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.
AT&T announced that it has signed an agreement to buy Atlantic Tele-Network (ATNI) to acquire the company’s U.S. retail wireless operations, operated under the Alltel brand, for $780 million in cash. AT&T will acquire wireless properties, including licenses, network assets, retail stores and approximately 585,000 subscribers.
Consumers want to watch their videos anytime, anywhere and on any device, but content licensing issues are shackling those efforts, according to a recent study. Infonetics Research pinged pay-TV operators in regard to their multi-screen video services and delivering live and file-based content to subscribers across multiple devices.
Time Warner Cable is taking aim at winning back former customers through a new marketing campaign. The operator is targeting video customers that it has lost to the likes of Verizon and AT&T. The marketing campaign is called “The Better Guarantee” and is an extension of the cable operator’s “Enjoy Better” campaign.
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.
Chinese tech giant Huawei criticized U.S. claims the company might be a security risk as trade protectionism that harms consumers. The comments came as Huawei disclosed details of its 2012 performance in an effort to show transparency and allay security concerns.
The FCC launched a website that aims to keep broadcasters informed and engaged in the upcoming incentive auctions. The new LEARN website provides access to a range of information and resources that the FCC hopes will help broadcasters and other stakeholders make more informed business decisions.
In comments submitted to the FCC, the consumer advocate wrote that while searching the ULS for data to support policy positions in several spectrum proceedings, “PK noticed how challenging it is to gather meaningful information on carriers’ spectrum licenses and affiliate control in order to understand the mobile wireless market.”
Intel said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken. Net income was $2.47 billion, or 48 cents per share, for the October-to-December period. That was down from $3.36 billion, or 64 cents per share, a year ago.
Comcast is future-proofing its core network with the addition of Ciena’s newest 100G technology, which will allow the nation’s largest ISP and cable operator to scale to 400G at some point. Ciena’s 6500 Packet-Optical Platform is equipped with third-generation WaveLogic coherent optical line interfaces.
Bright House Networks has increased the download speed of its top data tier to 60 Mbps across its footprint, while offering small- and medium-size businesses a new speed of 70 Mbps. Bright House’s DOCSIS 3.0-based Lightning Internet service increased from 40 Mbps to 60 Mbps on the downstream.
AT&T may be looking to acquire an overseas carrier. The Journal cites "people familiar with the carrier's thinking" who said that AT&T is currently looking at a number of targets, and a deal could come before the end of the year.
Sprint announced it will be rolling out LTE soon in 28 more cities, including many spots along the Gulf Coast. Since Sprint introduced its LTE network in July, it has made the service available in 49 cities, with another 200 markets in the works.
Nokia Siemens Networks has successfully launched an LTE network for U.S. Cellular and its partner, King Street Wireless, in 11 markets, covering select cities in Illinois, Missouri, North Carolina, Oklahoma, Oregon, Tennessee, Virginia, Washington and West Virginia.
Mobile payments are set to explode over the next few years, according to new research released from Forrester. According to the report, U.S. mobile payments will reach $90 billion by 2017, a 48 percent compound annual growth rate (CAGR) from the $12.8 billion spent in 2012.
Shaw Communications and Rogers Communications have signed a series of agreements that include the sale of Hamilton-based Mountain Cablevision and Shaw’s AWS wireless spectrum to Rogers. The agreements total $700 million and also include Shaw gaining Rogers’ one-third stake in TVtropolis.
Smartphone users have for the first time surpassed tablet users in mobile data consumption. Apple’s iPhone 5 is the “hungriest” in terms of download volume, with Samsung’s Galaxy S3 and HTC’s Sensation XL in second and third, respectively, and a phablet, the Galaxy Note 2, in a not-too-distant fourth.
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.
The nation’s second-largest cable operator is taking a more hands-on approach with its customers by allowing them to interact with its products and triple-play services at the new experiential store. The Wilmington store is the first of its kind, but Time Warner Cable plans on expanding the concept nationally over the next few years.
It seems everyone agrees that the Federal Communications Commission needs to simplify its spectrum screen, but there's a big division on exactly how that should be done. Such was the case in a spate of comments filed recently with the FCC.
The Crow Creek Sioux Tribe Utility Authority has filed a petition with the FCC to block Sprint's impending 70 percent share transfer to Softbank on the basis that Sprint has "demonstrated a blatant disregard for the jurisdiction and sovereignty of the Crow Creek Sioux Tribe and its regulatory authority over Sprint’s operation on the Crow Creek reservation."
Comcast said it’s the first multichannel provider to bring its authenticated subscribers live streaming of ESPN Buzzer Beater via its Xfinity.com/TV Web portal. ESPN Buzzer Beater is ESPN’s weekly HD college basketball live cut-in and highlights network.
Sprint isn't sweating Dish Network’s offer to buy Clearwire for $3.30 per share, an 11 percent increase over its $2.97 offer, and doesn't foresee needing to up its bid in acquiring a 100 percent stake in the WiMAX provider. Clearwire stock rose 8 percent on news of Dish’s offer.
The FCC is pursuing a plan to open a nationwide swath of unlicensed spectrum specifically for the deployment of "Gigabit" Wi-Fi technology in major hubs, such as airports and convention centers. The plan increases the capacity and speed of Wi-Fi networks in public spaces.