Light Reading

Sandy-Related Repair Costs Could Reach $600M

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
11/2/2012
50%
50%
Repost This

Welcome to the broadband and cable news roundup, T.G.I.F. edition.

  • Superstorm Sandy could end up costing network operators $550 million to $600 million in clean-up and repair costs, reports Reuters, citing an estimate from Barclays Capital analyst James Ratcliffe that factored in the anticipated financial impact at Cablevision Systems Corp. (NYSE: CVC), Verizon Communications Inc. (NYSE: VZ), Time Warner Cable Inc. (NYSE: TWC), AT&T Inc. (NYSE: T) and Sprint Corp. (NYSE: S). He said that Cablevision will have "the biggest impact relative to its size."

    Individual service providers have yet to reveal anticipated Sandy-related costs, but more details about the financial impact of the storm could emerge next week, when Cablevision and TW Cable report third-quarter earnings. Verizon, meanwhile, said it's too early to estimate the financial impact from the storm, but did note in an 8-K filing Friday that Sandy will have a "significant" effect on the company's fourth-quarter operating results. (See Service Providers Still Fighting in Sandy's Aftermath.)

  • Service providers are working round the clock to get services restored, but access to power appears to be the long pole in the tent. Cablevision, for example, reported that about half its customers were without power as of Thursday morning. Verizon spokesman Bill Kula confirmed that the company expects to have services back up "in the hardest impacted zones ranging from a few days to up to two weeks." The latter timeframe is the "worst case scenario based on the restoration of commercial power," he added. In the meantime, Verizon, which hasn't said how many customers have been affected by the storm, has hundreds of central offices operating on backup generators. "The broader story is that we're making steady progress daily," Kula said.

  • Boxee is priming the pump for its new $99 broadband-connected device with a set of introductory offers, including three months of Netflix Inc. (Nasdaq: NFLX), three months of its cloud-based No Limits DVR (normally $14.99 per month), a $5.99 credit from Vudu, and a free month of Spotify Premium. The Boxee TV device, which blends OTT video and apps with over-the-air TV, went on sale Thursday at Walmart stores, Walmart.com and at Boxee.tv. Boxee is also working on deals that will bring authenticated TV Everywhere content to its new platform. (See Boxee CEO Now a Friend of Big Cable?)

  • Over-the-top video revenues will surge from an expected $8.2 billion this year to more than $32 billion by 2017, predicts ABI Research . Subscription services such as Netflix have dominated the OTT market of late, but the firm expects OTT rentals to supplant subscription revenues by 2014.

  • Sales of set-top boxes with Multimedia over Coax Alliance (MoCA) on board rose 33 percent in the first half of 2012 compared to the same period in 2011, says Infonetics Research Inc. , noting that it expects MoCA to become the de facto wired technology for video distribution to devices in the home.

    — Jeff Baumgartner, Site Editor, Light Reading Cable



    (3)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View
    Jeff Baumgartner
    50%
    50%
    Jeff Baumgartner,
    User Rank: Light Beer
    12/5/2012 | 5:18:14 PM
    re: Sandy-Related Repair Costs Could Reach $600M


    Cablevision on Friday said customers will get credit for any full or partial day during which Optimum services were down, including any disruption brought on by power outage. Customers can also exchange set-tops and other equipment  damaged by the storm at no cost. More detail here. JB


     

     

    Jeff Baumgartner
    50%
    50%
    Jeff Baumgartner,
    User Rank: Light Beer
    12/5/2012 | 5:18:11 PM
    re: Sandy-Related Repair Costs Could Reach $600M


    Cox provided an update on its recovery from the storm as of Friday afternoon (Nov. 2):  


    - Back to business as usual in Virginia and Connecticut


    - 98% of customers have working service in Rhode Island (versus 87 percent the morning of Oct. 31)


    - More than 90 percent have working service in Clevelend  (up from 70 percent as of the morning of Oct. 31).  


    The remainder in R.I. and Cleveland have a power or network issue "and we will continue to work closely with power companies until all service is restored," Cox spokesman Todd Smith said via e-mail. JB


     

    vz 29.5
    50%
    50%
    vz 29.5,
    User Rank: Light Beer
    12/5/2012 | 5:18:10 PM
    re: Sandy-Related Repair Costs Could Reach $600M


    When 140 West street is neckdeep in h20 we know even the execs.are paddlin'with craft and our faithful National Guard.A Malibu son.

    Flash Poll
    LRTV Custom TV
    Wind River Demonstrates Carrier-Grade Software for NFV

    4|22|14   |   5:00   |   (0) comments


    Wind River VP of Product Management, Glenn Seiler, takes a look the industry's first and only complete NFV software platform designed specifically for the unique carrier-grade and high-performance needs of telecom networks.
    LRTV Documentaries
    Cable Eyes Big Technology Shifts

    4|16|14   |   03:02   |   (4) comments


    US cable engineers are facing a lot of heavy lifting in the coming years, notes Light Reading Cable/Video Practice Leader Alan Breznick.
    LRTV Custom TV
    Maximizing Customer Experience & Assuring Service Delivery in an IP World

    4|15|14   |   4:57   |   (0) comments


    Steven Shalita, VP of Marketing, NetScout Systems, Inc., discusses the challenges cable/MSO operators face in assuring the delivery of new IP-based services. Key points include the value of proactively managing performance, and using rich analytics and operational intelligence to better understand service and usage trends, make smarter business decisions and ...
    LRTV Documentaries
    Bye-Bye DVD: Consumers Embrace Digital Video

    4|10|14   |   04:17   |   (7) comments


    Veteran video analyst Colin Dixon, founder and principal analyst of nScreenMedia, says research shows 56% are using digital video already.
    LRTV Documentaries
    Video: TW Cable Puts Multicast Gateways to the Test

    4|8|14   |   04:13   |   (1) comment


    Tom Gonder, a chief architect at Time Warner Cable, explains how its trial of multicast gateways is impacting IP-based video plans.
    LRTV Custom TV
    Managing & Monetizing Big Data in Operator Environments

    4|7|14   |     |   (1) comment


    At Mobile World Congress, Gigamon's Director of Service Provider Solutions, Andy Huckridge, and Heavy Reading Analyst Sarah Wallace discuss the 'big data' issues facing carriers and operators today.
    LRTV Huawei Video Resource Center
    Data Center Energy – Build Your Data Center in a Modular Way

    4|7|14   |   2:13   |   (0) comments


    Dr. Fang Liangzhou, VP Network Energy Product Line, shared his thoughts about the challenges for data centers during CeBIT 2014.
    LRTV Huawei Video Resource Center
    Agile Network Solution – An Overview of Huawei's Agile Network Solution

    4|7|14   |   2:31   |   (0) comments


    Ajay Gupta, Director of Product Marketing, Networking Product Line, gives an overview of the Agile Network Solutions during CeBIT 2014.
    LRTV Huawei Video Resource Center
    Huawei’s eLTE Voice Trunking, Video and Data Applied for Railways

    4|7|14   |   1:38   |   (0) comments


    Gottfried Winter is the Sales Director at Funkwerk, a German specialist in GSM-r terminals and a long-time partner of Huawei. At CeBIT 2014, Winter talks to Light Reading about this partnership and the integration of enhanced voice trunking, video and data functions.
    LRTV Huawei Video Resource Center
    LeaseWeb Speaks Highly of Huawei's Datacenter Products

    4|7|14   |   1:37   |   (0) comments


    Rene Olde Olthof, Operations Director LeaseWeb, talks about the next data center transformation during CeBIT 2014.
    LRTV Documentaries
    Comcast: Reshaping the Cable Network Architecture

    4|3|14   |   07:11   |   (8) comments


    Shamim Akhtar, Comcast's architect and senior director of network strategy, explains why the cable company is moving to a more distributed network architecture.
    LRTV Custom TV
    VMware CEO Pat Gelsinger at Mobile World Congress

    4|1|14   |   3:41   |   (0) comments


    VMware CEO Pat Gelsinger speaks to Heavy Reading about the value of virtualization spanning from the data center to service provider networks to mobile devices.
    Hot Topics
    WhatsApp Threatens Carrier VoLTE
    Sarah Reedy, Senior Editor, 4/18/2014
    The Hungry, Hungry Cloud
    Dan Jones, Mobile Editor, 4/22/2014
    Who's Ready to Play Broadband?
    Carol Wilson, Editor-at-large, 4/21/2014
    Volvo: AT&T HSPA+ Can Drive My Car
    Sarah Reedy, Senior Editor, 4/16/2014
    Report: NFV/SDN Standards 'Myopic' on Service Management
    Carol Wilson, Editor-at-large, 4/16/2014
    Like Us on Facebook
    Twitter Feed