Also today, Liberty LatAm to acquire AT&T's assets in Puerto Rico and the US Virgin Islands, another DirecTV scenario emerges, OTT's growth spurt and smart doorbells keep ringing.
Almost 60% of US farmers do not have adequate broadband to run their businesses today, according to a new report by the United Soybean Board. Farmers, ranchers and others in agriculture contributed $133 billion to the US GDP in 2017 -- but with many farmers' desire to use more data and connected-farming technologies, poor connectivity and no ability to move closer to a different (or any) provider, $80 billion in business is at risk, USB said.
Liberty Latin America (LLA) on Wednesday said it will acquire AT&T's wireline and wireless operations in Puerto Rico and the US Virgin Islands for $1.95 billion in cash. The combo of LLA's high-speed broadband and TV business (which generates about $4.6 billion) with AT&T's mobile operations (earning a bit more than $1.2 billion) will create an integrated provider across the spectrum of communications, said Balan Nair, LLA president and CEO, in a statement. Adding AT&T's businesses will help LLA increase its B2B sales, deploy 5G rapidly using its fiber for backhaul and further expand its product portfolio, he added.
Private equity firm Apollo Global Management proposes a restructuring that would spin-off DirecTV and combine it with Dish Network, then give AT&T control of the newly formed company, Fox Business reported today. AT&T COO John Stankey remains firm that DirecTV is not for sale. Both AT&T and Dish declined comment to Light Reading.
The global OTT market will expand by $77.7 billion at a CAGR of over 13% between 2019 and 2023, according to Technavio. The research firm also found the worldwide market for smart doorbells will increase by $2.63 billion in that same period; however, that's a slowdown at a CAGR of 46% between 2019-2023, Technavio predicts.
It faces an uphill climb, but Viasat is exploring a plan to build 300 low-earth orbit satellites that could deliver low-latency broadband service and qualify for the US Rural Digital Opportunities Fund.
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
Learn how and why service providers are using virtualization to transform their networks. This webinar will look at how providers are leveraging virtualization to create more flexible and agile networks while also providing a better customer experience. Expert speakers from netElastic and Heavy Reading will address the industry drivers for network virtualization, the benefits that can be realized, the challenges to face and the results of virtualization being achieved by providers today.
Key topics will include:
Current network infrastructure and the move to virtualization
Benefits and challenges of network virtualization
How providers can get started
Service provider success stories: the decision to virtualize, the solution, and results