Broadband Briefs for 04/22/09
• Mediacom puts Seaton on board
By Traci Patterson
Mediacom Communications has appointed Scott Seaton to its board of directors, effective immediately. He will serve on the board’s Audit Committee.
“Scott is an excellent addition to our board of directors,” said Rocco Commisso, Mediacom’s chairman and CEO. “He has broad and deep knowledge of the cable, media and telecommunications industries, as well as more than two decades of experience in structuring capital market transactions, advising on mergers and acquisitions activities, and strategic planning.”
Seaton is currently a partner of Londonderry Capital, a financial advisory firm that focuses on media and telecommunications companies. From 2002 to 2009, Seaton was a managing director in the technology, media and telecommunications investment banking group at Bank of America. Prior to that, he worked in the investment banking department at Credit Suisse First Boston, where in 1996 he was promoted to managing director and was responsible for relationships with clients in the media and telecommunications industries.
• Verizon lowers price of triple-play bundles
By Traci Patterson
Triple-play packages of Verizon’s FiOS Internet, FiOS TV, and Verizon Freedom unlimited local and long-distance calling services are now available for $100 per month.
FiOS TV offers more than 100 high-definition (HD) channels, as well as 1,300 HD video-on-demand (VOD) titles each month. And customers have the option of using Verizon’s Home Media DVR, which boasts Media Manager and multi-room DVR features. And the telco’s interactive media guide (IMG) offers widgets and remote DVR management.
Additionally, Verizon is bundling high-speed Internet, local and long-distance calling services, and DirecTV service – starting at $79.99 per month. Verizon is also offering its non-bundled high-speed Internet service with a lifetime price guarantee of $17.99 per month for speeds of up to 1 Mbps, $27.99 per month for up to 3 Mbps, and $37.99 per month for up to 7.1 Mbps. Customers must sign up for a two-year commitment.
• Netgear bows coax/Ethernet adapter kit
By Mike Robuck
Netgear said its Multimedia over Coax Alliance (MoCA) coax/Ethernet adapter kit is now available for purchase in North America.
San Jose, Calif.-based Netgear said the adapter kit was specifically designed for high-definition streaming and online gaming applications. The kit enables consumers to distribute HD digital video and multimedia content, as well as connect Ethernet-ready devices such as HDTVs, Blu-ray players, DVRs and game consoles, to a high-speed home network.
The kit works with both wired and wireless routers and gateways and uses a home’s existing coaxial cable. By using MoCA, Netgear said the kit was compatible with major cable TV services and homes that have been wired for cable. The adapter kit can deliver up to 270 Mbps transfer speeds.
• FairPoint: Device containing employee info missing
By The Associated Press
As if things couldn’t get worse for FairPoint Communications: The telecom company said Tuesday that a portable data storage device containing personal information of its employees was reported missing earlier this month. The company said the incident took place April 8 and affects 4,400 people, including all current and some former employees.
FairPoint said it has launched an investigation and that there is no indication that any data has been "improperly accessed." The company said information on the device may have included names, home addresses, phone numbers, social security numbers, birthdates, and compensation and employment information. It did not contain customer or financial account information.
FairPoint said it has notified authorities and regulators in the areas where the individuals whose data was on the device live. The company has traced the incident to a failure by an employee to follow company security policies and said "appropriate personnel action" was taken.
• Move Networks buys Inuk Networks
By Mike Robuck
Move Networks, a provider of Internet TV services, has bought Inuk Networks. The financial terms of the deal weren’t available.
Inuk Networks, a triple-play provider based in the United Kingdom, has developed a wholesale IPTV platform that can be used by any service provider or retail brand that wants to deliver a TV service to its customers. Inuk’s “igloo” virtual set-top box application can provide a multi-room platform for the delivery of video to PCs and Macs.
Move Networks helps broadcasters – including ABC, Fox and The CW – deliver live and on-demand video to PCs and other Web-enabled devices without buffering.
• WD’s My DVR Expander enlarges TiVo’s DVR capacity
By Traci Patterson
WD’s My DVR Expander is now available with 1 TB of capacity. Consumers can expand their TiVo DVR recording capacity by attaching the My DVR Expander to their TiVo DVR.
The service is compatible with TiVo Series3 and TiVo HD DVRs and is capable of storing up to 140 hours of high-definition programming based on 1 TB of hard drive storage. My DVR Expander is available in the U.S. through WD's online store for $199.99.
"As the amount of HDTV programming continues to grow, TiVo customers have an even greater demand for storage capacity," said Dale Pistilli, vice president of marketing for WD's branded products group. "WD's My DVR Expander lets consumers spend more time enjoying a wider variety of recorded programs, rather than figuring out which shows to delete when they run short on disk space."