Broadband Briefs for 06/23/09
• OpenTV gears up digital cable launch in China
By Mike Robuck
China’s Southern Yinshi Network Media Ltd., a subsidiary of Southern Media Corp., announced today that it’s using OpenTV’s end-to-end middleware platform for a digital cable conversion project.
Southern Yinshi is responsible for the digital conversion of 18 municipal and city cable networks of Southern Media Corp. The conversion project includes a user interface and an interactive mosaic, as well as weather and customer care applications. The new platform has initially launched with Southern Yinshi in the Yangjiang municipality of the Guangdong province. More than 1.2 million customers are expected to benefit from the migration to the new platform.
“OpenTV is committed to China and has built a strong local presence and partnerships in this country,” said OpenTV CEO Ben Bennett. “Our goal is to help local operators such as Southern Yinshi grow and generate revenue through the adoption of complete, high-performance and reliable solutions for digital cable, which the Chinese market now requires. We will continue to work closely with Southern Yinshi and the Southern Media group to help them provide the best services to their viewers through the highest-quality technology available.”
• Verizon expands HSI service in Penn.
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, in Pennsylvania.
The service is now available to 232,000 more Pennsylvania households, bringing the total number of homes that can order the service in the commonwealth to more than 1 million.
Verizon’s high-speed Internet service is available to more than 25 million households in parts of 24 states and the District of Columbia.
• Alvarion shares climb after Italy deal
By The Associated Press
NEW YORK (AP) – Shares of Alvarion Ltd. jumped Tuesday after the Israeli provider of wireless broadband technology and services said it was chosen to deploy a nationwide mobile wireless data network in Italy.
The order is from Aria SPA, an Italian wireless Internet service provider. Financial details were not disclosed. However, Lawrence M. Harris, an analyst with CL King & Associates, said in a note to investors that the value of the deal is more than $20 million over the next two to three years.
"The Aria announcement does not change our near-term forecast for Alvarion, but adds to our confidence in the company's outlook," wrote the analyst, who rates Alvarion "accumulate" with a target price of $5. Harris said he expects a profit of 2 cents per share for 2009. He said the Aria deal represents "the second major contract reported by Alvarion in the past week."
On June 17, the company said it signed a deal worth more than $100 million over five years with U.S. rural broadband wireless operator Open Range Communications Inc. (story here). Alvarion's U.S.-traded shares rose 38 cents, or 9.6 percent, to $4.33 in afternoon trading. The stock has changed hands between $2.36 and $8.15 in the past 52 weeks.