Best Buy's profits plummeted about 90 percent during its second fiscal quarter as weak sales and restructuring costs hit its bottom line. The weak financial results come after co-founder Richard Schulze walked away from an offer to move forward with talks to take the company private.
Time Warner Cable Business Class, the commercial services division of Time Warner Cable, recently scored a high-profile customer win after expanding its fiber-optic network to the Empire State Building. TWCBC is providing all tenants of the skyscraper with access to a dedicated Internet network that provides high-bandwidth capabilities and speeds that can reach 1,000 Mbps.
In its first year as a channel partner, Hale Communications announced it was the top sales leader in the nation for Charter Business services. St. Louis-based Hale brokers telecom services for more than 30 carriers across the nation, including Level 3, AT&T, tw telecom and Windstream.
TV Everywhere services are poised to hit the mainstream, according to a recent study by Infonetics Research. With the increased competition from telcos, satellite providers and over-the-top offerings, cable operators can reduce subscriber churn by offering TV Everywhere services to various devices.
Best Buy Co. has tapped Hubert Joly, the former head of global hospitality company Carlson and turnaround expert, as the nation's largest consumer electronics chain's new CEO and president. The announcement comes after the ailing retailer said that its offer to advance talks with company co-founder Richard Schulze on his takeover bid was rejected.
Liberty Media said it has boosted its stake in Sirius XM Radio and intends to take control of the satellite radio broadcaster if federal authorities approve. It bought 94.3 million shares in Sirius XM starting in the past week for $234.3 million, raising its stake to 48 percent.
Depending on who you ask, the government's approval of Verizon Wireless' AWS purchase is either a good thing or the end of competition as we know it for certain segments of the telecommunications industry. The head of the FCC said he was prepared to approve Verizon's acquisition of AWS spectrum from Cox Communications, Time Warner Cable, Bright House Networks and Comcast.
A top Dish Network executive says the company may need to partner with an existing wireless operator to construct its LTE network. Delays securing FCC clearance for its wireless plans may make it necessary to work with an incumbent provider, instead of constructing its own greenfield network.
Buckeye CableSystem is in the final stages of a project that would enable aggregate speeds of 90 Mbps on the upstream. Recently, Comcast announced that its Xfinity Platinum Internet tier featured 65 Mbps on the upstream, which matched Verizon’s fastest upstream speed that was launched in June.
Comcast is currently in a large field trial with HD digital transport adapters (DTAs), with plans to have them more broadly deployed in customers’ homes later this year.
The FCC and Justice Department are set to clear Verizon Wireless' $3.9 billion purchase of AWS spectrum from a group of cable operators.
Football fans in Cablevision’s New York metropolitan area footprint now have access to NFL Network and NFL RedZone, thanks to a new multi-year agreement between the cable operator and the NFL.
Verizon Wireless ticked off another milestone today, expanding its LTE network to cover three-quarters of the U.S. population.
Cisco Systems, the world's largest maker of computer networking equipment, is seeing its ambitions cramped by the global economic turmoil, but results for its latest quarter were strong enough that it announced an increase to its dividend. Cisco's sales in the latest quarter rose just 4.4 percent from last year, as customers in Southern Europe were in the grips of a recession and government customers on both sides of the Atlantic held back.
SeaChange International and TiVo’s video-on-demand (VOD) system, originally released to work on Motorola-based networks, is now also available for Cisco-based networks. SeaChange and TiVo have also added some new features to the system, called Cardio. Separately, TiVo’s new Premiere 4 incorporates four digital tuners to record up to four programs simultaneously.