Phone company Windstream's quarterly report disappointed Wall Street for the third time in a row, sending its stock down to a three-year low. The company is offering promotional prices on broadband and is seeing slower growth in sales of connections for cellular towers.
Time Warner Cable’s “Holiday Triple Play” is hitting Best Buy stores. New and existing Time Warner Cable customers that sign up for Time Warner Cable’s voice, video and data services during the holiday offer get a $150 Best Buy gift card. The triple-play bundle starts at $89.99 a month and lasts for one year.
Many homes in AT&T's local phone service areas will see the company becoming more competitive with cable for broadband service under a new $14 billion, three-year investment plan the company revealed. But in more outlying areas, the company will start shifting customers from regular phone lines to wireless service.
AT&T is leveraging its extensive wireline infrastructure to expand its LTE network into new markets across nearly two dozen states. The LTE service will cover 99 percent of "customer locations" across AT&T's 22-state wireline area, growing to rural markets it may have otherwise left unserved.
Charter Communications reported third-quarter revenue of $1.88 billion, slightly up from revenue in its Q3 a year ago, and a loss of $87 million, compared with $85 million a year ago. Residential video customers decreased by 73,000 in the third quarter.
Cablevision reported a third-quarter loss of $3.8 million on slightly higher revenue, compared with the similar period a year ago. Third-quarter net revenue grew 1.2 percent to $1.685 billion. The loss was attributed to higher expenses associated with restructuring and compensation, as well as larger expenditures on paying down debt.
Wireless providers on the East Coast report that progress is being made to restore service after major damage from Hurricane Sandy. Cell towers and other infrastructure were hit hard by flooding and power outages, particularly in New Jersey and New York.
Comcast has named Rodrigo Lopez as regional vice president for Oregon and southwest Washington State. The position opened when Comcast offered Lopez’s predecessor, Hank Fore, a similar position running the company’s California operations.
Time Warner Cable’s quarterly profit and video subscriber losses were below Wall Street’s projections, but data and business services continued to be a boon to the company’s bottom line. Time Warner Cable’s net income increased to $808 million, or $2.60 a share, in the third quarter.
With tensions mounting in some of the areas that saw the biggest impact from Hurricane Sandy, Time Warner Cable and other service providers are rushing into the morass to fix their triple-play services and ease subscribers’ frustrations.
Cogeco Cable reported higher revenue but lower profit, a decrease attributed largely to higher taxes resulting from changes in Canada’s tax code. Revenue in the company’s fourth quarter increased by 6.2 percent to reach $324.8 million; profit was $45.7 million.
Cell towers knocked out by Superstorm Sandy were slowly coming back to life, federal regulators said, but about 1 in 5 were still out of service in a storm-hit area stretching from Virginia to Massachusetts. That compares with 1 in 4 cell towers that were out of service the day after the storm made landfall.
MetroPCS became the world's first operator to go live with commercially available Rich Communications Services on an LTE network. The service is based on the GSMA RCS 5.0 standard and is being marketed under the GSMA joyn brand. Joyn sports IM-like features.
Phone and cable companies started assessing the damage in the storm-hit areas of the East Coast amid widespread reports of phone outages in flooded areas. Cablevision, Verizon, Time Warner Cable and AT&T all were affected in the area by Hurricane Sandy.
A cable and Internet provider in the Bahamas says it is planning to expand to the nearby U.S. state of Florida. Cable Bahamas says a $65 million deal would give the Nassau-based company access to millions of potential customers in Florida.
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.
For AT&T, the IPTV game right now is about engagement. Customers who interact with their TVs churn at a much lower rate. And 65 percent to 70 percent of AT&T's viewers use a mobile device while they are watching TV several times a week.
Time Warner Cable has firmed up its leadership team in the company’s New York City service area with the recent appointments of three area vice presidents. As new area vice presidents, Brien Kelley, Gregg Cory and Anthony Ontiveros report to John Quigley, regional vice president of operations for New York City.
Time Warner Cable is planning on spending more than $5 million this year to expand its broadband network in dozens of communities across Maine. The Maine build-out is one element of a larger $100 million investment by TWC in its markets throughout New England, New York and the Carolinas.
Optimum Lightpath, the commercial services division of Cablevision, has enabled more technology-based learning tools to a school in New Jersey via its fiber network. Morris Catholic High School is now using Optimum Lightpath’s Internet Voice Bundle.
AT&T's wireline business, which makes up nearly half of revenue, continued to shrink slowly, as people cancel their landlines and move from phone-line broadband to cable modems. And AT&T's quarterly results were largely flat with a year ago.
The service, which is called Cloud Hosted Exchange, connects businesses with hosted communication and collaboration tools, without the cost of owning and managing the equipment. The new cloud-based offering was unveiled at the New York Business Expo and Conference earlier this week in New York City.
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.
Celeno's dual-band CLR260 3 x 3 802.11n chip, powered by its OptimizAir and digital beamforming technology, maximizes range, throughput and signal consistency. It delivers whole-home coverage, reliable throughput and high quality of service (QoS).
SeaChange International has appointed two new members to its executive team. Sam Ganesan joined SeaChange as chief architect, and Alan Hoff joined as vice president of strategic marketing. Ganesan came to SeaChange from Motorola, and Hoff rejoined SeaChange.