Whether winning or losing customers, Comcast had its best second quarter in quite some time. The company attracted 203,000 new broadband accounts, while 144,000 former subscribers canceled their video connections. On both measures, this was the best Q2 performance for Comcast in 6 years.
In the second quarter earnigns report this morning, tablets helped Verizon's bottom line as it added 304,000 postpaid phone net additions and 1.15 million postpaid tablets. On the FiOS side, Verizon posted subscriber gains across its video, data and phone services.
The company said it now has approximately 200,000 business customers located in all 50 states, the District of Columbia, Canada and Puerto Rico. Its IP-based network now has approximately 31,000 fiber route miles, and covers 22 states and Washington, D.C.
Time Warner Cable announced it was participating in the city of Los Angeles’ request for information (RFI) process that is targeting the development of a communitywide 1 Gigabit network that will serve area residents, businesses and city government. The nation’s second-largest cable operator said its response included detailed information about the deployment of DOCSIS 3.1 to deliver the 1-Gig service.
With less than one month left until the SEC Network kicks off its college football coverage, ESPN and Comcast announced this morning that a deal had been reached. Striking a deal with the nation’s largest cable operator and ISP is a watershed moment for the SEC Network, but it still needs to sign off on deals with Charter Communications, Time Warner Cable and DirecTV, among others.
Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users. The largest U.S. e-commerce site said Friday that the Kindle Unlimited service will give users the ability to read as much as they want from more than 600,000 Kindle titles such as "The Hunger Games."
Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue. The report released Thursday also showed that Google's advertising prices are still dropping to extend a nearly three-year slump.
Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues. HP has split the roles of chairman and CEO since Mark Hurd resigned as CEO in 2010. The company has faced shareholder displeasure over a series of missteps and slumping sales.
Liberty Global announced today that it was buying a 6.4 percent stake in British broadcaster ITV from BSkyB for 481 million pounds, or $824 million. Liberty Global said in its press release that it didn’t intend to make an offer to acquire all of ITV, but reserved the right to do so if circumstances warranted it.
Microsoft is cutting up to 18,000 jobs, about 14 percent of its staff, over the next year as it works on integrating the Nokia devices business it bought in April and cut down on management layers. CEO Satya Nadella, who took the job in February, delivered the news to staff in a memo that Microsoft released publicly.
According to a recent report, young consumers are more readily embracing the Internet of Things through smart home devices. Parks Associates’ Internet of Things (IoT) research found that young consumers, those with children, and those in a home for three to four years were leading the adoption of Internet-connected energy devices.
Comcast is apologizing after a tech-savvy California customer posted eight minutes of telephone conversation online in which he tried repeatedly to get a customer service representative to disconnect his service. The customer, Ryan Block, succeeds in getting the unidentified Comcast rep to agree to disconnect his service, but only after the rep repeatedly asks Block for a reason.
Though rejected, a surprise bid by Rupert Murdoch's Fox for entertainment rival Time Warner underscores that large media companies are in the mood for major consolidation. Time Warner Inc., which owns the Warner Bros. movie studio and TV channels such as TNT, TBS and HBO, said Wednesday that it rejected the deal and had no interest in further discussions.
Apple is teaming up with former nemesis IBM in an attempt to sell more iPhones and iPads to corporate customers and government agencies. The partnership announced Tuesday calls for the two technology companies to work together on about 100 different mobile applications designed for a wide range of industries.
After a seven-month long standoff, Buckeye CableSystem viewers can now watch NBC again after a new agreement was reached with Sinclair Broadcast Group. According to The Toledo Blade, which, like Buckeye, is owned by Block Communications, the new two-year agreement was reached yesterday.
In order to help cable operators unlock “big data” in their broadband networks, Incognito Software has updated its Bandwidth Activity Reporter. The latest version of the platform extracts and analyzes data from multiple network, billing, and customer relationship management sources to provide network intelligence, usage reports, and service metrics.
Hewlett-Packard's Interim Chairman Ralph Whitworth has resigned from the company's board to concentrate on personal health issues. Whitworth's resignation is effective on Wednesday. Personal computer maker HP said that its board will discuss appointing a new chairman at its next meeting.
Cogeco Cable has abandoned an IPTV project after failing to meet performance expectations, resulting in a Q3 writedown. Instead, the Canadian operator will roll out a TiVo-based service to subscribers in Quebec and Ontario within the next year, similar to that offered by subsidiary Atlantic Broadband.
Choice Hotels International has picked Comcast Business as a qualified vendor for its triple play service offerings. Choice Hotels has more than 5,000 franchises located across the nation including brands such as Comfort Inn, Comfort Suites, Quality Inn, Sleep Inn, Clarion, Cambria Hotels & Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge, Rodeway Inn and Ascend Hotels.
Block Communications is buying MetroCast, which it will operate as a subsidiary. The combination of MetroCast and Buckeye Cablesystem would give Block control of roughly 176,000 subscribers. Metrocast is in the midst of an upgrade to all-digital.
Federal Communications Commission Chairman Tom Wheeler announced the members of the panel that will review two proposed mega-mergers: Comcast / Time Warner Cable / Charter, and AT&T / DirecTV. Those who watch such things infer from the choice of panelists that the FCC is not going to simply rubber-stamp either deal.
Buckeye Telesystem does business in the Northwest Ohio/Southeast Michigan area, but will expand its reach into the Mid-Atlantic region with its parent company’s acquisition of Line Systems, a full-service, integrated business communications provider.
Time Warner Cable’s NaviSite has launched its Enterprise Mobility Management (EMM) platform to help businesses securely manage employees’ devices in the workplace. NaviSite said EMM was designed to enable enhanced data security while simplifying the management of devices and resources across an organization.
Samsung Electronics Co. said operating profit declined to a two-year low in the second quarter, hit by the strong local currency and slowing demand for smartphones in China. The result highlights how dependent the company has become on smartphones for its earnings. Sales growth in high-end Android devices has waned after several years of rapid expansion.
Following a major upgrade in its network in McDowell County, West Virginia, Shentel said it is supporting a program that is distributing laptops to local students with discounted broadband access. The company is providing an Internet package for $10 per month to 3,400 qualifying students in the county.