WaveDivision Holdings, which operates as cable operator Wave Broadband, announced this morning that it raised more than $1 billion in funding. The funding included substantial equity investments from Oak Hill Capital Partners and GI Partners.
Telefonica Digital is rolling out IP video services based on Microsoft’s Mediaroom across an unspecified number of countries included in its vast international reach. The global operator has already begun deploying the technology in three countries – Brazil, Chile and Spain.
Virgin Media is expanding its TiVo service with a mobile app that provides cloud-based access to live programming outside the home. The app works with Apple iOS-based mobile devices. The app will also enable Virgin Media subscribers to remotely manage their TVs.
Advanced advertising vendor This Technology has wrapped up $7.5 million in equity financing and announced it counts Comcast, NBCUniversal, Verizon and ABC among its customers. The financing was led by General Catalyst Partners, and This Technology now has Neil Sequeria on its board of directors.
Verizon has agreed to sell a portion of its lower 700 MHz B-block spectrum to Nortex Communications, an independent telephone company based in Muenster, Texas. The spectrum is part of Verizon's holding in the 700 MHz A- and B-blocks.
Smaller prepaid carriers offering a broader range of devices, as well as lower prices, are grabbing smartphone sales from larger carriers like AT&T and Verizon, according to a report released from NPD Group. The report is backed up by trends seen at the larger carriers.
Time Warner Cable was hit with two class-action lawsuits in regard to its decision to charge its data customers a cable modem lease fee of $3.95 a month. The lawsuits were filed in the Superior Court of New Jersey and the Supreme Court of New York.
Verizon Wireless and Comcast have added a set of new markets in which the two will market each other’s services. The two have made available their combined quad-play bundle into various markets in states including California, Florida, Ohio and Texas.
BendBroadband has added channels to its TV Everywhere service, including Hallmark Channel, Fox News, Fox Business Channel, ESPN3 and Pac-12 Networks. BendBroadband outsources to Synacor to provide its white-label TV Everywhere services.
Comcast announced that it has promoted Jeff Buzzelli to senior vice president of business services for the company’s Northeast division. Prior to his promotion, Buzzelli spent the past four years as vice president of business services for Comcast’s Greater Chicago Region.
Cisco Systems, the world's largest maker of computer networking gear, said that U.S. companies are starting to spend again, helping Cisco find more solid footing after some shaky months early this year. Cisco said its earnings rose 18 percent in the latest quarter.
Time Warner Cable has signed a long-term marketing agreement with The Madison Square Garden Co. in order to promote its “Enjoy Better” brand campaign. MSG was spun off from Cablevision in 2009, and its assets also include the New York Knicks and New York Rangers.
ThinkAnalytics said it has grown its customer base by 75 percent in just the last six months, going from 20 to 35 clients, which together represent more than 80 million subscribers. The company did not identify its newest customers but said they include service providers in both Europe and North America.
UTStarcom Holdings said it has acquired a significant minority stake in aioTV. With its purchase of 44 percent of aioTV’s stock, UTStarcom becomes the smaller company’s largest investor. AioTV specializes in cloud-based video aggregation and distribution.
Cox Enterprises, the parent company of Cox Communications, announced it has donated $100,00 to the American Red Cross to help recovery efforts in communities that were affected by Superstorm Sandy. Cox Enterprises made the donation in partnership with The James M. Cox Foundation.