Well it is official; NTL Inc. has filed its previously announced reorganization plan under the protective blanket of Chapter 11. The reorganization plan is based on an agreement with bondholders to swap $10.6 billion in debt into equity in two reorganized companies - NTL UK and Ireland and NTL Euroco.
The National Cable & Telecommunications Association (NCTA) said Wednesday that Insight Communications President and CEO Michael Willner was re-elected for a second term as chairman of NCTA's board of directors. Time Warner Cable Chairman and CEO Glenn Britt was elected vice chairman, and Adelphia Communications CEO and President John Rigas and Comcast Corp.
Overbuilder RCN Corp. has unveiled "RCN Essentials," a new family of bundled services designed to play up the company's core offerings and to lure more subscribers. For a flat fee ranging from $85 to $93 per month, the Essentials package is comprised of RCN's basic video package and one set-top, one phone-line with unlimited local calling and high-speed data service with the cable modem included.
In the words of Willy Wonka, "So shines a good deed in a weary world." Cisco Systems offer of hope for the tech sector could be considered a good deed by investors, the news lifted the cloud of gloom that has been hanging over tech stocks for several months. The telecom equipment maker's third-quarter profit exceeded forecasts, sending not only Cisco's stock up, up, up, but the Nasdaq combined ...
MIH Limited is looking for a way out of its interest in OpenTV, and Liberty Media Corp. is happy to oblige. Liberty will fork over $185 million in cash and shares to snatch up a controlling interest in the iTV technology provider. Under the terms of the deal, Liberty Media will acquire 365,460 Class A ordinary shares and 30.
Look out Jakarta, here comes high-speed wireless. Nortel Networks is being contracted by an Indonesian fixed wireless operator to build a CMDA2000 1X third-generation fixed wireless network. Nortel's CDMA2000 1X wireless technology will be used to connect customers to the public switched telephone network.
U.S. Representatives approved by voice vote Tuesday evening a bipartisan measure aimed at delaying the 700 MHz spectrum auction for the sixth time. The Senate has a similar measure on the table. The legislators, large carriers and CTIA all back the bill despite a current federal law requiring that the government sell license by September.
Day 3: A wave of companies will be showcasing their products and technologies this week at NCTA 2002 in New Orleans. The CED Magazine staff will bring you the latest news and product information each day live from the show. Below is a glimpse of what's happening at the show, but for complete show coverage visit: www.
Copyright 2002 Knight Ridder/Tribune News Service Knight Ridder/Tribune News Service …05/08/2002 From LexisNexis NEW ORLEANS - Federal Communications Commission Chairman Michael Powell sought Tuesday to clear up what he said was an inaccurate public perception of his agency's increasingly less strict treatment of media and telecommunications firms.
Charter Communications Inc. has pumped millions into its cable systems to enable the delivery of the "triple play" - voice, video and data services. To ensure a smooth operation, the MSO is turning to billing leader Convergys Corp. to provide outsourced billing services. Charter will rely on Convergys' ICOMS customer care and billing product to support the bundling of digital video, cable modem...
Texas Instruments Inc. and Motorola Broadband Communications Sector are joining forces to speed the delivery of DOCSIS 1.0, 1.1 and 2.0 certified cable modems to the broadband cable market. The deal calls for Motorola to incorporate TI's complete DOCSIS system into its SURFboard SB4220 cable modem. TI's complete DOCSIS system integrates DOCSIS physical (PHY) and media access control (MAC) layer...
Let the competition begin. Sprint is testing the waters in the broadband wireless technology market through two field trials, one in Navini Networks, and one with IP Wireless. May the best technology win. The trials are designed to test the "viability of next-generation technologies," says Cameron Rejali, Sprint's vice president of broadband wireless products and operations.
In the first quarter 2002, Time Warner Telecom results offered a mixed bag - revenue dipped slightly, but the quarterly pre-tax loss narrowed. Revenue fell slightly from $173.1 million in Q1 2001 to $168.7 million. The company blames non-recurring, acquisition-related revenue of $4.6 billion in the first quarter 2001 for the dip in revenue this year.
Although some may say it is a case of a minnow swallowing the whale, enScaler Inc. sees its acquisition of Lariat Software Inc. as a marriage of complementary technologies. The combined company will offer the streaming media market the whole enchilada: front-end, back-office and measuring capabilities.
Copyright 2002 Warren Publishing, Inc. Communications Daily…05/07/2002 From LexisNexis NEW ORLEANS — Cable executives touched the so-called "third rail" of high-speed Internet access at the NCTA convention, debating whether to charge customers more for higher speed or more bandwidth usage and reducing speeds for those unwilling to pay higher prices.