:

• Clark out as president, CEO of SCTE 

• Court upholds rules pushing fast video franchising 

• AT&T moving headquarters to Dallas 

• Murdoch's News Corp., Permira look to take NDS private 

• Wi-Fi Alliance certifying devices for voice over Wi-Fi apps 

• Bright House's Babinski takes Cable-Tec Games gold 

• Attendance up at Cable-Tec Expo 

• Broadband Briefs for 6/30/08 

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