The company said the loss was primarily due to network improvements related to its Network Vision initiative, including the shutdown of the Nextel platform. The company also noted $45 million, or negative $.01 per share (pre-tax), related to impacts from Superstorm Sandy.
Alcatel-Lucent CEO Ben Verwaayen is leaving the company. Verwaayen made the announcement as the company reported a $1.8 billion loss for 2012. Verwaayen will not seek reelection as a director at the annual general meeting and will step down as CEO once a successful transition has been executed.
Years after Netflix, smartphones and tablets all hit the scene, even those service providers capable of multi-screen delivery continue to struggle with the multi-screen phenomenon. That’s because even as service providers respond to viewers’ increasing appetite for video on screens other than the TV, consumers’ multi-screen behavior continues to evolve.
The once heavily tech-driven business model of small Tier 2 and Tier 3 cable and broadband service providers is morphing into a kaleidoscope of moving, interchangeable parts. Smaller operators whose subscriber counts number in the four- and five-figure range are fiddling with and tweaking their business models like never before.
The multi-screen transformation has taken the video world by storm. Customers now expect the same video services they receive on their set-top box on their video-capable devices. Adoption of multi-screen services is occurring across the spectrum, running the gamut of service providers, content providers and enterprises.
The acquisition, which needs to pass regulatory approvals and is slated to close in the second quarter, would not only pit mega moguls John Malone and Rupert Murdoch against each other in the United Kingdom, but it would also give Malone’s Liberty Global the crown as the world’s largest cable operator.
SK Telecom’s broadband subsidiary has engaged Alcatel-Lucent to build South Korea’s first countrywide packet transport network dedicated to enterprise customers. SK Broadband’s current transport network, based on MSPP technology, was designed primarily to transmit legacy TDM traffic.
Global mobile data traffic is expected to increase 13-fold by 2017, reaching 11.2 exabytes per month, according to Cisco's Visual Networking Index Global Mobile Data Traffic Forecast. The company says the growth in mobile data usage will be driven by the increase in mobile Internet connection, including M2M modules.
The Walt Disney Co. broke the pay-TV mold when it announced it is selling the rights to show its recent theatrical releases to Netflix beginning in 2016. The decision represented a major endorsement of Netflix's Internet video service, which is wresting the Disney rights away from the Starz cable channel.
Technology development is accelerating, and consumer and enterprise demand for bandwidth-hungry content and applications continues to expand. The need for global standardization has become an industry prerequisite, driven by the needs of service providers to deliver robust new services quickly and cost-effectively.
Philadelphia Technology Park has connected its data center, which is located in the Philadelphia Navy Yard, with Comcast’s private optical network and extensive fiber network. It allows both companies to continue to expand their connections in the region.
Charter Communications has added two Wall Street veterans to its management team. Charles Fisher will join Charter as senior vice president of corporate finance, while Stefan Anninger has been named vice president of investor relations.
AT&T has renamed its U-verse Live TV app, now calling it Mobile TV. The carrier announced the change that will go along with improved video quality on LTE, direct billing to subscriber accounts and an even $9.99 charge for the service across the board.
Amdocs claims its updated product suite is the only back office system able to deliver real-time integration across network control, business and operational support systems to give end customers a new level of control over their experiences.
John Malone’s Liberty Global is in the process of cooking up a deal to buy Virgin Media. Virgin Media’s price tag could be in the range of $24 billion, while its market capitalization stands at $10.4 billion. Including debt, its enterprise value is around $19.4 billion.