The MSO has embarked on a three-year program to accelerate Internet service rates. It plans to increase the rate of its Flagship 15 Mbps tier to 200 Mbps, and its top Billboard 107 Mbps tier to 1 Gbps. The company anticipates expanding its capex by $230 million.
AMC Networks Inc. on Thursday reported earnings that decreased by 57 percent in its second quarter, but beat analysts' expectations. The New York-based company said net income fell to $58.7 million, or 81 cents per share, from $135.7 million, or $1.87 per share, in the same quarter one year earlier.
Comcast has signed on as a client of San Francisco-based Doctor On Demand in order to provide its employees video visits with the healthcare service’s doctors. Comcast plans on integrating Doctor On Demand into its health and wellness offerings and will, for certain plans, fully subsidize employees’ video visits with Doctor On Demand physicians
Twenty-First Century Fox Inc. executives said Wednesday that the company won't try to buy any other big content companies, a day after it called off its pursuit of rival media giant Time Warner Inc. Fox Chief Operating Officer Chase Carey said on a conference call with analysts that "we have no plans to pursue any other third-party content company as an alternative to Time Warner."
Brightstar CEO Marcelo Claure will take over as President and CEO at Sprint. Claure founded Brightstar, a wireless distribution company, and earlier this year sold a majority stake to SoftBank for $1.26 billion. After the sale he joined the board at Sprint, also owned by SoftBank.
Vyve Broadband said it has acquired certain assets of Reach Broadband and all the assets of Lakeview Cable. The acquisitions fill out Vyve’s footprint in Oklahoma. The former Reach and Lakeview systems have already been merged into Vyve's operations.
The Englewood, Colorado-based company reported net income of $213.3 million, or 46 cents per share, compared with a loss of $11.1 million, or 2 cents per share, in the same quarter a year ago. The company's results missed analysts' expectations.
Synacor appointed former Comcast Cable manager Himesh Bhise as chief executive officer and a member of the board of directors. The company announced in March that CEO Ron Frankel would be stepping down following the company's 2013 loss.
Passcodes are a pain to use, and they aren't secure when they are based on easy-to-guess digits, such as a birth date or street address. Many people don't bother using them on phones, even though that means any thief can get instant access to email, banking apps and more.
TWC is joining a program administered by the DOE to reduce petroleum use within its fleet of more than 20,000 service trucks and vehicles. Participation in the DOE’s Clean Cities’ National Clean Fleet Partnership is part of the company’s “Go Green” initiative.
Cisco has created a new group, called the IoT systems and software group, dedicated to machine connectivity. Kip Compton has been named VP, Internet of Things (IoT) Systems & Software, in charge of the company's strategy for what it considers a major growth area.
Cablevision lost 28,000 video customers, 8,000 broadband subscribers, as Verizon FiOS enticed subscribers away with offers of the triple play priced as low as $69 a month. But Wi-Fi usage is increasing, and the MSO believes it may yet be turned into a key differentiator against competitors.
The CTO title is a new one at Cablevision. Cablevision had been looking for a top technology executive since May, when Yvette Kanouff, the company’s EVP of engineering, left to join Cisco as the head of its service provider video software and solutions (SPVSS) organization.
Small French carrier Iliad is offering $15 billion for a 56.6 percent stake in T-Mobile. Iliad owner Xavier Niel said the deal represents a 42-percent premium over T-Mobile's stock price at the time of the announcement. Iliad confirmed the deal already has backing from international banks.
The company will deemphasize hardware development in favor of software products. RGB execs declined to comment on reports of a layoff of nearly one-third of its employees, other than to say that any reduction in workforce will not impact the company’s strategy.
C7 Data Centers is offering Comcast Business Ethernet services as a connectivity option for customers at C7’s new colocation data center. The new Granite Point II colocation data center is located in Bluffdale, Utah, which is one of four data centers in the metro Salt Lake City area that are connected to Comcast’s network.
Comcast has signed a new contract with CSG International that provides the cable operator with CSG’s residential billing services through June 30, 2019. While CSG has worked with Comcast for the past 20 years, the new contract provides the framework for Comcast to consolidate all of its residential business onto CSG’s billing platform.
According to a recent report, the Layer 2-3 Ethernet Switch market is projected to approach $25 billon by 2018. The report by Dell’Oro Group said a 10 Gigabit Ethernet peak is anticipated before 2018 and then 100 Gigabit Ethernet was expected to become mainstream.
The MSO lost almost half as many video subscribers in its second quarter of 2014 as it did in Q2 2013. Charter has about 60 percent of its footprint converted to all-digital, and is introducing its new Charter Spectrum triple play with more HD channels and a new cloud-based interface it is beginning test.
Time Warner Cable CEO Rob Marcus outlined several of the company’s top priorities during this morning’s second quarter earnings call, which included the announcement that seven cities are slated to receive TWC Maxx network upgrades next year. TWC Maxx, which features 300 Mbps on the downstream, will touch down in Charlotte, Dallas, Hawaii, Kansas City, Raleigh, San Antonio and San Diego.
CenturyLink has signed a multi-megawatt data center deal with CoinTerra to host CoinTerra's rapidly growing Bitcoin-mining operations in CenturyLink’s data centers. Austin-based CoinTerra designs, produces and operates hardware and software that power the Bitcoin blockchain ecosystem.
Shares of Windstream jumped Tuesday after the broadband and communications company said it will move some of its assets into a real estate investment trust, reducing its debts. The Little Rock, Arkansas, company said it hopes to complete a tax-free spinoff of the REIT during the first quarter of 2015. The plan is subject to regulatory approval but Windstream said it has received some guidance from the IRS about the move.
Texas-based Grande Communications has extended its nearly 15-year relationship with CSG International by signing a new multi-year deal. Under the new extension, Grande will work with CSG to implement additional solutions to provide “a holistic IT landscape to support subscribers in Texas.”
Rhapsody International Inc. said Tuesday its partnership with T-Mobile US Inc. has helped boost its number of paying subscribers to more than 2 million, up from 1.7 million in April. Last month, Rhapsody teamed up with the nation's fourth-largest carrier on a new service called unRadio. It allows users to stream randomly generated songs along a genre, artist or song name without ads.
Bright House Networks Enterprise Solutions has introduced Unified Communications (UC) as a feature for its Hosted Voice services. The enhancements include video calling, instant messaging and presence, desktop sharing, and web collaboration.