Broadband Briefs for 06/02/10
• Cox Business’ Security Suite expands
By CED staff
Cox Business’ Security Suite service has been extended to Cox Business’ Internet subscribers in its Kansas, Las Vegas and San Diego, Calif., markets.
Cox Business Security Suite is free to Cox Business Internet subscribers and is powered by McAfee SaaS security technology and safeguards business software and data.
The Security Suite was launched earlier this year in Cox’s Virginia market, and the company plans to extend the service to additional markets throughout 2010.
• Fitch places Mediacom ratings on watch list
By The Associated Press
SEATTLE (AP) – Two ratings services weighed in on Mediacom Communications Corp.'s proposed plan to go private, saying the move could hurt the television cable company's credit ratings. Mediacom said Tuesday that its founder and CEO, Rocco Commisso, offered to acquire all the company's shares he doesn't already own for about $245 million.
Fitch Ratings placed Mediacom's "B+" issuer default rating and certain other ratings for the company's senior secured and unsecured debt on Rating Watch Negative. Fitch said it thinks the proposed transaction will stress Mediacom's ability to generate free cash flow. If the transaction is financed with debt, the company's leverage would be too high for Fitch to maintain the current ratings.
Moody's also said that its ratings for Mediacom could come under pressure if the company decides to go private. Moody's has a Ba3 rating for new bank credit facilities for Mediacom's subsidiaries.
Both the Fitch and Moody's ratings on Mediacom fall into the junk category.
• Broadcom Wi-Fi chip handles HD streaming
By Brian Santo
Broadcom has samples available of a new single-chip 802.11n dual-band 3x3 wireless receiver/transmitter.
The BCM4331 Wi-Fi chip can achieve 450 Mbps data rates in client devices and over 600 Mbps throughput (TCP/IP) in 3x3 AP/router configurations, Broadcom said. That should be enough to handle the biggest bandwidth hog in most households, high-definition video streaming, as well as backup, storage, multiplayer gaming, audio streaming, wireless printing and photo sharing.
The new member of the company’s Intensi-fi family of products offers three transmitting and three receiving streams of data in either the 2.4 GHz or 5 GHz frequency bands. An increased number of data streams and antennas results in faster speeds, longer range, fewer dropped connections and better overall wireless coverage, Broadcom said.
• Sony Ericsson appoints new CTO
By Monica Alleven, Wireless Week
Sony Ericsson is getting a new chief technology officer. The company today said that Jan Uddenfeldt, currently senior vice president and senior technology advisor to the CEO of Ericsson, will become corporate vice president and CTO of Sony Ericsson effective July 1.
At the same time, Uddenfeldt will assume the newly created role of head of Sony Ericsson Silicon Valley. He will be based at the company’s Redwood Shores, Calif., offices and will report directly to Bert Nordberg, president of Sony Ericsson.
Uddenfeldt brings 30 years of experience in the telecom industry, during which time he has served as CTO of Ericsson, as well as led the company’s development of both GSM and 3G technologies. He also has experience in building technology partnerships and alignment with leading operator customers in the United States, Europe, Japan and China. Since 2008, he has been based in San Jose, Calif., and has been responsible for technology strategies for the Ericsson Group.
Co-parent Ericsson is no stranger to Silicon Valley. Last November, Ericsson President and CEO Hans Vestberg appointed CTO Håkan Eriksson to head Ericsson in Silicon Valley, home to IP companies that Ericsson acquired. Eriksson succeeded Nordberg in that position.
• Alpha names Bhatt VP of engineering
By CED staff
Alpha Technologies has appointed Pankaj (PH) Bhatt as vice president of engineering.
Bhatt has held a number of technical leadership positions with MahindraSatyam Computer Systems, Dell, Tellium, AT&T Bell Labs and Siecor/Corning Cable Systems, to name a few.
Drew Zogby, president and COO for Alpha Technologies, said, "PH's senior-level leadership experience in engineering and product design of broadband network solutions used all over the world fills a very important role for us as we continue that tradition."