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.
CSG International has inked a multi-year billing and customer care agreement with Comcast, but as a result of the new deal the vendor revised down its outlook for this year. CSG’s previous agreement with Comcast was slated to expire at the end of last year, but was extended until March while the two sides hashed out a new deal.
Buckeye CableSystem has opted for Motorola’s Apex300 edge QAM to help provision its VOD and switched digital video services (SDV). The Apex3000 will also put Buckeye on a migration path to the industry’s converged cable access platform (CCAP) down the road.
In order to better target the hospitality vertical, Comcast Business announced a partnership with celebrity chef Robert Irvine. Irvine is well known for his Food Network show “Restaurant: Impossible,” in which he helps struggling restaurants across the nation by assessing and overhauling their operational or personnel weaknesses.
Cox Communications recently promoted Kim Stanley and J.D. Myers to the positions of market vice presidents in two of its Cox Virginia systems. Stanley is market vice president, Roanoke Operations for Cox Virginia while Myers is now market vice president, Northern Virginia Operations.
T-Mobile’s new no-contract pricing plans are now live on the company’s website with plans starting at $50 for unlimited talk and text plus 500 MB of data. The plans add on $10 for each additional 2 GB and include mobile hotspot.
Driven by DOCSIS 3.0 and Wi-Fi, customer premise equipment (CPE) racked up its best year ever in 2012, according to a recent report by Infonetics Research. Based on strong EMTA shipments to North American cable operators, Arris remained the top dog in revenue in the DOCSIS 3.0 CPE segment, followed by Motorola, Cisco, Netgear and Ubee Interactive.
After more than 10 years at Midcontinent Communications, David Haigh will start his new job on Monday as Charter Communication’s regional vice president of inside plant. Haigh will be based in Madison, Wis. and will report to Sean Gallagher, vice president of corporate ISP.
System-on-a-chip (SoC) vendor Sigma Designs introduced its next-generation product portfolio, which is based on the Z-Wave wireless protocol, that was designed to improve the performance of home control devices. Sigma’s Z-Wave Next Gen product portfolio was designed for original equipment manufacturers (OEMs) and service providers interested in developing home control products and services.
Comcast announced this morning that it will open a new, state-of-the art customer support center this summer in Susquehanna Township, Dauphin County, which is near Harrisburg Pa. Comcast will fill 425 new jobs at the facility, which brings its total number of employees across the state to 12,000.
John Malone’s holding company, Liberty Media, has bought a 27.3 percent stake in Charter Communications for about $2.62 billion. The deal is slated to close in the first half or second quarter of this year. Liberty expects to fund the purchase with a combination of cash on hand and new loan arrangements.
Comcast Business announced today that over the coming weeks its Ethernet services would be available across six communities in Chittenden County, Vermont. The six towns in Chittenden County feature a large number of the state's businesses, ranging from snowboard manufacturers to global high technology.
Aurora Networks has closed its $46 million deal to buy Harmonic’s Cable Access unit that was first announced on Feb. 19. Aurora said the acquisition would increase its market share lead in the optical transport market by significantly increasing its installed base for next-generation service-providing products and create long-term strategic growth opportunities.
The Society of Cable Telecommunications Engineers (SCTE) today announced that it is seeking proposals for papers and presentations for the technical sessions at SCTE Cable-Tec Expo 2013. The SCTE Cable-Tec Expo 2013 Program Committee is looking for abstracts that address the evolution of cable networks, services and business processes for the Monday through Thursday, Oct. 21-24 event in Atlanta.
Time Warner Cable has struck a multi-year sponsorship deal with the University of Kentucky’s athletic program centered around the men’s basketball and football teams. With the agreement, Time Warner Cable serves as the official sponsor of University of Kentucky athletics across its core video, high speed data, Wi-Fi and home phone products and services.
Comcast has connected city hall, schools and libraries throughout the city of West Haven, Conn. with its Ethernet and trunking services. Comcast is providing West Haven with high-speed Internet access and voice services that connect city hall to 17 municipal locations, including West Haven's three libraries, six firehouses, the high school, beach patrol offices and the police department.
Cablevision’s fourth quarter subscriber numbers and revenue took a hit in the aftermath of Superstorm Sandy. The nation’s fifth-largest cable operator lost about 50,000 video subscribers, 5,000 data customers and 10,000 voice subscribers in the fourth quarter.
The small cable operator market continues its wave of consolidation. Yesterday TDS Telecom announced a deal to buy all of the assets of Baja Broadband. Baja Broadband, which is headquartered in Alamogordo, New Mexico, offers triple play services to residential and business customers in parts of Colorado, New Mexico, Texas and Utah.
Testing vendor ZCorum has added a new reporting feature to help cable operators keep abreast of VoIP quality issues, as well as a loop diagnostics test that can be run from a smartphone or tablet.
Time Warner Cable Business Class (TWCBC) has rolled out a new suite of services that were designed to meet the needs of businesses with remote employees. Teleworker Solutions is available across the greater New York City area, New York State, New England and the Carolinas.