Altice Closes Cablevision Deal to Become Major U.S. Operator

The $17.7 billion acquisition of New York-based Cablevision Systems Corp. by European cable company Altice NV is now complete. The new company, Altice USA, will become the fourth largest broadband provider in the country with 4.6 million customers across 20 states. Cablevision will join with Suddenlink, acquired by Altice last year. “Altice has vowed to invest more in improving the infrastructure of the Cablevision and Suddenlink networks with a focus on boosting broadband speeds, improving Wi-Fi service and updating the programming guide and interface to more user-friendly designs,” reports Variety. Continue reading Altice Closes Cablevision Deal to Become Major U.S. Operator

Court Rejects Telecom Industry’s Challenges to Net Neutrality

In a 2-1 vote, the U.S. Court of Appeals for the District of Columbia Circuit has upheld the FCC’s net neutrality rules, “handing a defeat to cable and telephone companies trying to fend off tighter oversight of the consumer broadband business,” reports The Wall Street Journal. The ruling is also considered a victory for the Obama administration and companies such as Google and Netflix that see net neutrality as a defense against unfair competition from ISPs. The decision “opens the door to further pending FCC regulatory steps that cable and wireless firms have resisted,” notes WSJ. “It also sharpens a growing policy divide between Internet firms and the broadband-access industry.” Continue reading Court Rejects Telecom Industry’s Challenges to Net Neutrality

Cable and Telecom Companies Lobby Against FCC Proposals

Last month, 60 lawmakers signed a letter objecting to an FCC regulation that would open up the cable TV set-top box market. More recently, Democratic congressman Bobby Rush’s staff pushed his colleagues to sign another letter, this one opposing an FCC proposal to limit how broadband providers can share users’ personal data. These are just recent efforts by the cable industry to oppose what it sees as unfair advantages enjoyed by tech companies such as Google in the light of new FCC proposals. Continue reading Cable and Telecom Companies Lobby Against FCC Proposals

Fortune 500 Lists Apple as the Highest Tech Company in Sales

In its annual ranking of companies based on revenue, the latest Fortune 500 lists Apple third on the list, followed by Walmart and Exxon Mobil. With $233 billion in revenue, Apple is the top tech company on the Fortune 500. “Apple jumped two slots from last year, and it was also the most profitable company, with $53 billion in profits in 2015,” reports Business Insider. Amazon is listed as number 18, with $107 billion in sales, while Verizon is ranked 13th, HP 20th, Microsoft 25th, IBM 31st and Alphabet 36th. Meanwhile, Facebook jumped 85 spots to number 157, and Netflix moved from 474 to number 379. Continue reading Fortune 500 Lists Apple as the Highest Tech Company in Sales

Tony Fadell to Step Down as CEO of Alphabet’s Nest Division

Nest CEO and co-founder Tony Fadell announced he will step down from his leadership position, but will stay on as an adviser to parent company Alphabet. Fadell will be replaced by telecom vet Marwan Fawaz (formerly CTO of Adelphia Communications and Charter Communications), “amid escalating drama at Nest that sent ripples across all of Google,” suggests Recode. “Despite its internal struggles, Nest is a market leader in the connected device field.” Its ability to ship its collection of smart home products and “build out software and energy partnerships for Internet-connected devices” will be critical as it competes in this space with tech giants such as Amazon and Apple. Continue reading Tony Fadell to Step Down as CEO of Alphabet’s Nest Division

FCC Approves Charter’s Purchase of TWC and Bright House

The Federal Communications Commission has approved the proposed acquisitions of Time Warner Cable and Bright House Networks by Charter Communications. If California regulators also approve (a decision is expected by Thursday), the deals would result in the second-largest broadband provider and third-largest video provider in the U.S. The Time Warner Cable deal is valued at $56.7 billion, while the Bright House deal is valued at $10.4 billion. Thomas Rutledge, president and chief exec of Charter, said the deals would lead to increased competition, more access to affordable broadband and new jobs. Continue reading FCC Approves Charter’s Purchase of TWC and Bright House

FCC Signs Off on Altice Acquisition of Cablevision Systems

The Federal Communications Commission has approved Altice NV’s proposed $17.7 billion acquisition of Cablevision Systems Corp. As part of the deal, the European telecom group would assume Cablevision debt and invest to upgrade the company’s broadband. According to the FCC, Altice has a record of improving services after investing in broadband companies in Belgium, France, Israel, Luxembourg and Portugal. In December, the FCC approved Altice’s $9.1 billion purchase of Missouri-based cable company Suddenlink Communications. Continue reading FCC Signs Off on Altice Acquisition of Cablevision Systems

Comcast is Reportedly in Early Discussions to Purchase DWA

Reports have surfaced that Comcast is in talks to purchase DreamWorks Animation SKG for more than $3 billion. The unconfirmed deal would make the cable giant a major player in the family entertainment business, and possibly provide additional leverage for building out theme park and consumer product businesses. According to The Wall Street Journal, “One person with knowledge of the talks said that DreamWorks and Illumination Entertainment, Universal’s animation studio, would remain separate brands.” However, a deal could provide Universal with a greater presence in China, where DreamWorks chief exec Jeffrey Katzenberg has focused much of his attention. Continue reading Comcast is Reportedly in Early Discussions to Purchase DWA

FCC Spectrum Auction Begins, Transition to Take Four Years

As the airwaves are increasingly crowded by wireless data, the Federal Communications Commission devised a “broadcast incentive auction” to convince TV broadcasters to sell spectrum that would be used to expand wireless airwaves. By the end of this month, the FCC’s early round of the auction is expected to be complete, but the entire plan won’t likely be completed before 2020. By acting as middleman, the FCC stands to make billions of dollars, which will pay for the auction; the rest will go to the government. Continue reading FCC Spectrum Auction Begins, Transition to Take Four Years

Motorola Provides New Context to Comments Made at CES

During CES in Las Vegas, Motorola Mobility chief operating officer Rick Osterloh suggested that Lenovo has plans to phase out the Motorola brand. In the wake of news media and analyst confusion resulting from Osterloh’s comments, the company issued a statement to provide clarification, noting that the Motorola name or organization is not being dismantled, but is instead looking to “evolve” under parent company Lenovo. As part of that initiative, the company is looking to “streamline” its products under two brands — Moto and Vibe. Lenovo acquired Motorola Mobility from Google in 2014. Continue reading Motorola Provides New Context to Comments Made at CES

AT&T to Discuss Smart Cities Initiative and Partners at CES

AT&T plans to reveal details regarding its “smart cities” initiative during CES 2016. The company is making a major push to turn traffic lights and other city objects into new tools for reducing expenses while efficiently managing congestion and energy. Telecoms are starting to work with municipalities to leverage data collected from sensors positioned throughout cities to help drivers find parking spaces or clear driving routes, for example. According to AT&T Mobility CEO Glenn Lurie, partners in AT&T’s initiative will be introduced in Las Vegas this week. Continue reading AT&T to Discuss Smart Cities Initiative and Partners at CES

Nokia’s Revival with Alcatel-Lucent Takeover, OZO VR Camera

On November 30, Nokia introduced its OZO virtual reality camera in Los Angeles. The camera, aimed at professional content creators, features eight 2K-by-2K-resolution cameras, with lenses capable of a 195-degree field of view and spaced at the same distance as between human eyes, as well as eight microphones for 3D audio capture. Weighing 10 pounds and expected to cost $50,000, the OZO is capable of full 360-degree stereoscopic video in real time and its output is compatible with existing VR headsets

Continue reading Nokia’s Revival with Alcatel-Lucent Takeover, OZO VR Camera

Nokia Initiates Share-Exchange Offer in Alcatel-Lucent Merger

Initiating its planned merger with Alcatel-Lucent, first announced in April, Nokia began its share-exchange offer with that company’s shareholders in Paris and London. Nokia is paying €15.6 billion ($16.6 billion) for Alcatel-Lucent, with the idea that combining the two companies’ expertise in telecom and Internet gear will help it better compete in a global economy. Nokia not only faces competition from new players such as China’s Huawei Technologies but from Ericsson, which just struck an alliance with Cisco. Continue reading Nokia Initiates Share-Exchange Offer in Alcatel-Lucent Merger

Nokia Sells Mapping Unit to German Carmakers for $3 Billion

Nokia has sold its Here digital mapping unit, a global competitor to Google Maps, to German automakers Audi, BMW Group and Daimler for $3 billion. Since the sale of its mobile phone unit to Microsoft for $7.6 billion last year, Nokia has been putting efforts into its telecom network infrastructure business, which supplies carriers like AT&T and China Mobile with communication equipment. The three German auto companies will use the mapping tech for autonomous driving plans, which they will license to other companies. Continue reading Nokia Sells Mapping Unit to German Carmakers for $3 Billion

Verizon to Offer HBO Now to Broadband, Mobile Video Subs

Verizon Communications has signed a multiplatform deal with HBO that will allow the telecom to offer HBO’s standalone streaming video service to more than 100 million wireless customers in addition to non-Verizon mobile device users. Verizon will offer HBO Now on its upcoming mobile video platform (reportedly to be called Go90) and to its DSL and FiOS broadband customers for $15 a month. Verizon is the latest distributor for HBO’s OTT offering, which initially launched in early April with Apple and Cablevision Systems. Continue reading Verizon to Offer HBO Now to Broadband, Mobile Video Subs