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.
The company said the loss was primarily due to network improvements related to its Network Vision initiative, including the shutdown of the Nextel platform. The company also noted $45 million, or negative $.01 per share (pre-tax), related to impacts from Superstorm Sandy.
The once heavily tech-driven business model of small Tier 2 and Tier 3 cable and broadband service providers is morphing into a kaleidoscope of moving, interchangeable parts. Smaller operators whose subscriber counts number in the four- and five-figure range are fiddling with and tweaking their business models like never before.
Technology development is accelerating, and consumer and enterprise demand for bandwidth-hungry content and applications continues to expand. The need for global standardization has become an industry prerequisite, driven by the needs of service providers to deliver robust new services quickly and cost-effectively.
John Malone’s Liberty Global is in the process of cooking up a deal to buy Virgin Media. Virgin Media’s price tag could be in the range of $24 billion, while its market capitalization stands at $10.4 billion. Including debt, its enterprise value is around $19.4 billion.
Skype has launched carrier billing in Russia through technology from Mach and payvia. The company expects the service that allows users of the VoIP service to charge Skype credits directly to their carrier's monthly bill. Mach said the new feature will soon be available to Skype users in the United States and Canada.
Mexican telephony and broadband provider Axtel just fired up an IPTV. Ericsson said it is providing managed services, consulting and systems integration for the service. The initial launch is in Mexico's three largest cities: Mexico City, Guadalajara and Monterrey.
Comcast has packaged up its Ethernet, Internet, video and voice services into a new product suite that was designed specifically for hotels and motels. Comcast Business Hospitality is available across Comcast’s entire footprint to hotels and motels.
Cincinnati Bell has appointed Ted Torbeck as the company's new CEO and member of the board of directors. He succeeds Jack Cassidy, who has been elected vice chairman of the board. The move is part of Cincinnati Bell’s established succession plan.
On a fourth-quarter and year-end earnings conference call, Time Warner Cable President and COO Rob Marcus outlined some of the cable operator’s key initiatives for this year, which included the rollout of a cloud-based user interface on IP set-top boxes and gateways.
Broadcom has purchased BroadLogic, Broadcom confirmed. The acquisition was made months ago, during the summer of 2012, but was not announced. The only previous public mention of the action was a status update attesting to the fact on the website of one of BroadLogic’s investors.
AT&T reported a net gain of 192,000 U-verse TV subscribers for a total of 4.5 million TV customers, and a net gain of 609,000 high-speed Internet subscribers, to reach a total of 7.7 million. The company said its combined total of TV and broadband U-verse subscribers was 8 million.
Cable One has added more TV Everywhere content via an expanded agreement with Synacor, and it also announced a new 30-day money-back satisfaction guarantee program. Cable One signed on early last year with Synacor for its first crack at TV Everywhere services and a new customer Web portal.
Inmarsat will use VoIP equipment from Metaswitch to provide the telephony element of its Global Xpress worldwide communication service. Metaswitch is supplying Inmarsat with its Universal Media Gateways, MetaSphere server, MetaView system and Perimeta session border controllers.
Demonstrating that you’re never too small to target the enterprise market, Hargray Communications said it intends to purchase iTech, a managed services company. Hargray has operations in South Carolina and in Georgia, and iTech is headquartered in Savannah, Ga.
Verizon strengthened its position as the top dog of the wireless industry in its latest quarter by raking in new subscribers and selling millions of iPhones, but it also posted a record loss. The loss of $4.23 billion, or $1.48 per share, for the fourth quarter was mainly due to adjustments to the value of its pension funds and obligations.
Idaho landline phone companies contend a 13-year-old law forbidding them from cold-calling existing customers is crippling their ability to market high-speed Internet. The Idaho Cable Telecommunications Association, representing Cable One and Time Warner Cable, is meeting to discuss the phone companies' deregulation gambit.