The plot has thickened once again in the ongoing story of Time Warner Cable being bought out by another cable operator. Reuters reported that Comcast has turned to JPMorgan Chase & Co. for its expertise in case it decides to throw a bid on Time Warner Cable
Time Warner Cable announced this morning that Christian Lee had been promoted to senior vice president, mergers and acquisitions effective Dec. 31. Separately, Rob Marcus, who will take over the reins of the company on Jan. 1, said in a Bloomberg story that he was “the perfect guy to manage the M&A component out there.”
AT&T is joining T-Mobile in reducing monthly fees for people who pay for their own devices. It's the latest break from a longstanding practice of offering subsidies on devices to lock customers into two-year service agreements.
Phone companies would have an easier time discontinuing traditional land lines in Michigan under legislation approved Thursday that supporters say recognizes technological change but critics contend could leave customers with less reliable service.
Despite swimming in a shark tank of potential suitors, Time Warner Cable announced this morning that former Insight Communications executive Dinni Jain would be joining the company on Jan. 13. Jain, who was chief operating officer and president of Insight prior to Time Warner Cable’s purchase of the company last year, will join Time Warner Cable as chief operating officer (COO.)
Faced with increased competition from the likes of Netflix and Telus, as well as a mandated move to unbundling, Shaw Communications president Peter Bissonette has postponed his retirement. Bissonette will stay onboard until 2015 and has also assumed responsibility for Shaw’s regulatory and government affairs activities.
Billing vendor CSG International announced this morning that it had purchased some of the assets of Volubill. According to media reports, Volubill was put into compulsory liquidation and receivership on Oct. 29 in France. Financial terms weren’t available.
Cable MSOs are ready for fierce competition. They are making significant investments in their network infrastructure to be positioned for a high-bandwidth, mobile-integrated, multi-screen world. In this world, digital distribution is as important a line of business as traditional linear broadcast, so. MSOs are increasing investment in on-demand, next-generation broadband services as well as improved customer experience.
BlackBerry's interim chief executive has shaken up BlackBerry's management team in a move seen as prelude to him taking the top job himself. Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben, both hired by recently ousted CEO Thorsten Heins, will leave the struggling smartphone maker.
While Charter Communications and Liberty Media’s John Malone are reportedly lining up funding for a bid to buy Time Warner Cable, Comcast is checking into the possible regulatory hurdles it could face should it choose to purse the nation’s second-largest cable operator. CNBC reported that Comcast was asking for guidance on anti-trust and other potentia telecommunications issues that would be associated with a bid for TWC.
A Silicon Valley jury added $290 million more to the damages Samsung Electronics owes Apple for copying vital iPhone and iPad features, bringing the total amount the South Korean technology titan is on the hook for to $930 million. The verdict covers 13 older Samsung devices that a previous jury found were among 26 Samsung products that infringed Apple patents.
Tom Wheeler said that the Technology Transitions Policy Task Force—assembled by former FCC Chairman Julius Genachowski at the behest of AT&T and NTCA—will present a status update at the Dec. 12 Commission meeting. With that research in hand, Wheeler expects the FCC by January to draft an order concerning experimentation, data collection, and policy, legal and technical outlines for the IP transition agenda.
Harmonic has hired former Cisco sales executives Frank Montalto and Spencer Hodson. Montalto is now Harmonic’s regional vice president for North American cable and telco while Hodson joined the company as vice president of sales strategy, operations, and enablement.
Bright House Networks Business Solutions has landed a deal to provide its services to Florida Polytechnic University, which is slated to open its doors next fall. As part of the agreement, Bright House Networks will provide Florida Polytechnic University, a science, technology, engineering and mathematics (STEM) school, metro Ethernet, dedicated Internet Access, hosted voice and video services.
This morning the Cable Center announced the newest members to its Cable Hall of Fame. The six inductees will be honored during the annual Cable Hall of Fame Celebration, which will be held in conjunction with The Cable Show in Los Angeles on April 29.
Vonage has closed on its $130 million acquisition of fellow cloud-based communications company Vocalocity Inc. The deal, announced last month, includes $105 million in cash and $25 million in Vonage stock. It increases Vonage's presence in the small- and medium-sized business market.
Tech bellwether Cisco Systems Inc. posted lower-than-expected revenue for its fiscal first quarter on Wednesday and warned that its revenue for the current period could fall as much as 10 percent from a year ago. Cisco's shares tumbled 11 percent in extended trading after the company gave its guidance
Comcast Business has started a major network expansion to better serve businesses in the Puget Sound region. Once the expansion is completed in Kitsap County, local businesses will have access to Comcast’s commercial Internet service in addition to its Ethernet services.
WOW announced this morning that it had bought the data center, cloud and fiber assets of cloud service provider Bluemile for an undisclosed sum. The deal marked WOW’s entry into the cloud infrastructure space. With the addition of Bluemile, WOW will be able to offer data center-based services such as disaster recovery, cloud backup, managed security and cloud computing.
Most mobile phone users have never heard of Tizen. Samsung, the South Korean electronics giant, is in a quiet push to make its Tizen operating system a part of the technology lexicon as familiar as Google's Android or Apple's iOS.
The latest round in Apple and Samsung's bitter global battle for supremacy in the more than $300 billion smartphone market begins Tuesday in a courtroom a few miles from Apple's Silicon Valley headquarters. In courts, government tribunals and regulatory agencies around the world, Apple Inc. has argued that Samsung's Android-based phones copy vital iPhone features.
Cablevision bled subscribers across its video, data, and voices services, but still posted a profit in the third quarter. On the video side, Cablevision lost 37,000 customers, which exceeded Street Account’s estimate of 17,200.
The Cable Center announced this morning that NetCracker Technology was named as a co-presenting sponsor of its Customer Experience Committee (C5.) As a part of The Cable Center’s Customer Experience Central initiatives, the C5 is comprised of 25 invited members who represent leading cable operators in North America and Europe.
Vonage Holdings Corp. said Wednesday that its third-quarter net income tumbled 68 pct, as the company didn't attract as many customers to its higher-priced calling plans and lost some existing customers. Vonage, which provides phone services through cloud-connected devices, added 175,000 new subscribers during the quarter, up from 172,000 a year ago.
AT&T’s home automation and security service, which is called “Digital Life,” will soon be available in six new markets. Starting Friday, Digital Life, which made its debut earlier this year, will launch in Bridgeport, Conn., Colorado Springs, Colo., Memphis, Mobile, Ala., New Haven, Conn., and Pensacola, Fla.