December 29, 2014 |
The Jersey Shore's NBC40 broadcasts out of a converted Frito-Lay factory off Route 9 in Linwood, home to cerebral weatherman Dan Skeldon, sports nice guy Pete Thompson, and steady news anchor Michelle Dawn Mooney. For thousands of loyal viewers in Atlantic, Cape May, and Cumberland Counties, NBC40's 6 a.m. news is the first show they watch in the morning, and the station's hyperlocal advertisers seem as familiar as the nearest Wawa. There's Pastor David McGettigan from St. Andrews by the Sea, Doug and Linda from Beachcomber Collectibles, and Bill Kassner of the Chapman Auto Group in Egg Harbor Township.
December 2, 2011 |
In a sweeping strategic move, Comcast Corp. and other cable companies have agreed to sell cable-owned wireless spectrum to Verizon Wireless for $3.6 billion and will jointly market products. The deal seems to solve Verizon Wireless' problems related to a scarcity of wireless spectrum for future mobile-device growth and could partly solve the cable industry's issues related to a lack of wireless offerings for its customers. Wireless has been one of the holes in the product offerings at Philadelphia-based Comcast, which has a stake in wireless operator Clearwire and experimented with WIFI hot spots.
December 19, 2012 |
Comcast Corp. seems prepared to close the chapter on its ill-fated Clearwire Corp. experiment with a loss of $900 million to $1 billion. Sprint Nextel Corp. and Clearwire announced a deal Monday for Sprint to purchase the shares it does not own in Clearwire for $2.2 billion, or $2.97 a share. Some Clearwire investors have criticized the price, and Clearwire shares slumped 13.6 percent, 46 cents a share, to close at $2.91. But Erik E. Prusch, Clearwire's president and chief executive officer, said in a conference call with analysts Monday that Comcast and two other strategic investors, Bright House and Intel Corp., supported the Sprint deal.
January 25, 2012 |
Those opposed to Verizon Wireless' deal to purchase wireless spectrum from Comcast Corp., Time Warner Cable, and Bright House Networks for $3.6 billion must file objections with the Federal Communications Commission by Feb. 21. The deal includes separate commercial agreements in which Verizon Wireless and the cable companies will jointly market bundles of telecommunications services and develop new products. Comcast and Verizon Wireless, whose majority owner is Verizon Communications Inc., launched the marketing partnership on Jan. 17 in Seattle and Portland, Ore., and they are expected to expand it nationwide this year.
January 24, 2014 |
Comcast Corp. and Verizon Communications Inc. have dissolved a highly touted joint venture to develop next-generation products in Philadelphia, officials from both companies confirmed Wednesday. The joint venture had been part of Comcast's sale of wireless spectrum to Verizon Wireless for $2.3 billion in December 2011 and was viewed as an indication of warming relations between the telecommunications giants. The venture developed at least one hardware product that involved streaming content onto TVs. The product, reportedly branded Nuon, will remain with Verizon, according to officials close to the deal who were not authorized to discuss it. "Anything we worked on at that time was confidential," Verizon spokesman Alberto Canal said Wednesday.
February 23, 2012 |
NEW YORK - T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon's planned purchase of spectrum from cable companies for $3.9 billion. In a filing late Tuesday, T-Mobile USA said the Federal Communications Commission should stop the deal among Verizon Wireless, Comcast Corp., Time Warner Cable Inc., Bright House Networks, and Cox Communications because it would place an "excessive concentration" of wireless spectrum in Verizon's hands.
March 22, 2012 |
WASHINGTON - A $3.6 billion deal to sell wireless spectrum and related joint-marketing agreements between cable companies, including Comcast Corp. and Verizon Wireless, faced criticism in a Senate Judiciary antitrust hearing Wednesday that they would hurt consumers and amounted to a truce between the telecom giants. "It's like you agreed to throw in the towel and stop competing with each other," Sen. Al Franken (D., Minn.), a frequent Comcast critic, said in the hearing. Steven K. Berry, president and chief executive of the Rural Cellular Association, whose members include Sprint, T-Mobile, and Cricket, said: "This is effectively a non-compete agreement.
April 29, 2012 |
Years after Verizon Communications Inc. wired the suburbs of Boston, Buffalo, and Baltimore with superfast Internet, more than one million residents in the poorer urban neighborhoods of those metro areas are still waiting for FiOS. Ditto, according to a union representing Verizon workers, for Syracuse, Albany, Erie, Scranton, and other Northeast cities. No FiOS. City officials didn't think that would last. They believed — hoped — that Verizon would get around to them to compete head to head with the cable companies.
October 28, 1999 |
Triton PCS Inc., a wireless telecommunications firm in Malvern that was founded by the entrepreneur who launched Metrophone, said its stock would begin trading over the Nasdaq exchange today. In August, the company registered with the Securities and Exchange Commission to become a public company. Triton spokeswoman Christine Davies said the company was hoping to raise $180 million from its initial public offering. The money, she added, will fund further construction of the company's digital network, which offers service throughout the Southeast in cities such as Richmond, Va., Myrtle Beach, S.C., and Augusta, Ga. The opening price will be $18 a share, the company said.
October 29, 1999 |
In their first day of trading yesterday, shares of Triton PCS Inc. more than doubled in price, opening at $18 and closing at $37 on the Nasdaq exchange. The Malvern company sells digital wireless phone service throughout the Southeast. It is affiliated with AT&T Corp., which transferred some of its wireless spectrum to Triton two years ago in exchange for an equity stake in the company. "It's a very exciting day for the company," Triton chief executive officer Michael Kalogris said.