Also today, Vodafone deposits big check, Openreach joins in UK's fiber free-for-all, Ulta DTH chooses Eutelsat Americas, Indiana coop aids rural hospital and equity firm sees profits ahead from purchase of two more rural broadband providers.
A week after a class-action seeking law firm publicized a request for investors who lost money on Casa Systems' IPO, a Raymond James analyst downgraded its rating on the vendor to "Underperform" from "Market Perform," and shares tumbled 7% Tuesday. Competitor Harmonic has a long-term deal with Comcast and, analyst Simon Leopold believes, with Casa customer Liberty Global. Both the potential suit and downgrade center on investor concerns that demand for network virtualization and software threaten Casa's core cable business. (For detailed analysis, please read: Casa Hit by Downgrade as Virtualization Threatens Its Core Cable Biz.)
Vodafone amassed NZ$3.4 billion ($2.3 billion) after finalizing the sale of its New Zealand business to a consortium consisting of infrastructure-investment firm Infratil and Brookfield Asset Management. Under terms of the acquisition, announced May 2018, the new owners will continue using the Vodafone name; while Vodafone will use these funds to help offset its recent spending on 5G and Liberty Global's European cable assets.
Follow the Money
Investment and acquisitions led today's broadband news.
UK's Openreach today announced it will build all-fiber networks in 36 new locations and has hired 2,600 of the 3,000 planned trainee technicians for 2019. The wholesale division of BT expects to reach 4 million premises by 2021, potentially covering 15 million by 2025 depending on the financial climate.
Ultra DTH of San Juan, Puerto Rico, inked an unquantified multi-year, multi-transponder deal with satellite provider Eutelsat Americas, a subsidiary of Paris-based Eutelsat Communications. The direct-to-home (DTH) operator bought capacity on the Eutelsat 65 West A satellite so it can launch a white-label DTH platform to millions of households in Caribbean and Andes regions. Partner United Territories will provide aggregation, encoding and ground infrastructure. (See Spain's Euskaltel Unveils Expansion Plans.)
Indiana coop NineStar Connect plans to pass along about $2.3 million of USDA's Rural Economic Development grants and loans to help a rural hospital. With the monies, Hancock Health will build an urgent care and diagnostic center, buy diagnostic equipment and connect to NineStar's fiber network, National Rural Cooperative Association reported today.
Equity firm GTCR, which forged management partnership Mega Broadband Investments in October 2017, signed definitive agreements on Tuesday to acquire the broadband assets of Eagle Communications of Hays, Kan., and Vyve Broadband of Shawnee, Okla. MBI and GTCR formed Rural Broadband Investments 2012. Like RBI, MBI wants to buy rural broadband assets as "part of a strategy to capitalize" on investments in bringing broadband, voice and TV services to rural residential and business customers.
In a one-on-one interview with Broadband World News, ADTRAN Chairman and CEO Tom Stanton speaks about the vendor's success with a new breed of broadband providers, today's competitive environment and, yes, Verizon and NG-PON2.
In a provocative new BBWN webinar, Broadband Success Partners' Jack Burton will delve into cable's next-gen HFC architecture plans and explain why going all-fiber may make more sense for operators right now.
Five years ago, NOS board member Manuel Ramalho Eanes helped steer the Portuguese service provider toward a future heavily reliant on smart homes and cities. It's a decision the provider is glad it made.
In this insightful Light Reading radio show, Kurt Raaflaub, Head of Strategic Solutions Marketing, will outline the key service provider challenges, deployment considerations, next-gen Gigabit technologies, and service models to win market share in the rapidly growing MDU market.
Wi-Fi is the foundation of the connected home for consumers; yet, it’s often a source of frustration. With the imminent release of the new Wi-Fi 6 standard – combined with a strong Managed Wi-Fi offer – service providers can reverse subscriber frustration while tapping into new revenue streams.
Key topics include:
What’s different about Wi-Fi 6 and why it matters to your subscribers
The importance of offering Managed Wi-Fi and its connection to Wi-Fi 6
How you can elevate your brand and gain a strong foothold in the home network.