The sale of spectrum to Verizon Wireless and a 10 percent gain in data subscribers contributed to Comcast more than doubling its third-quarter profit. In its third-quarter earnings report, Comcast’s net income was $2.11 billion, or 78 cents per share.
VeriSign, which registers domain names on the Internet, said its third-quarter profit rose 32 percent, topping expectations. But it said that the U.S. Commerce Department might not finish reviewing the company's registry agreement before it expires.
Kyle McSlarrow will immerse himself in the operational side of the cable operator business in his new post as regional vice president of Comcast’s Mountain Region, which includes overseeing operations in Utah and Arizona. Before, McSlarrow led Comcast’s office in Washington, D.C.
One of the co-founders of Terayon, Shlomo Rakib, has established a new start-up called Cohere and has recently secured $22.7 million in venture funding. Several people formerly associated with Terayon say that Cohere is working on a radical new approach for cable modem termination system (CMTS) technology.
Before Motorola split itself apart, its infrastructure business had long outperformed its handset division, posting regular profits as its smartphone unit sunk further into the red. That trend is still in place nearly two years after the company's separation.
The maker of chips for wireless communications devices, including cell phones and cable modems, posted a net loss of $16.5 million, or 6 cents per share, compared with a profit of $14.3 million, or 5 cents per share, a year earlier. Revenue fell 14 percent to $209.7 million.
The head of the Australian subsidiary of Huawei Technologies, Huawei Australia Chairman John Lord, has urged Australia not to be swayed by a report from the U.S. Congress that referred to the Chinese telecommunications giant as a potential security risk.
Sprint and Dish Network continue to lobby the FCC on regulations for 40 MHz of satellite AWS-4 spectrum that Dish wants to use for an LTE-Advanced network. The FCC is evaluating changes to the AWS-4 block that would allow Dish to use the band for a wireless network.
The city plans to be a technology incubator, leveraging its status as the country’s premier financial center – all despite broadband coverage that can range from “sub-par” to “embarrassing.” Mayor Michael Bloomberg predicts the city could surpass Silicon Valley as a tech start-up capital.
Former German telecom regulator Matthias Kurth is joining Cable Europe’s executive committee as its executive chairman. Matthias recently held the position of president of the agency responsible for telecommunications, postal, energy and railway markets in Germany, including frequency management and digital signature.
The three-sentence statement from AT&T vice president Brad Burns suggested regulators take a close look at the foreign ownership implications of the transaction, as Softbank is a Japanese company and could gain control of a large amount of spectrum through Sprint.
Shares of Google dropped nearly 8 percent to close at $695 on an errant early release of its earnings. Google blamed printer R.R. Donnelley & Sons Co. for submitting its third-quarter filings with the SEC in the middle of the trading day instead of during an after-hours earnings call, as scheduled.
The panel's upholding of the findings by a lower court endorses the U.K. judgment, which made headlines around the world when it was handed down in July. Judge Colin Birss had then gushed over Apple's design, while knocking back the company's case against its rival.
AT&T and satellite radio provider Sirius XM submitted the revised rules that the two companies say would limit interference between Satellite Digital Audio Radio Services (SDARS) and providers of wireless communications, both of which have been operating for the past 15 years in the 2.3 GHz band.
The “Bandwidth Hunger Games” session was down to three last contestants: Cisco’s Ron Hranac, Motorola’s John Ulm and InnoTrans’ Mani Ramachandran, who covertly stalked each other, each waiting for the others to make the fatal mistakes that would leave a single survivor.
Connect2Compete (C2C) announced that it has completed its partnership agreement, which was first announced last month, with Comcast to help the company provide additional choices for affordable computer equipment for Internet Essentials.
Barry Diller-backed company Aereo is broadening the availability of its service, even as broadcasters challenge the legality of the start-up's live television transmissions over the Internet. Aereo is still limited to residents of New York City.
After Congress passed the Cable Television Consumer Protection and Competition Act of 1992, the FCC implemented the ban, with the intent of assuring that the many cable subscribers who were getting cable without a set-top box could continue to do so.
The Chinese government is backing the use of the 2.6 GHz band for TD-LTE, the same band Clearwire plans to use for its TD-LTE network in the United States. The announcement is a victory for Clearwire, which has been working with China Mobile to build global support for TD-LTE in the band through the Global TD-LTE Initiative.
Brussels cable operator Numéricable has picked Calix’s GPON technology to upgrade its service delivery platform in Belgium and Luxembourg. Numéricable is also using Calix’s Ethernet Service Access Platform (ESAP) and will work with optical specialist Acradiz Telecom to launch the new business services across the region.
Japanese operator Softbank is shelling out $20.1 billion to acquire a controlling 70 percent stake in Sprint, a transaction that will give Sprint much-needed cash to compete with AT&T and Verizon Wireless. The buyout buoys Sprint's heavily indebted balance sheet with $8 billion in new capital.
Federal regulators are moving closer to suing Google over allegations that the company has abused its dominance of Internet search to stifle competition and drive up online advertising prices. Staff members at the FTC are preparing to recommend that the agency file an antitrust lawsuit against the search giant.
Sprint confirmed that it is holding discussions with Softbank for a "substantial investment" from the Japanese operator. The size of the investment remains unknown, but Sprint said the stake could be large enough to "involve a change of control."
A federal appeals court has sided with Samsung Electronics in one aspect of its ongoing patent dispute with Apple. The U.S. Court of Appeals for the Federal Circuit overturned a judge's order blocking Samsung from selling its Galaxy Nexus smartphone pending a patent lawsuit by Apple.