Skyfire Labs, a mobile video optimization company, has raised $8 million in Series C financing, and even though Verizon Investments participated in the round, the company views that as a plus, not a minus, when it comes to getting business with other Tier 1 carriers in North America. Verizon Investments is a subsidiary of Verizon […]
Telecommunications
Apple stock rides iPhone, iPad to record high
Shares of Apple soared to a record $457 in after-market trading as the company blew past expectations for its fiscal year 2012 first quarter. The company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. The numbers, which compare to year-ago revenue of $26.74 billion and net […]
Verizon swings to loss on pension costs
Strong sales of the iPhone weren’t enough to keep Verizon Communications in the black during the fourth quarter. Growth with FiOS was respectable, but with Verizon’s wireline business having long ago taken a back seat to its wireless operations, it had minimal effect on quarterly results. The telecommunications giant said today it lost $2.02 billion, […]
Dish pitches revised LTE plan
Dish Network pitched a revised plan for its yet-unapproved mobile broadband network to FCC officials last week, according to ex parte documents posted Monday to the agency’s website. The satellite television company is pushing the FCC to grant it a waiver for land-based mobile broadband service in spectrum currently restricted to satellite use, similar to […]
BendBroadband names Holmes new VP of technology
BendBroadband has appointed Wade Holmes as its new vice president of technology after Holmes served in that role on an interim basis since September. Prior to Holmes’ stint as acting vice president of technology, former BendBroadband chief technology officer Frank Miller left the company to become CTO of Huawei. Holmes now takes over all of […]
Clearwire posts rosy Q4 sales
Clearwire released preliminary fourth-quarter results today indicating that attempts to reinvigorate its business showed some results last quarter. The struggling WiMAX operator managed to double its sales, which soared to an estimated $362 million from $181 million during the same period the previous year. The number beat estimates from analysts polled by Thomson Reuters, who […]
Azuki offers to manage multi-screen services
Azuki Systems is introducing a managed multi-screen service it claims it can have up and running for any cable operator in just two days. Azuki Systems has a content delivery platform that gained traction with programmers; HBO is using it for HBO Go, and Showtime recently followed suit. The company is now trying to leverage […]
Amino picks Celeno’s Wi-Fi platform for IPTV STBs
Amino Communications has selected Celeno Communications’ Wi-Fi solutions for use in its IPTV set-top boxes. Celeno’s OptimizAir Wi-Fi chipsets will be used worldwide by Amino to help distribute IPTV and over-the-top (OTT) services throughout homes via Wi-Fi home networking applications. With the deal in hand, Celeno is now a preferred technology partner for Amino. Financial […]
AT&T seeks approval for spectrum transfer
AT&T has officially submitted to the FCC a request for approval to transfer $1 billion worth of spectrum to T-Mobile USA. The transfer is part of AT&T’s agreement in its failed $39 billion bid to acquire T-Mobile. AT&T is also required to pay T-Mobile $3 billion in cash for the failed deal. Tom Sugrue, T-Mobile’s […]
In the media: Knology negotiating to pick up 1,000 subs in Fla.
Knology is working on acquiring 1,000 video subscribers from the city of Springfield, Fla. According to The News Herald, the city of Springfield would make about $3.1 million in infrastructure upgrades before transferring its cable system over to Knology. If a deal is completed, the city would get about 33 percent of Knology’s gross revenue […]