Huawei's 2014 operating profit came in at the high end of earnings guidance provided by the company mid-January, as the equipment vendor reported a record full year net profit.
Charter Communications' proposed $10.4 billion purchase of Bright House Networks augments its position in the business services market, which is currently dominated by Comcast and Time Warner Cable. With the deal, and its associated Ethernet footprint that includes 18,000 miles of fiber, Charter increases its scale across business services in a number of key vertical industry segments, including healthcare, hospitality, government and education.
Huawei said its 2014 net profit jumped 33 percent thanks to improving sales and better management of foreign exchange rates. Although the Chinese-based company is still effectively barred from securing a network gear deal with a Tier 1 U.S. carrier because of national security concerns, Huawei's networks business abroad is booming thanks to demand for LTE equipment.
EchoStar Corp. and the Kudelski Group are taking an already congenial relationship a step farther, joining forces in the development of advanced set-top boxes and conditional access modules for an international market.
Charter Communications says its $10.4 billion purchase of Bright House Networks will help it assimilate Time Warner Cable systems acquired via the complex, three-way GreatLand Connections deal.
thePlatform, the video publishing company owned by Comcast, announced today it scored two new customers: Stan in Australia and shomi in Canada. The news underscores the growth of the subscription video-on-demand market and Comcast's solidifying position as a supplier of back-end video processing technology for new entrants into the space.
T-Mobile US likely won't have the financial backing of its parent company Deutsche Telekom in next year's incentive auction of 600 MHz broadcast TV spectrum, according to financial analysts at investment bank Macquarie.
Comcast will invest $4 billion in a new strategic investment spinoff, with Michael Angelakis stepping down from his CFO position to run it. Angelakis will invest $40 million of his personal wealth into the new venture.
The Madison Square Garden Company confirmed that it will split its regional sports networks from pro sports teams the New York Knicks and Rangers.
Could pay-TV's most truculent carriage impasse finally break open by Major League Baseball's Opening Day? TWC is reportedly "actively pursuing" a deal to expand coverage of its Dodgers channel, SportsNet LA.