Broadband Briefs for 11/03/08
• Cable One ups revenue 15% in Q3
By Traci Patterson
Cable One – the Washington Post Co.’s cable division with about 1.4 million cable, Internet and telephony subscribers, largely in the Gulf States and the Northwest – reported $181.8 million in third-quarter revenue, an increase of 15 percent year-over-year.
Cable One also reported $41.6 million in operating income, a 40 percent increase compared with the same period last year.
The cable operator lost 183 basic subscribers in the quarter, and 765 digital subs. But the operator added 7,345 high-speed Internet subscribers, and 5,022 VoIP customers.
• Rogers’ CEO hospitalized
By Mike Robuck
On Friday, Rogers Communications said that founder and CEO Ted Rogers was admitted to a hospital for what his company said was an existing cardiac condition.
With the length of Rogers’ stay in the hospital undetermined, he temporarily relinquished his CEO duties to Alan Horn, who is chairman of the board of directors for Rogers.
Rogers turned 75 in May. His son, Edward Rogers, 38, is currently the head of Rogers Cable.
• Verizon ups high-speed Internet reach
By Traci Patterson
Verizon has expanded the availability of its fastest high-speed Internet service, which delivers download speeds of up to 7.1 Mbps, to 6.6 million U.S. households.
Verizon will continue to expand the up-to-7.1 Mbps service to as many as 9 million households by the end of the year.
In addition, Verizon has upgraded its entry-level high-speed Internet service to 1 Mbps downstream and 384 kbps upstream, up from 768 kbps/128 kbps.
• Cable Connection, Wilco merge
By Brian Santo
A merger announced today will create one of the largest providers of custom cables and wire harnesses on the West Coast. The merging companies are Cable Connection, a manufacturer of custom cables and wire harnesses, and Wilco Wire Technology, a manufacturer specializing in OEM cable assemblies and harnesses.
“The combined company will be located in the former Wilco facility in Fremont, California, and will operate under the Cable Connection company name,” stated Greg Gaches, CEO and president of Cable Connection. And Judy Wilson, president of Wilco Wire, said: “With access to Cable Connection's high-volume, low cost manufacturing capabilities in China, the combined company will be able to provide the custom and specialized, high-quality products that both companies are known for, but in a more cost- efficient way that will be appealing to the high-volume customer base.”
In a related announcement, Cable Connection has signed an agreement with Norcomp, a manufacturer's representative. Cable Connection said the agreement significantly expands its direct sales force and provides it access to Norcomp's complementary base of customers.
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