In its first quarterly gain of basic video subscribers in six and half years, Comcast announced this morning that it had added 43,000 video subscribers in the fourth quarter. Comcast’s robust fourth quarter earnings came on the heels of rumors that it was in talks with Charter Communications to divide up Time Warner Cable.
Suddenlink Communications announced it has promoted Mike Pflantz to senior vice president of corporate finance and accounting at the company’s headquarters in St. Louis. Suddenlink also announced that Jared Sonne was promoted to the position of vice president of operations for the company’s Texoma Region.
John Malone can scratch Ziggo off of his “to do” list now that his Liberty Global has picked up the rest of Ziggo that it didn’t already own in a $13.7 billion cash and stock deal. After purchasing a 28.5 percent stake in Ziggo in March of last year, Malone and Liberty Global had been in hot pursuit of the rest of Netherlands-based Ziggo since August.
At the request of the UK Takeover Panel, AT&T Monday confirmed that it does not intend to make an offer for Vodafone. AT&T recognized that recent speculation regarding a potential transaction involving Vodafone could have affected recent movement in the share price of Vodafone.
Comcast and NBCUniversal have struck a wide-ranging, 10-year deal with the San Francisco 49ers to provide a range of services at the new Levi’s Stadium. Hooking up professional sports stadiums with its Ethernet and Wi-Fi services is nothing for new Comcast, but the deal with the 49ers also included programming elements as well.
In order to win the hearts, minds and votes of Time Warner Cable shareholders, it’s become a war of online presentations between Charter Communications and Time Warner Cable. Today Charter Communications posted a follow up presentation on its website that came on the heels of Time Warner Cable’s rejection of its $132.50 per share bid for Time Warner Cable early last week.
Charter Communications has hired Richard Schultz for the position of senior vice president of inbound sales and retention, customer operations. Schultz has more than 25 years of experience leading sales in the telecommunications industry, most recently at Cox Communications.
Time Warner Cable Business Class is now offering a session initiated protocol (SIP) trunking service to its customers. Comcast, Cox Rogers Communications and Cablevision also offer SIP trunking services to their business customers.
Not content with already having the tallest skyscraper in its hometown of Philadelphia, Comcast announced yesterday that its new research center will be even taller when its finished in 2017. The glass and stainless steel Comcast Innovation and Technology Center will over shadow the neighboring Comcast Center, which is the cable operator’s headquarters that opened in 2008.
NetCracker Technology announced this morning that Suddenlink Communications has signed on to use its Customer Management and CRM platform. NetCracker was already the primary hosted billing platform provider for Suddenlink, but NetCracker has expanded that relationship by installing its web-based Customer Management and CRM offering.
Completel is using AudioCodes session border controllers (SBC) to link its enterprise communications platform with a new SIP trunking service. The French company has deployed AudioCodes Mediant 4000 SBCs in a geographically redundant configuration to connect its already deployed Enterprise Telephony and Unified Communications (UC) platforms and Completel's SIP trunk service.
Chinese tech giant Huawei on Wednesday rejected suggestions its telecoms equipment is vulnerable to hacking and forecast a rise in 2013 profit of nearly 50 percent. Chief financial officer Cathy Meng rejected as "groundless" reports that Huawei equipment might be more vulnerable to security threats than telecoms infrastructure made by other companies.
Charter Communications executives labeled Time Warner Cable a "turnaround project" suffering from a failed strategy as they urged Time Warner Cable shareholders to prod management to begin talks with Charter on its buyout offer. The criticism was leveled Tuesday after Charter revealed details of its proposed bid for Time Warner Cable. The offer would create the third-largest pay TV provider in the country.
Telephone companies are quietly balking at the idea of changing how they collect and store Americans' phone records to help the National Security Agency's surveillance programs. They're worried about their exposure to lawsuits and the price tag if the U.S. government asks them to hold information about customers for longer than they already do.
The gloves are off in Charter Communications’ attempt to takeover Time Warner Cable. Charter has offered to buy the nation’s second largest cable operator for $132.50 a share, which was slightly higher than where Time Warner Cable’s shares closed on Monday. Monday night Time Warner Cable CEO Rob Marcus, who took over as CEO of the nation’s second-largest cable operator on Jan. 1, formally rejected Charter’s third offer.
After rumors of a subscription streaming music service for some time, AT&T announced it has hooked up with Beats Music for a new family-orientated offering that will launch Jan. 21. The deal with Jimmy Iovine’s Beats Electronics will allow AT&T wireless customers to stream or download the service to five family members on up to 10 devices for $15 a month.
Cablevision has hired Robert Comstock to the newly created position of executive vice president, operations. Effective immediately, Cablevision said Comstock is responsible for all aspects of infrastructure that support the delivery of Cablevision’s customer experience, including network management, field operations, outside plant, Wi-Fi execution, and telecommunications network management.
Time Warner Cable announced this morning that Alan Lui was promoted to senior vice president of human resources. Effective today, Lui now leads all aspects of the cable operator’s human resources department. He continues to report to Peter Stern, Time Warner Cable’s executive vice president and chief strategy, people and corporate development officer.
Fairfax Financial Holdings said Wednesday it is buying another $250 million of convertible debt in BlackBerry in what Fairfax says is a show of confidence in the troubled smartphone maker's new management. Fairfax, BlackBerry's largest shareholder, led an investment group that injected $1 billion into the company last fall.
The chiefs of Samsung Electronics Co. and Apple Inc. will meet to discuss settling a bitter two year legal battle over designs and technologies of smartphones and tablets. A filing with the U.S. District court in San Jose showed Thursday that senior legal executives from Apple and Samsung agreed earlier this week that the CEOs will meet by or before Feb. 19.
Suddenlink Communications announced it has completed its purchase of four Texas-based systems from Northland Communications. With the completion of the deal, which was first announced in October, Suddenlink added 12,000 residential and nearly 300 commercial customers.
BlackBerry reported a massive $4.4 billion loss in the third quarter and 56 percent drop in revenue in its first results under new chairman and interim chief executive John Chen who hopes to make the company profitable again by 2016. BlackBerry also announced Friday it is entering into a five-year partnership with Foxconn, the Taiwanese company that assembles products in vast factories in China.
Verizon Communications Inc. says it will publish information on the number of requests for customer records it received from law enforcement agencies this year. The announcement Thursday from the largest U.S. cellphone carrier comes as debate over data-gathering by the National Security Agency intensifies in Washington.
If President Barack Obama follows even half of the recommendations urged by his advisory panel, the National Security Agency would significantly change the way it does business. The collection of U.S. phone records and the spying on other governments and their citizens would continue. But Americans' phone records would be held by phone companies, not the NSA.
Just in time for the holidays, Time Warner Cable has added support for Kindle tablets on its TWC TV app, and updated some features across Roku, Xbox and Samsung devices. The TWC TV app now works with Kindle Fire HD and HDX tablets for Time Warner Cable customers that subscribe to its “standard” or “preferred” video tiers.