Following the resignations this week of two key company executives, Adelphia Communications Corp. on Friday said it and some of its subsidiaries will miss more than $43 million in interest and dividend payments, and that two grand juries are slated to probe the MSO's finances. Specifically, the MSO said it missed a $23.
Looking to expand its high-speed Internet, data and integrated service portfolio, PowerNet Global Communications is snatching up almost all of Aleron's assets. PowerNet intends to operate the assets as a separate unit, dubbed Aleron Broadband Services LLC. The unit, which will conduct business out of Aleron's Herndon, Va.
Telecom equipment maker Nortel Networks continues to push forward in the wireless sector. The latest: Nortel has two contracts, one in the United States, and one in China. Over a five year period, Nortel will supply its CDMA2000 1X radio and packet core switching equipment to 3,500 base stations and related switching infrastructure to U.
New research from the Cable & Telecommunications Association for Marketing (CTAM) reveals that cable customers haven't changed much in terms of the way they pay for their monthly service. The most popular way to pay is still by mailing checks or money orders; CTAM pegs the number at 73 percent. That number hasn't changed much over the past few years — CTAM measured it at 77 percent in...
The strategic relationship between interactive services provider Gemstar-TV Guide and Thomson Multimedia began way back in 1996, but their partnership is getting a facelift, so to speak. The two companies today reiterated a common strategy to deploy Gemstar's Interactive Program Guide (IPG) in Thomson television and access devices, and mapped out a future timeline to broaden other areas of the ...
Although the IP cable telephony sector has yet to muster more than a few field trials, the deployment of traditional circuit-switched voice services over cable networks exceeded expectations in 2001 and is expected to continue that momentum through the end of this year, predicts a new study from Allied Business Intelligence.
Get more bang for your buck. EchoStar Communications Corp. is beefing up the capabilities of its DishPVR 501 satellite TV receiver to include caller ID and a search function. The search function enables subscribers to search by keyword to locate a program. The search can be based on an event's title, an actor's name or a specific word in the title.
Copyright 2002 The Deal L.L.C. The Daily Deal…05/16/2002 From LexisNexis Though Theodore Forstmann and Carl Icahn have made initial plays for control of beleaguered XO Communications Inc., the company's senior bankers could end up playing a significant role in the company's reorganization. In its quarterly report filed earlier this week, the Reston, Va.
The voice-over-DSL equipment market is expected to generate $646 million in revenue by 2004, according to RHK Consulting. And, Paradyne Networks is looking to snatch up a big piece of that pie with the acquisition of Jetstream's assets and intellectual property. On Friday, April 12, Jetstream ceased operations, saying the financial climate in the telecommunications industry forced the shutdown.
The hits keep coming at Adelphia Communications Corp. The day after founder, chairman and CEO John Rigas resigned, his son, Timothy, stepped down as executive vice president and chief financial office, chief accounting office and treasurer. Adelphia added that a special committee of the board consisting of three independent directors will conduct an investigation of accounting issues surroundin...
• Black Box unveils new router Black Box has introduced the Broadband Router. The router, which is compatible with Ethernet and Fast Ethernet networks, enables four or more desktop or laptop computers to share a single Internet connection. • ISG hits milestone, eyes larger markets ISG Broadband Inc.
High Speed Access Corp. said Nasdaq notified the company that it intends to delist HSA's common stock on May 21. HSA, which is appealing the decision, said it received notice on Monday, May 13. In the notice, Nasdaq said HSA has not owned or managed any revenue-generating business since Feb. 28, when HSA closed the sale of substantially of its assets to Charter Communications for about $81.
For sale … an extensive, yet only partially completed rich fiber network in the city of Sacramento. Buyer beware, though, as city residents have expressed a certain level of disdain for former owner. The bankruptcy saga of competitive overbuilder WINfirst continues, and potential buyers for the WIN fiber network are going public.
Less than a month after emerging from bankruptcy proceeding McLeodUSA Inc. continues to eye profitability. To get one step closer to its goal, the CLEC is selling some non-core assets to PrairieWave Communications Inc. The $88 million deal calls for McLeodUSA to sell its non-core ILEC operations in South Dakota, certain overbuild CLEC and cable television operations in South Dakota, southwester...
The DSL vs. cable modem race is in full swing, but reported numbers for new DSL subscriber adds from the major U.S. providers reflects slower growth as compared to the first quarter of last year. Verizon Communications recently reported that its sub numbers were up to 1.35 million, and that 55 percent of their 61.