Time Warner Cable’s quarterly profit and video subscriber losses were below Wall Street’s projections, but data and business services continued to be a boon to the company’s bottom line. Time Warner Cable’s net income increased to $808 million, or $2.60 a share, in the third quarter.
With tensions mounting in some of the areas that saw the biggest impact from Hurricane Sandy, Time Warner Cable and other service providers are rushing into the morass to fix their triple-play services and ease subscribers’ frustrations.
Cogeco Cable reported higher revenue but lower profit, a decrease attributed largely to higher taxes resulting from changes in Canada’s tax code. Revenue in the company’s fourth quarter increased by 6.2 percent to reach $324.8 million; profit was $45.7 million.
Cell towers knocked out by Superstorm Sandy were slowly coming back to life, federal regulators said, but about 1 in 5 were still out of service in a storm-hit area stretching from Virginia to Massachusetts. That compares with 1 in 4 cell towers that were out of service the day after the storm made landfall.
MetroPCS became the world's first operator to go live with commercially available Rich Communications Services on an LTE network. The service is based on the GSMA RCS 5.0 standard and is being marketed under the GSMA joyn brand. Joyn sports IM-like features.
Phone and cable companies started assessing the damage in the storm-hit areas of the East Coast amid widespread reports of phone outages in flooded areas. Cablevision, Verizon, Time Warner Cable and AT&T all were affected in the area by Hurricane Sandy.
A cable and Internet provider in the Bahamas says it is planning to expand to the nearby U.S. state of Florida. Cable Bahamas says a $65 million deal would give the Nassau-based company access to millions of potential customers in Florida.
The sale of spectrum to Verizon Wireless and a 10 percent gain in data subscribers contributed to Comcast more than doubling its third-quarter profit. In its third-quarter earnings report, Comcast’s net income was $2.11 billion, or 78 cents per share.
For AT&T, the IPTV game right now is about engagement. Customers who interact with their TVs churn at a much lower rate. And 65 percent to 70 percent of AT&T's viewers use a mobile device while they are watching TV several times a week.
Time Warner Cable has firmed up its leadership team in the company’s New York City service area with the recent appointments of three area vice presidents. As new area vice presidents, Brien Kelley, Gregg Cory and Anthony Ontiveros report to John Quigley, regional vice president of operations for New York City.
Time Warner Cable is planning on spending more than $5 million this year to expand its broadband network in dozens of communities across Maine. The Maine build-out is one element of a larger $100 million investment by TWC in its markets throughout New England, New York and the Carolinas.
Optimum Lightpath, the commercial services division of Cablevision, has enabled more technology-based learning tools to a school in New Jersey via its fiber network. Morris Catholic High School is now using Optimum Lightpath’s Internet Voice Bundle.
AT&T's wireline business, which makes up nearly half of revenue, continued to shrink slowly, as people cancel their landlines and move from phone-line broadband to cable modems. And AT&T's quarterly results were largely flat with a year ago.
The service, which is called Cloud Hosted Exchange, connects businesses with hosted communication and collaboration tools, without the cost of owning and managing the equipment. The new cloud-based offering was unveiled at the New York Business Expo and Conference earlier this week in New York City.
The three-sentence statement from AT&T vice president Brad Burns suggested regulators take a close look at the foreign ownership implications of the transaction, as Softbank is a Japanese company and could gain control of a large amount of spectrum through Sprint.
Celeno's dual-band CLR260 3 x 3 802.11n chip, powered by its OptimizAir and digital beamforming technology, maximizes range, throughput and signal consistency. It delivers whole-home coverage, reliable throughput and high quality of service (QoS).
SeaChange International has appointed two new members to its executive team. Sam Ganesan joined SeaChange as chief architect, and Alan Hoff joined as vice president of strategic marketing. Ganesan came to SeaChange from Motorola, and Hoff rejoined SeaChange.
Time Warner Cable revamped its senior management team by giving additional responsibilities to Peter Stern. Stern, who is the cable operator’s executive vice president and chief strategy officer, has taken on the roles of chief people officer and leader of corporate development.
Brussels cable operator Numéricable has picked Calix’s GPON technology to upgrade its service delivery platform in Belgium and Luxembourg. Numéricable is also using Calix’s Ethernet Service Access Platform (ESAP) and will work with optical specialist Acradiz Telecom to launch the new business services across the region.
Time Warner Cable has added VoiceZone to its home phone service, which ties in the phone service to home computers, TVs and mobile devices. VoiceZone is free to Time Warner Cable customers that subscribe to its phone and voicemail services.
Wipro Technologies introduced a service that will enable cable operators to offer video, broadband and telephony on a prepaid basis. The prepaid approach, which aims to reduce cost and credit obstacles, has proven to be a practical option for many wireless telephony customers, including many in unserved or underserved markets.
Henry “Hank” Fore reports to Steve White and oversees Comcast’s video, data and telephone operations in both the Bay area and central California, which serve more than 2.2 million customers. He will also manage more than 5,500 employees.
Comcast announced this morning that it had finished launching its Xfinity Home service across its West Virginia footprint. Xfinity Home is Comcast’s set of home security, monitoring and control services. Comcast expects to have Xfinity Home available across all of its footprint by the end of this year.
Bolstered by DOCSIS 3.0 upgrades in North America, Arris posted strong revenue growth for customer premise equipment in the second quarter of this year while Cisco is still the leader of the pack for cable modem termination revenue. ZTE edged Huawei to take the No. 1 spot for broadband CPE revenue market share.
Members of Charter Communications’ executive team can hold off on packing their bags for now as the headquarters move from St. Louis to Stamford, Conn. hit a temporary delay. A package to aid Charter’s move from Missouri to Stamford was pulled off of the State Bond Commission’s agenda yesterday due to inaccurate numbers