Charter Communications, Inc. announced that its subsidiary, CCOH Safari, LLC, has closed on the sale of $2.5 billion of senior unsecured notes due 2026. The Notes total $2.5 billion in aggregate principal amount and bear an interest rate of 5.750% per annum. Charter intends to use the net proceeds from the sale of the Notes to partially finance Charter’s previously announced transactions with Time Warner Cable Inc. and Bright House Networks, LLC.
RigNet, Inc. announced that it has signed an agreement with O3b Networks to bring high capacity, low latency connectivity to operations in the Gulf of Mexico. This agreement brings critical connectivity to the offshore market through the deployment of O3bEnergy, O3b’s high-performance service specifically designed to meet the needs of offshore and remote site energy operators. The deal will enable improvements in productivity, operating efficiencies and safety for RigNet’s customer.
NetCracker Technology announced today that Suddenlink Communications has expanded its partnership with NetCracker by engaging in a multi-year managed services program. As part of this initiative, NetCracker will deliver its CRM solution to Suddenlink via a fully hosted managed service model.
Intelsat S.A. announced that Next Step, a multi-channel operator and distributor, is leveraging Intelsat’s satellite solutions on Horizons 2 at 85º E to launch a new Free-to-Air DTH platform in Thailand. Under its multi-year agreement with Intelsat, Next Step is utilizing Ku-band capacity on Horizons 2 to diversify its business offerings — moving from content provider to platform operator through its new Freeview HD platform, a platform positioned to serve an addressable market of approximately 67 million people.
