Apple is striking a new chord with a $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist that also brings the swagger of rapper Dr. Dre and recording impresario Jimmy Iovine. Wednesday's announcement comes nearly three weeks after deal negotiations were leaked to the media.
Dish Network Corp. says it will become the largest company yet to accept payment in bitcoin. The satellite TV company says it will begin accepting the digital coins through payment processor Coinbase by September. Coinbase will instantly convert the bitcoins into cash, eliminating the risk of price fluctuations to Dish.
Amdocs is now combining its TeraScale, Proactive Care and BI and Data Warehousing Services, and adding network optimization expertise it picked up with two recent acquisitions, Actix and Celcite. The combination positions Amdocs to collect and process the flow of data that service providers generate to help them improve the customer experience.
The town of Rock Hill, S.C., is working with Comporium to upgrade the area’s communications network to support data rates up to 1 Gbps. Comporium will deploy networking equipment from Adtran to create the service. The parties involved hope to attract businesses spur economic growth by becoming one of the only Gigabit communities in the region.
Virgin Media Business partnered with vendor Siklu for a small cell trial in Leeds, which is the third-largest city in the United Kingdom. To showcase the ease of the installs, Siklu’s radios were installed on various types of light poles by technicians that didn’t have any telecommunications experience.
Once again, media company CEOs are among the highest paid executives in the nation, occupying six of the top 10 earning spots according to an Associated Press/Equilar study. Compensation experts say a variety of factors are at play, including the gain in media stocks, the intangible value of talent in a hit-or-miss business, the control of shareholder power in very few hands, and the decline of the financial sector.
This Technology has hired Rick Hamilton as vice president of global sales and Peter Faubert joined as chief financial officer, both based in Denver. Hamilton joins the company from SeaChange International, where he was senior vice president and general manager of that company's Americas sales operations.
Comcast CEO Brian Roberts was among the nation’s highest-paid CEOs last year, according to recent research by the Associated Press and executive pay research firm Equilar. Ranked 10th overall, Roberts pulled down $31.4 million last year, which was up 8 percent from the previous year.
The total wavelength division multiplexer (WDM) equipment market grew 12 percent in the trailing four quarter period that ended with the most recent first quarter, according to a new report by Dell’Oro Group. Huawei, Ciena, Alcatel-Lucent and ZTE were ranked first through fourth in total WDM equipment market sales.
Nearly 60,000 high-tech workers are likely to receive an average of $4,000 apiece in a settlement of a class-action lawsuit alleging Apple and Google conspired in an illegal cartel of Silicon Valley employers that secretly refused to recruit each other's engineers. The estimate is based upon an analysis of court documents in the case, including the terms of a $324.5 million settlement.
Pulaski White Rural Telephone Cooperative (PWRTC) is in the process of acquiring TV Cable of Winamac, aka Zing. The purchase price was not disclosed. Together, the operation will be able to provide a triple play bundle that combines the most advanced services of each.
An ILD platform solution offers cable TV operators the opportunity to increase their ILD revenues dramatically within months and to sustain that revenue growth over the long term. Further, the migration/integration process from the previous solution to the cloud-based platform requires only a few weeks to complete.
Starting June 3, Time Warner Cable will debut its 300 Mbps tier to more than 100,000 customers in Austin, Texas. Back in February Time Warner Cable announced it would increase the speeds across six of its residential data plans at no additional cost.
Time Warner Cable Business Class’ Jeanie Warfield was named as the first recipient of the Catherine Oakes Memorial Leadership Scholarship for Women, the SCTE Foundation announced today. The $3,700 scholarship award was created to honor the memory of Cathy Oakes, senior vice president, operations for SCTE, who passed away suddenly last November.
Bill Smith, president of AT&T’s network operations, said AT&T’s pending acquisition of DirectTV won’t have any effect on how the carrier invests in its network. Smith said that if anything, the acquisition of DirecTV was complimentary to AT&T’s current network plans.
The pay-TV universe expanded by about 260,000 subscribers in the first quarter. On the broadband side, that the seventeen largest cable and telephone providers in the U.S. acquired nearly 1.2 million net additional high-speed Internet subscribers.
With their $45 billion merger making the regulatory rounds, the last thing Comcast and Time Warner Cable needed was a very public black eye in American Customer Satisfaction Index survey (ACSI), which was released yesterday. To recap, Time Warner Cable finished dead last in customer satisfaction for both its video and data services while Comcast was second to last in the same catagories in the survey.
Antitrust experts say AT&T's bid for DirecTV could reap immediate regulatory rewards. Coming so quickly on the heels of a rival cable company merger —the pairing of Comcast and Time Warner Cable— makes it easier for regulators to approve both transactions because they create two counterbalanced giants in pay TV.
Incognito Software has promoted William L. Yan to chief operating officer. Yan had been Incognito’s senior vice president for worldwide sales. He is a 20-year veteran with experience spanning business development, sales, and marketing for established technology firms and early stage, venture-funded startups.
Cablevision Systems has hired Kevin Packingham as executive vice president, product management. He arrives at Cablevision from Samsung Telecommunications America, where he was chief product officer, managing Samsung’s portfolio of handsets, tablets and wearable devices in the U.S.
Dave Sheffey vice president of sales at Napco Security Technologies discusses how broadband-based security systems are available not just for the residential market, but also for the commercial market. Napco Security provides systems that cover both fire and intrusion.
AT&T has reserved the right to back out of its planned $48.5 billion deal for DirecTV if the satellite-TV provider can’t or doesn’t renew its “NFL Sunday Ticket” agreement. DirecTV is facing a steep price hike for the 2015 NFL season, which will jump 40 percent to $1.4 billion.
Competition in a video market has a minimal effect on cable prices, and cable prices keep going up. In other words, no surprises in the latest FCC report on the industry. According to this report, which includes data from 2012, basic cable rates were up 6.5 percent, expanded cable was up by 5.1 percent.
AT&T announced on Sunday that it would by DirecTV for $48.5 billion in cash and stock, which figures out to be $95 per share. The deal would give AT&T 26 million video subscriber and make it the second-largest pay TV provider behind the combined Comcast/Time Warner Cable entity that would service 30 million subscribers under the $45 billion merger that was announced in February.
Jeong Kim was president of Bell Labs and chief strategy officer of Alcatel-Lucent. His appointment to Arris' board of directors could be read as indication of the increasing importance of IP in the service provider segment, positioning Arris in the overall information technology market.