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.
Verizon Communications says it will create a financial services hub at its facility in Tulsa, Okla., adding 500 new jobs. Verizon already employs more than 900 people at its Tulsa facility. The company says the new jobs will be finance and accounting positions.
In order to better connect its Hispanic customer base with its services, Cablevision announced that it has launched a new Web portal, Optimum.net en Español. The new Web portal knits together Cablevision’s Optimum services with full Spanish-language features.
Suddenlink has promoted Kevin Stephens to president of the company’s Commercial & Advertising Operations (CAO) organization, headquartered in Dallas. Two other Suddenlink executives were promoted to vice president: Brian May and Bradley Cooke.
In a stock deal with one of its main suppliers, Comcast has agreed to pay $150 million for a stake in Arris. Comcast will acquire 10.6 million shares in Arris, and the deal will be completed in concert with Arris’ $2.35 billion purchase of Google’s Motorola Home division.
Before we Start Over with a New Year, here’s a Look Back at 2012 through the prism of CED’s Broadband 50, which is now 12 years old. We have scoured the cable world to come up with the people, stories and trends that were the most meaningful.
Expanding its Northwest footprint, Wave Broadband has acquired a fiber network operator that specializes in high-capacity links to public and business customers. Wave Broadband’s parent, WaveDivision Holdings, paid $50 million for Black Rock Cable, which provides fiber connectivity in northwest Washington State.
Former Rogers Communications executive Dermot O’Carroll, who retired from Rogers last year, has joined Sandvine’s board of directors. O’Carroll had almost 40 years of experience in the telecommunications industry, including 15 years at Rogers, before he retired.
Imaginative minds have sometimes pegged the Internet as the new Wild West, a vast land of opportunity fraught with peril. That’s a bit of a stretch, but if there’s one ideal that should hold as true in this new frontier as it did in the old, it’s Roy Rogers’ plea to never fence him in
In the weeks after Superstorm Sandy ravaged the Mid-Atlantic region, cable was a whirlwind of activity. Engineering crews worked tirelessly to ensure that critical facilities were up and running and that key telecommunications services would be quickly restored.