• Shentel picks up JetBroadband for $148M
By Brian Santo
Shenandoah Telecommunications (Shentel) is set to purchase the cable operations of JetBroadband Holdings for $148 million.
JetBroadband’s networks are in southern Virginia and southern West Virginia. They pass approximately 114,000 homes and have approximately 66,500 revenue-generating units (RGUs).
Shentel said the acquisition will be financed with a credit facility that will close simultaneously. Closing will occur upon receipt of regulatory approvals, which the company said should occur in 90 to 120 days.
Shentel has been gradually buying cable systems. It bought NTC in 2004 and Rapid Communications in the summer of 2008.
• Court sides with Cox over Verizon in VoIP patent lawsuit
By CED staff
On Friday, the United States Court of Appeals for the Federal Circuit backed a lower court’s finding that Cox didn’t infringe on six of Verizon’s VoIP-related patents.
Verizon’s patent infringement lawsuit case was filed in January of 2008. Verizon sought $404 million in past damages from Cox, but in October of 2008, a federal court jury in the U.S. District Court for the Eastern District of Virginia ruled in favor of the cable operator.