John Malone’s holding company, Liberty Media, has bought a 27.3 percent stake in Charter Communications for about $2.62 billion. The deal is slated to close in the first half or second quarter of this year. Liberty expects to fund the purchase with a combination of cash on hand and new loan arrangements.
Comcast Business announced today that over the coming weeks its Ethernet services would be available across six communities in Chittenden County, Vermont. The six towns in Chittenden County feature a large number of the state's businesses, ranging from snowboard manufacturers to global high technology.
Aurora Networks has closed its $46 million deal to buy Harmonic’s Cable Access unit that was first announced on Feb. 19. Aurora said the acquisition would increase its market share lead in the optical transport market by significantly increasing its installed base for next-generation service-providing products and create long-term strategic growth opportunities.
The Society of Cable Telecommunications Engineers (SCTE) today announced that it is seeking proposals for papers and presentations for the technical sessions at SCTE Cable-Tec Expo 2013. The SCTE Cable-Tec Expo 2013 Program Committee is looking for abstracts that address the evolution of cable networks, services and business processes for the Monday through Thursday, Oct. 21-24 event in Atlanta.
Time Warner Cable has struck a multi-year sponsorship deal with the University of Kentucky’s athletic program centered around the men’s basketball and football teams. With the agreement, Time Warner Cable serves as the official sponsor of University of Kentucky athletics across its core video, high speed data, Wi-Fi and home phone products and services.
Comcast has connected city hall, schools and libraries throughout the city of West Haven, Conn. with its Ethernet and trunking services. Comcast is providing West Haven with high-speed Internet access and voice services that connect city hall to 17 municipal locations, including West Haven's three libraries, six firehouses, the high school, beach patrol offices and the police department.
Cablevision’s fourth quarter subscriber numbers and revenue took a hit in the aftermath of Superstorm Sandy. The nation’s fifth-largest cable operator lost about 50,000 video subscribers, 5,000 data customers and 10,000 voice subscribers in the fourth quarter.
The small cable operator market continues its wave of consolidation. Yesterday TDS Telecom announced a deal to buy all of the assets of Baja Broadband. Baja Broadband, which is headquartered in Alamogordo, New Mexico, offers triple play services to residential and business customers in parts of Colorado, New Mexico, Texas and Utah.
Testing vendor ZCorum has added a new reporting feature to help cable operators keep abreast of VoIP quality issues, as well as a loop diagnostics test that can be run from a smartphone or tablet.
Time Warner Cable Business Class (TWCBC) has rolled out a new suite of services that were designed to meet the needs of businesses with remote employees. Teleworker Solutions is available across the greater New York City area, New York State, New England and the Carolinas.
Charter Communications said its residential customer relationships increased by 20,000 during the fourth quarter of 2012, compared to the year-ago period, which CEO Tom Rutledge said was the best Q4 performance at the company in 10 years.
Frontier Communications reported fourth-quarter 2012 revenue of $1.2 billion, slightly down from the similar quarter last year, and net income of $24.9 million. During the quarter, the company reported having lost approximately 50,400 customers.
Comcast is now making available a suite of third-party cloud-based products and services that its business customers can purchase directly through an online portal. The MSO has partnered with other companies that provide storage, security, and Web and document collaboration.
Time Warner Cable Business Class has broadened the reach of its fiber-optic network in North Carolina in order to offer schools systems a gigabit-per-second service. TWCBC is the largest school data provider in North Carolina, serving 25 school systems across the state.
Windstream posted fourth-quarter net income of $10.1 million, reversing a year-ago loss, as the company grew its broadband business. Windstream, which was spun off from Alltel, has been transforming its business to provide more lucrative broadband and data services.
Kansas would lessen its regulation of telecommunications but begin to phase out consumer-financed subsidies for universal landline service under a bill approved by the state House. The House's 118-1 vote sends the measure to the Senate, where it also is expected to have bipartisan support.
Private equity firm GTCR and Rural Broadband Investments have struck a deal to buy NewWave Communications from Pamlico Corporation. Financial terms of the definitive agreement weren’t released, and neither was the target date for the closing.
The National Cable Television Cooperative (NCTC) has named Fleetmatics Group’s SageQuest GPS fleet tracking platform as an exclusive provider to its members. Fleetmatics Group's products are marketed both under the Fleetmatics and SageQuest brands
Comcast announced that it was buying out General Electric’s 49 percent stake in NBCUniversal for $16.7 billion instead of waiting until next year’s previously scheduled date of July to take full control of NBCUniversal. Comcast earned $1.52 billion, or 56 cents per share, in the fourth quarter.
Glandorf Telephone has installed Adtran’s broadband platform to provide broadband and video services to its customers in the northwestern part of Ohio. Glandorf is using Adtran’s Total Access 5000 to deliver services both on its DSL network and via FTTH lines.
Genband launched a new white label cloud service, which is called “NUViA,” that it said will cut down on the amount of equipment service providers need to provision their services while also cutting down on time to market.
Sandy, Utah-based Telarus recently announced that it had entered into an agreement with Cablevision to distribute its triple-play business services. The deal opened the door to 1,200 independent commercial communication consultants who source through Telarus.
The FCC issued a Notice of Proposed Rulemaking (NPRM), which seeks comment on rules to help address problems in the completion of long-distance telephone calls to rural customers. The NPRM is specifcally aimed at intermediate carries that complete long-distance calls for long-distance providers.
Charter Communications, which is the nation’s fourth-largest cable operator, emerged as the sweepstakes winner for the former Bresnan systems with a winning bid to Cablevision of $1.625 billion. The deal is slated to close in the third quarter.
A House committee agreed that Idaho should lift a 13-year-old restriction barring phone and cable TV companies from calling existing customers to market new products or services, rejecting an argument from the attorney general's office that the change would erode people's privacy protections.