Global alternative asset manager The Carlyle Group has reached an agreement to acquire an 85 per cent share of Spanish triple-play cable operator Telecable de Asturias. Liberbank will retain a minority stake after the transaction, which is expected to close by year-end. The transaction values the company at €400 million; equity for this investment will […]
US telco Verizon Communications is suing to overturn regulations governing the flow of Internet traffic. The lawsuit filed in Washington’s US Court of Appeals contends the Federal Communications Commission (FCC) overstepped its authority in setting its so-called ‘net neutrality’ rules in 2010. The regulations are scheduled to go into effect November 20. They prohibit Internet […]
Although governments are keen to reap the benefits of high-speed Internet access, they need to reform regulations to help those building networks to provide it, according to a senior Google executive. Delivering a keynote address at the Broadband World Forum in Paris, Kevin Lo, Google’s general manager of access, told delegates: “Regulation can get in […]
PCCW in Hong Kong is looking to raise as much as 10bn Hong Kong dollars ($1.3bn) in a share sale. The company said it was planning to spin off its telecom unit into a publicly traded trust. A major slice of the money raised will be used to pay off the firm’s debts. “The directors […]
Mexico’s Maxcom Telecomunicaciones is set to launch an online video and live television rental service using a technology that allows streaming with a very low broadband speed. The telco already offers phone and Internet services in Mexico, where it has around 100,000 broadband users, The service will pitch it into competition with Netflix’s recently-launched operation […]
In the battle between the telcos and cable TV industries, cable service providers are pulling ahead of telecoms service providers. According to data from TeleGeography’s GlobalComms Pay-TV research service, in Q2 2011, the number of IPTV subscribers worldwide exceeded 50 million as telcos continued striving to exploit their fixed broadband customer base to gain a […]
Ka-band – the part of the spectrum that covers the frequencies of 26.5 GHz to 40 GHz – is creating enormous opportunities for satellite operators, as well as being a crucial factor in bringing advanced triple-play content to rural areas across the world, according to Paul Scardino, VP of Corporate Sales and Marketing at Globecomm. […]
The Brazilian Senate has approved a law that allows telecommunications operators and foreign companies to provide cable TV services in the country. The measure is now awaiting the approval of President Dilma Rousseff. Under the new law, America Movil would be able to exercise the option it has to acquire control of voting rights in […]
Austrian telecom group Telekom Austria lowered its full year outlook after it reported a decline in second quarter earnings in line with estimates. The group said it now aims to reach a core profit of up to €1.55 billion and sales of around €4.5 billion. Previously it had forecast a largely flat core profit of […]
Bell Aliant has selected Sigma Systems to deploy its Telco Services Accelerator solution to simplify the provisioning and activation of triple-play bundles on its Fibre-to-the-Home (FTTH) network. The Canadian telco’s FibreOP network currently passes nearly 300,000 homes and business across a number of provinces in Canada. Sigma Systems’ Telco Services Accelerator has been combined with […]