Broadband Briefs for 11/24/09
• Lenders try (again) to block Charter reorganization
By Brian Santo
Charter Communications’ debt reorganization plan is being challenged again, by largely the same group of lenders that objected in the past. The bankruptcy court hearing the case approved the reorganization last week; JPMorgan Chase and other lenders announced they intend to file immediately with the Second U.S. Circuit Court of Appeals.
The ruling last week reinstated payment for their debt at below market rates, the lenders complain. They are seeking a stay of last week’s order.
A stay pending appeal without a bond is a free shot without consequences for the objectors – the losers of the confirmation trial – but an enormous transfer of risk to the debtors – the winners of that trial," said Charter lawyers quoted by The Puget Sound Business Journal. "By seeking a stay, the objectors hope to derail this carefully balanced and negotiated prearranged plan, confirmed by the court, in pursuit of their own individual aspirations for a richer deal for themselves."
• Samsung lands Rovi’s TV Guide widget
By Traci Patterson
Rovi’s TV Guide widget, which helps viewers find information on TV shows and programs that are airing, has launched on Samsung HDTV’s Yahoo TV Widget Engine platform. The widget gives viewers a snapshot of what’s on 28 of the most popular television channels.
“Our customers continue to want cutting-edge services that bring rich, interactive experiences to their television screens,” said Kyung-shik Lee, vice president of Samsung Electronics. “Rovi’s television guides enable viewers to connect with the content that matters to them most, and we are very pleased to be able to offer a compact version of this capability in the form of the TV Guide widget. Our Internet@TV, powered by the Yahoo Widget Engine, brings consumers the ability to experience the variety of the Internet and the simplicity of television.”
In July, Rovi said it would have an advanced guide available for direct integration into consumer electronics by the beginning of 2010. Another version designed specifically for service providers, with expanded capabilities to support addressable advertising, will follow some months later.
• Mushroom expands VAR program
By Brian Santo
Mushroom Networks announced a value-added reseller (VAR) program that will enable authorized partners to resell the company’s line of Broadband Bonding products to the Internet service provider and IT services market sectors.
Mushroom’s bonding technology combines any type of Internet connection (DSL, cable, wireless, etc.), in almost any combination, into a single Internet connection.
Mushroom Networks’ VAR program covers the company’s complete line of products, ranging from its flagship Truffle, with the ability to combine up to six wired broadband connections plus one USB cellular card, to PortaBella, a wireless solution that combines up to four USB cellular cards targeting various mobile applications such as traveling sales, temporary offices, live video streaming and broadcast news teams.