Verizon reported that for its second quarter, it netted gains of 161,000 FiOS Internet and 140,000 FiOS video subscribers. Those video adds push Verizon’s video subscriber total up above 5 million. Net income at Verizon Communications was $2.25 billion, or 78 cents per share, up 23 percent from a year ago.
One of Britain's most senior security officials has been assigned to review a cybersecurity center operated by Chinese company Huawei following concerns that the telecommunications firm — which is playing an increasingly large role in Britain's Internet infrastructure — can't be relied on to police its own systems.
Anchorage-based General Communications Inc. (GCI) took the wraps off a new business services website this week to help its customers learn more about its technologies and services. On the new site, GCI’s business customers can reference case studies from businesses such as Jack White Real Estate, CIRI Alaska Tourism and Associated General Contractors, among others.
The video universe that once meant simply broadcast television, then added cable and satellite, has splintered again to encompass websites including YouTube and streaming services including Netflix and Amazon. If Netflix's "House of Cards" and "Arrested Development" on Thursday become the first online contenders to nab top Emmy nominations, it will be a breakthrough moment for shows making a splash without the aid of a TV set.
Bright House Networks Business Solutions is now offering small and medium-sized businesses a cloud-based VoIP service. The turnkey Hosted Voice service provides businesses with all of the necessary hardware, technology and tech support for one monthly price. Hosted voice gives SMBs a feature rich service without the need for using their own IT resources, or buying the equipment.
Workforce management specialist TOA Technologies just raised a whopping $66 million from a venture capital company, money the company plans to use to for global expansion. The latest investment was from Technology Crossover Ventures. TCV's Tim McAdam will be joining TOA Technologies' board of directors.
In the hopes of wooing commercial customers from cable operators, MegaPath has launched new business-class Ethernet services. MegaPath said its new, assymetrical Ethernet services were available in 517 central offices (COs) featuring speeds up to 50 Mbps down, 10 Mbps up, with the goal of availability in 700 COs and speeds up to 150/10 by the end of the year.
FreedomPop is gearing up to make the jump from WiMax and hotspots to LTE and smartphones and it will have an extra $5 million in funding at its disposal for the transition. The freemium-model MVNO announced funding came in from existing investors in an A.1 series, bringing its total funding up to $16 million.
Following nine long months of bids, revised bids, public beefs and lawsuits, Sprint late yesterday announced the completion of its merger with Japanese carrier SoftBank. With Sprint absorbing Internet wholesaler Clearwire in a deal finalized Monday, both Sprint and Clearwire are now effectively under the control of SoftBank.
Tivli, a startup TV service founded specifically to provide multi-screen delivery of video on college campuses, just picked up $6.3 million in investments from a coalition of investors that include HBO and Mark Cuban. Tivli takes a live feed from an MVPD and encodes it to provide unicast streams to student devices on high-speed university data networks.
Cable pioneer and Liberty Media chairman John Malone believes there needs to be a wave of consolidation among large cable operators in order to achieve economies of scale. Malone, who was interviewed by a Reuter’s reporter during a conference in Sun Valley, Idaho, pointed at Time Warner Cable as a potential buyer.
CI Broadband announced yesterday that it had completed its deal to buy James Cable, which was first announced in April. BCI Broadband, which was formed by former executives from Bresnan Communications, also announced that it has added cable pioneer Alan Gerry to its advisory board.
Following up on last month’s qualification of DOCSIS Provisioning of EPON (DPoE) devices by CableLabs, Broadcom announced this morning that its chipsets were ready to go to market. Broadcom said its end-to-end EPON ONU and OLT chipsets and DML software were ready to be deployed in DPoE 1.0 environments.
Live Events can acquire event feeds from any source – including satellite, terrestrial fiber and Internet – then transcode and deliver the content to broadcasters and other commercial customers. The service also provides proactive monitoring and redundancy over Verizon's global network.
The FCC has given its blessing to SoftBank’s $21.6 billion merger bid for Sprint and Sprint’s $5 per share buyout bid for Clearwire. In the order, the Commission concluded that the proposed transaction will likely result in public interest benefits.
Samsung is reported to have purchased over-the-top box designer Boxee, for something less than the $28.5 million that had been invested in the company. Boxee had attempted to raise another $30 million in venture capital, but eventually decided instead to sell.
In an effort to keep its subscribers from churning away, Rogers Communications announced this morning that it would launch a customer loyalty program in key markets this summer. The program, which is called “Rogers First Rewards,” allows Rogers customers to earn points that can be redeemed online for discounts on Rogers’ products and services.
Charter Communications has wrapped up is $1.62 billion purchase of Cablevision’s Bresnan Broadband Holdings, which the latter called Optimum West. The immediate result is that Charter, which is the nation’s fourth-largest cable operator, has added systems in Colorado, Montana, Wyoming and Utah that pass more than 660,000 homes and serve 375,000 residential and business customers.
Tribune Co. has reached a deal to buy Local TV Holdings LLC's 19 TV stations for $2.73 billion in cash, significantly boosting its television business as it looks to sell its newspaper operations. The company said the acquisition makes it the No. 1 local TV affiliate group in America.
The MSO’s Summer of Kids has a dual purpose. First, it is aimed at driving viewers to its on-demand library of family-friendly content. The company is using the occasion to introduce a set of search and discovery features. Comcast is also opening its Wi-Fi network to all comers for two weeks.
Comcast Business has hired Matt Fassnacht as the new vice president of its Western Region. Prior to joining Comcast, Fassnacht worked for Cox Business in Las Vegas where he oversaw product development, marketing, sales, technical engineering and design, installation and account management.
Dish was far from winning over Clearwire investors to its offer anyway. Sprint earlier this month announced that Clearwire had accepted Sprint’s raised bid of $5 per share to buy out Clearwire, a deal that values Clearwire at approximately $14 billion and represents a 47 percent premium over Sprint’s previous offer of $3.40 per share.
Washington D.C.—based 1776 has picked Comcast Business as its exclusive network services partner for the 1776 Campus, which is an incubation space and events venue for emerging startups. With the agreement, 1776 tenants have access to Comcast Business’ Ethernet, Internet, voice and video services.
Deluxe Digital Distribution introduced the Deluxe OnDemand Multiscreen-Ready video catalog service. Deluxe Digital Distribution’s SVP of Sales and Marketing, Chris Rittler, explains how the company’s cloud-based solution simplifies and automates workflows to access, distribute, and manage on-demand video content in a multiscreen environment without the costs and headaches.
Cycle30 started life as the back office development operation within GCI. Cycle30 VP of sales Jeth Harbinson, explains how the company is expanding to support new products and applications, including machine-to-machine (M2M) connectivity.