Verizon added a total of 188,000 FiOS Internet and 169,000 FiOS video subscribers in its first quarter. Verizon ended the quarter with a total of 5.6 million FiOS Internet and 4.9 million FiOS video connections. It also migrated 83,000 homes from copper to fiber.
Arris CEO Bob Stanzione has assembled his new leadership team now that the deal to buy Motorola’s Home division closed yesterday. Former Charter Communications CTO Marwan Fawaz, who joined Motorola last year, won’t be a part of the new executive team, but Stanzione said in a company memo that Fawaz would stay on board over the next few weeks to help with the transition.
Stick a fork in Arris’ acquisition of Motorola. Arris announced this morning that its $2.3 billion deal to buy Motorola Mobility’s Home division from Google was wrapped up. The completion of the acquisition, which was first announced Dec. 19, came after the United States Department of Justice (DoJ) signed off on the deal on Friday.
Comcast has hired Shawn Adamson as its vice president of commercial business services for its Mile High Region. In her new job, Adamson will lead Comcast’s portfolio of business offerings and services, including the company’s Metro Ethernet suite of services that were launched two years ago.
With more than 50 years in customer service, Barbara Burge has no doubt seen and heard it all in the cable industry, but she recently announced her retirement as Cable One’s general manager in Altus, Okla. Her career started out in 1962 at Southwestern Bell Telephone Company where she worked as a service representative
Dish Networks' $25.5 billion merger bid for Sprint represents a 13 percent premium over the value of Softbank’s current offer. Softbank’s bid, valued at approximately $20 billion, would put the Japanese cellular giant in control of 70 percent of Sprint.
Columbia, Maryland-based Howard Community College is using Motorola Mobility’s passive optical LAN (POL) platform to provide IP connectivity in its new Heath Sciences building. The fiber-optic network will serve more than 1,500 Ethernet ports, and was designed and deployed by Science Applications International Corporation (SAIC).
The European Commission announced this morning that it had put its stamp of approval on Liberty Global’s $23 billion purchase of Virgin Media. The European Commission found that the deal, which was announced earlier this year, didn’t raise any competitive concerns.
Arris announced this morning that the United States Department of Justice (DoJ) had signed off on its $2.235 billion deal to buy Motorola Mobility’s Home division from Google.With the DoJ stamp of approval in hand, Arris has cleared all of the regulatory hurdles and expects the transaction to close “on or about April 17.”
Level 3 announced this morning that its board of directors had promoted chief operating officer Jim Storey to CEO. Storey takes over the tiller from longtime CEO Jim Crowe, who announced last month that he was stepping down by year’s end.
When it comes to revenue and capital expenditures, NTT still ruled the telecom service provider roost worldwide last year, according a recent study. Infonetics Research’s report said the world’s top-three service providers in 2012 by revenue were, in order, NTT, AT&T and Verizon.
In order to better serve businesses, Time Warner Cable Business Class (TWCBC) has expanded its fiber-optic build out in the New York City area to the West Shore of Staten Island. TWCBC partnered with the Staten Island Economic Development Corp. (SIEDC) to bring faster data speeds into the West Shore area.
Deutsche Telekom (DT) could potentially halt the final tally of the shareholder vote to approve the T-Mobile-MetroPCS merger if things don’t appear to be swinging in its favor. A Bloomberg report is citing people familiar with the matter as saying the delay could provide DT a chance to sweeten its bid.
Cox Communications and Verizon Wireless have launched their combined offering of cable, phone, Internet and wireless services in metro Phoenix, Southern Arizona and Las Vegas. The bundling deal, which was first announced in December of 2011, allows subscribers to pick their service preferences from a range of offers that include video, Internet, home phone and 4G LTE wireless services.
Shaw Communications and Alcatel-Lucent have laid claim on the first successful field trial in North America for 400 Gbps data transmissions over a live network. Using Alcatel-Lucent's 1830 PSS with the 400G Photonic Service Engine (PSE), the trial ran over a 400 kilometer route between Calgary and Edmonton in Alberta, Canada.
The company is deploying equipment from Edgewater to deliver its business VoIP and data services. Megapath provides managed data, voice, security and hosted IT services in North America, using T1 and Ethernet connections. It is now installing its T1 and Ethernet circuits using Edgewater’s EdgeMarc 4552 Series ESBC as a WAN access router.
In a letter to investors, MetroPCS today reiterated its call for shareholders to approve the proposed combination with T-Mobile USA. The letter comes after Institutional Shareholder Services Inc. (ISS), a proxy adviser firm, last week advised MetroPCS shareholders to vote against the proposed merger, citing the negative market response to the merge
Apple is seeking a patent for an iPhone that has a display that wraps around the edges of the device, expanding the viewable area and eliminating all physical buttons. The patent application reveals that Apple has put some thought into a device that takes advantage of a new generation of displays, which don't have to be flat and rigid like today's liquid-crystal displays, or LCDs.
Investors bet Thursday that T-Mobile USA will have to sweeten its proposal to merge with smaller cellphone carrier MetroPCS Communications Inc. after an influential shareholder advisory firm came out against the deal. Shares of Dallas-based MetroPCS, the fifth-largest U.S. cellphone company, rose 42 cents, or 4 percent, to $10.95 in midday trading.
Cisco Systems Inc. is increasing its dividend 21 percent, its second boost in less than a year. The San Jose, California-based technology giant will pay a 17-cent quarterly dividend on April 24 to shareholders of record April 8. That's up 3 cents from the last quarter.
The optical transport network (OTN) equipment market is well on its way to topping the $13 billion mark by 2017, according to a recent study by Infonetics Research. Last year the OTN transport and switching equipment market grew 8 percent to $7.3 billion with the bulk of that growth coming from the OTN switching segment, which was up 46 percent in 2012 from 2011.
Clearwire has opted to draw $80 million in funding for April from Sprint, as part of the carrier’s proposed offer to buy the WiMax provider for $2.97 per share. Clearwire accepted the draw for March despite Dish’s insistence it would withdraw its offer to buy the remaining half of Clearwire for $3.30 per share.
Lightpath, a division of Cablevision, has helped New York-based Westchester Community College connect its main campus to five remote locations with its fiber network. Using the Lightpath Education Services Suite, the college was also able to enable online registration for students, connect the security staff across locations, offer classes via VOD, and incorporate closed-captioning into lectures.
Time Warner Cable Business Class, the commercial services division of Time Warner Cable, has opened the doors on a new data center in downtown Manhattan to better serve its business customers. With the opening of the Manhattan data center, Time Warner Cable Business Class now operates nine data centers throughout the United States, and another in the United Kingdom.
John Malone’s Liberty Global has continued its recent shopping spree with today’s news that it has bought a 12.65 stake in Dutch cable operator Ziggo for about $808.3 million.Liberty Global, which announced last month it was buying Virgin Media in a cash and stock deal valued at $23.3 billion, bought 25.3 million Ziggo shares from Barclays Capital Securities Limited.