The plot has thickened once again in the ongoing story of Time Warner Cable being bought out by another cable operator. Reuters reported that Comcast has turned to JPMorgan Chase & Co. for its expertise in case it decides to throw a bid on Time Warner Cable
Comcast Cable announced this morning that effective immediately, Robert S. Victor was named senior vice president, finance and business operations, for Comcast Business. Victor reports to Bill Stemper, president of Comcast Business, and Stephen Perez will join his team as vice president, financial planning and operations.
Time Warner Cable announced this morning that Christian Lee had been promoted to senior vice president, mergers and acquisitions effective Dec. 31. Separately, Rob Marcus, who will take over the reins of the company on Jan. 1, said in a Bloomberg story that he was “the perfect guy to manage the M&A component out there.”
GPS will tell you how to get to the nearest Apple store. With iBeacon, Apple hopes to guide you around once you're inside. On Friday, Apple Inc. will begin using the technology at its 254 U.S. stores to send you messages tailored to where you are inside, provided you have downloaded the Apple Store app and have given Apple permission to track you.
Comcast Business has hired Paul Merritt as the director for the company’s Mountain Region. In his new job, Merritt will be responsible for leading Comcast’s growth in the region as well as its expanding portfolio of business solutions and services, including Ethernet-based offerings.
Todd Porch, who has overseen digital advertising efforts at Yahoo, Nexstar and Broadcast.com, has been named vice president and general manager of Comcast Wholesale’s AdDelivery service. Prior to his appointment to the Comcast Wholesale senior leadership team, Porch spent four years as executive director of the 250-member advertising operations and account management unit at Yahoo.
Blue Ridge Communications has joined the Comporium Security, Monitoring and Automation (SMA) Dealer Program to deliver a home management service to its subscribers. Comporium’s service combines a security alarm system, communications gateway and home automation platform into one device.
There are grand and vocal disagreements flying about today as governments and private parties square off over the supposed usefulness of next-generation networks capable of hurtling digital data to everyday consumers at speeds of 1 gigabit per second or faster. Skeptics argue investing in super-fast networks is folly.
I once heard a boss referred to as “leaves”. He went beyond “not being able to see the forest for the trees.” He couldn’t even see the trees for the leaves! But as the boss, his ideas had to be explored and even implemented. Most failed, but that was expected. He was involved in the early days of the organization and, as such, gained a position from which no one was able to dislodge him.
Who better to turn to for advice on that than General Colin Powell? The Leadership Primer from the former Chairman of the Joints Chiefs of Staff is “must” reading: not just for those in the position of building teams and driving change, but for the broader workforce as well.
The Commission recently just designated as competitive dozens of markets in which Comcast, Time Warner Cable, and Bright House Networks operate networks. Once a market is certified as competitive, municipal and/or state rights to regulate basic cable service rates are revoked. Last week, the FCC exempted Cablevision from the same regulations in nearly two dozen markets.
The Consolidation Waltz continues. Charter Communications CEO Tom Rutledge recently opined on CNBC that Charter does not need any more acquisitions to grow its business. Liberty Media CEO Greg Maffei, sitting in on the same interview session, said that for Charter, TWC is not the only possible acquisition target that might be “an attractive fit.”
The router and switch market for service providers continued to claw its way back in the most recent third quarter, according to a report by Infonetics Research. Over the long haul, Infonetics forecasts the service provider router and switch market would grow at a 7 percent CAGR from 2012 to 2017, when it will reach $20.2 billion.
The chair of the Senate Commerce Committee has asked the FCC to not approve any merger deals among broadcasters while the Government Accountability Office (GAO) investigates shared service agreements (SSA), in which broadcasters negotiate agreements on behalf of others in the same market, raising costs for local cable operators and their subscribers.
Rogers Communications went top shelf in scoring a multi-billion-dollar, 12-year carriage agreement with the National Hockey League “on all platforms in all languages." Rogers said the new media rights deal, which starts in the 2014-2015 season and runs through the 2025-2026 season, was the largest in league history.
Late Friday, those agitating for consolidation in the cable industry floated the notion of Charter Communications and Comcast bidding on Time Warner Cable together, then breaking it up into pieces, with each claiming chunks. The news was well received by Wall Street merger-and-acquisition (M&A) experts and investors, who bid up the values of the stock of any MSO rumored to be party to any such deal.
While Charter Communications and Liberty Media’s John Malone are reportedly lining up funding for a bid to buy Time Warner Cable, Comcast is checking into the possible regulatory hurdles it could face should it choose to purse the nation’s second-largest cable operator. CNBC reported that Comcast was asking for guidance on anti-trust and other potentia telecommunications issues that would be associated with a bid for TWC.
A Silicon Valley jury added $290 million more to the damages Samsung Electronics owes Apple for copying vital iPhone and iPad features, bringing the total amount the South Korean technology titan is on the hook for to $930 million. The verdict covers 13 older Samsung devices that a previous jury found were among 26 Samsung products that infringed Apple patents.
Cox Communications customers can now link in to Time Warner Cable’s Wi-Fi hotspot network, pursuant to the roaming arrangement among major MSOs announced earlier this year called Cable Wi-Fi. Bright House, Cablevision/Optimum, Comcast/Xfinity, Cox and Time Warner Cable formed Cable Wi-Fi as a vehicle for creating a much wider network of Wi-Fi hotspots.
The Metro Ethernet Forum announced today that Comcast and Verizon were the big winners in its Carrier Ethernet Awards for the North American region. In the “Best Carrier Ethernet Business Application” category, Comcast Business topped fellow finalists AT&T and Level 3.
The Catherine Oakes Memorial Leadership Scholarship for Women will recognize and reward women who currently are or aspire to become cable engineering or operations professionals. The scholarship may be used toward registration in an industry development program or an executive education program.
The city of Clinton, Miss., and C Spire have signed a franchise agreement for the communications company's new broadband fiber home Internet service. Thirty-three cities submitted applications after C Spire unveiled its Fiber to the Home program in late September. The franchise agreements have to be executed by both the cities and the telecommunications company before installation of the fiber can begin.
VeEX products helps cable operators ensure service reliability and verify SLA compliance with their business services. The company's tools cover access, Metro, core, and transport testing. A single system, VeEX's handy and versatile CX350, can be used in installation, service verification, and network maintenance.
Rogers Communications announced this morning that it had peeled off its data center business into a new operating unit, which is called Rogers Data Centres. Rogers Data Centres launched today with a newly expanded data centre in Edmonton and confirmed plans to open a Western Canada flagship data center in Calgary in January.
The seventeen largest cable and telephone providers in the U.S. added about 520,000 Internet subscribers in the third quarter of 2013. That brought their aggregate total to about 83.6 million subscribers. The top MSOs attracted about 440,000 of the new subscribers.