Charter Communications and Liberty Media said on Wednesday that they had wrapped up Liberty Media’s $2.6 billion investment in the nation’s fourth-largest cable operator. The investment was first announced in March and now that its completed John Malone’s Liberty Media has a 27.3 percent stake in Charter.
In an effort to better serve small business customers, Cox Business announced this morning the launch of its VoiceManager IP Centrex service. The cloud-based service is fully managed by Cox Business, which lets small business owners focus on running their day-to-day operations while reducing the demand on their IT staff and other employees.
Price increases on video service and customers upgrading to HD packages and digital video recorders (DVRs) helped boost Comcast’s first quarter profit by 17 percent. It lost 60K basic video subs, but increased its broadband subscriber count by 433,000 in the quarter. It also added 211,000 new voice customers.
Time Warner Cable’s all-digital project is rolling into other areas of its New York City footprint and the nation’s second-largest cable operator is using HD digital transport adapters (DTAs) from Cisco. The HD DTAs allow subscribers to tap into HD services without more expensive DVRs or set-top boxes that require CableCards.
Comcast Business announced today that it had made a major investment to serve up its entire suite of Ethernet, data, voice and video services to 250 businesses in Portsmouth, N.H. The businesses are located in Pease International Tradeport, which was an Air Force base that has been turned into a business park.
Buckeye Cablesystem sister company Telesystem said it has embarked on a network upgrade to achieve 99.999 percent availability for its IP-based services. Five-nines availability translates to no more than 5.26 minutes of downtime per rolling year.
Comcast has leveraged MoCA 2.0 and the 5.0 GHz frequency on its new wireless gateway that features speeds of up to 270 Mbps. According to research by Allion USA, Comcast’s new gateway more than tripled the speeds of competing wireless gateways from AT&T and Verizon.
An increase in Time Warner Cable’s business services revenue helped the cable operator’s bottom line in the first quarter, but the nation’s second-largest cable operator continued to bleed out basic video subscribers. For the quarter, Time Warner Cable lost 119,000 basic video subscribers, which were more than the 91,000 that analysts had projected.
Verizon Wireless and Bright House Networks’ cross-promotional bundles have rolled into four more markets; Bakersfield, Calif., Birmingham, Ala., Indianapolis and Detroit. The latest launches of the joint marketing effort followed up on the initial launch in Orlando late last year
Cable One is spending $60 million on a infrastructure enhancement, which includes upgrading nearly 50,000 amps, installing more than 600 nodes, replacing 800 miles of cable and adding 600 miles of fiber. The project started last year and will continue through next year.
Dallas is the latest city to launch Time Warner Cable’s home automation service, which is called IntelligentHome. Time Warner Cable has previously said it planned on having IntelligentHome rolled out across its entire footprint by year’s end.
Buckeye Cablevision, which does business under the Buckeye CableSystem moniker, has brought former National Cable Television Cooperative (NCTC) president and CEO Jeffry Abbas on board as its new president and general manager. At Buckeye CableSystem, Abbas will report to Joe Jensen, Block Communications’ executive vice president/cable and telecommunications.
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.