Comcast announced that it was buying out General Electric’s 49 percent stake in NBCUniversal for $16.7 billion instead of waiting until next year’s previously scheduled date of July to take full control of NBCUniversal. Comcast earned $1.52 billion, or 56 cents per share, in the fourth quarter.
Glandorf Telephone has installed Adtran’s broadband platform to provide broadband and video services to its customers in the northwestern part of Ohio. Glandorf is using Adtran’s Total Access 5000 to deliver services both on its DSL network and via FTTH lines.
Genband launched a new white label cloud service, which is called “NUViA,” that it said will cut down on the amount of equipment service providers need to provision their services while also cutting down on time to market.
Sandy, Utah-based Telarus recently announced that it had entered into an agreement with Cablevision to distribute its triple-play business services. The deal opened the door to 1,200 independent commercial communication consultants who source through Telarus.
The FCC issued a Notice of Proposed Rulemaking (NPRM), which seeks comment on rules to help address problems in the completion of long-distance telephone calls to rural customers. The NPRM is specifcally aimed at intermediate carries that complete long-distance calls for long-distance providers.
Charter Communications, which is the nation’s fourth-largest cable operator, emerged as the sweepstakes winner for the former Bresnan systems with a winning bid to Cablevision of $1.625 billion. The deal is slated to close in the third quarter.
A House committee agreed that Idaho should lift a 13-year-old restriction barring phone and cable TV companies from calling existing customers to market new products or services, rejecting an argument from the attorney general's office that the change would erode people's privacy protections.
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.