Light Reading

Knology Surges on M&A Speculation

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
2/29/2012
50%
50%

Welcome to the cable news roundup, Leap Day edition.

  • Knology Inc. (Nasdaq: KNOL) shares jumped US$1.66 (10.5 percent) to $17.47 Tuesday amid speculation that the competitive cable overbuilder is on the block and could fetch about $1.5 billion, according to the Wall Street Journal. Private equity firms are among those that are sniffing around, the paper said. Knology had a decent 2011, pulling in a profit of $43.1 million, up 115 percent, on revenues of $518.6 million, up 12.7 percent year-on-year. The M&A chatter comes amid continuing consolidation of Tier 2 cable providers, including pending purchases of Insight Communications Co. Inc. by Time Warner Cable Inc. (NYSE: TWC), and SureWest Communications (Nasdaq: SURW) by Consolidated Communications Inc. (See Consolidated to Buy SureWest for $340.9M and TW Cable's $3B Insight Buy Gets FCC OK.)

  • Dutch MSO Ziggo B.V. filed for an initial public offering Wednesday, looking to list shares on the Amsterdam exchange and raise more than $1.3 billion, according to Bloomberg. Ziggo's going public amid rumors that Liberty Global Inc. (Nasdaq: LBTY)'s has shown interest in the cable operator, which ended 2011 with about 3 million video subscribers.

  • Comcast Corp. (Nasdaq: CMCSA, CMCSK) CFO and Vice Chairman Michael Angelakis reaffirmed at a Morgan Stanley investor conference Tuesday that the MSO has no plans to deploy a usage-based broadband policy such as the optional one TW Cable has put in place in southern Texas. "We have a very high customer satisfaction rating and we don't really want to rock the boat on that product," he said. Comcast does have an "excessive use" policy for residential broadband that caps monthly consumption at 250GB. (See Usage-Based Broadband Returns to TW Cable and Comcast Draws the Line at 250GB.)

  • The Senate Antitrust Subcommittee has scheduled a hearing on Verizon Wireless 's proposed deal to purchase Advanced Wireless Services (AWS) spectrum from four cable operators for March 21, reports Multichannel News. (See Cable-VZ Wireless Deals to Face Senate Grilling .)

  • Fewer than 1 million Google TV devices are in use, says NewTeeVee, basing that estimate on the current active install base for the TV and Movies app, which comes pre-installed and serves as the Android-based device's core programming guide.

  • thePlatform Inc. , the Comcast-owned media publishing firm, has notched a deal to handle the TV Everywhere management needs of A&E Networks, which runs A&E, The History Channel, Lifetime Networks and The Biography Channel.

    — Jeff Baumgartner, Site Editor, Light Reading Cable



    (3)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Jeff Baumgartner
    50%
    50%
    Jeff Baumgartner,
    User Rank: Light Beer
    12/5/2012 | 5:41:05 PM
    re: Knology Surges on M&A Speculation


    Speaking of M&A, TW Cable closed it's purchase of Insight Communications Wed. at high noon. JB

    Jeff Baumgartner
    50%
    50%
    Jeff Baumgartner,
    User Rank: Light Beer
    12/5/2012 | 5:41:04 PM
    re: Knology Surges on M&A Speculation
    Kit digital was the supposed suitor but theplatform squashed that one right away.
    msilbey
    50%
    50%
    msilbey,
    User Rank: Blogger
    12/5/2012 | 5:41:04 PM
    re: Knology Surges on M&A Speculation
    About Comcast selling off thePlatform? Doesn't look like that amounted to much.
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    Flash Poll
    From The Founder
    Network architects aiming to upgrade their networks to support agile, open, virtualized services in the 21st century need to consider new criteria when choosing between technology suppliers.
    Live Streaming Video
    CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
    Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
    Wagner’s Ring
    Business Value Trumps Moving Bits for Virtual Networks

    7|7|15   |   01:22   |   (0) comments


    At the recent Open Networking Summit, carriers described how they're focused on increasing revenue rather than just improving technology. This requires cultural changes, which can be more difficult than technology changes.
    LRTV Custom TV
    VeEX: Live from the Big Telecom Event 2015

    7|7|15   |   2:28   |   (0) comments


    VeEX's Carl Goldschmidt provides new product updates, including the RXT modular test platform and TX300s. With the latest technology in pluggable physical interfaces, the RXT platform combines multiple technologies with testing range from 10 Mbit/s to 100 Gbit/s. The TX300s is an "All-in-one" advanced multi-service test platform from 64 Kbit/s to 100 Gbit/s that ...
    LRTV Custom TV
    Light Reading Interviews MRV: 2015 Big Telecom Event

    7|7|15   |   3:45   |   (0) comments


    Scott St. John, SVP of Global Sales & Service, discusses MRV's customer-centric culture, the new OptiPacket OP-X1 100G access platform, and recent customer wins with Light Reading at BTE 2015.
    LRTV Custom TV
    Procera: Enhancing the Subscriber Experience

    7|7|15   |   4:53   |   (0) comments


    Hear from Procera on the latest in Subscriber Experience solutions. Learn how Procera's RAN Perspective technology helps network operators monitor and manage network traffic, in real-time, solving congestion and other network issues.
    Between the CEOs
    HP's Prodip Sen: The NFV Journey

    7|7|15   |   21:39   |   (1) comment


    Prodip Sen, CTO of the Network Functions Virtualization (NFV) business unit at HP, talks to Light Reading founder and CEO Steve Saunders about the four stages of the NFV journey.
    LRTV Documentaries
    Leading Lights 2015 Winners' Video

    7|7|15   |   08:34   |   (2) comments


    Hear what the Leading Lights 2015 winners had to say after they picked up their awards in Chicago.
    LRTV Documentaries
    PSA: The Perils of a Hyper-Connected Society

    7|6|15   |   1:38   |   (0) comments


    A public service announcement calling attention to the perils of a hyper-connected society.
    LRTV Interviews
    Guavus Takes Analytics on the Road

    7|6|15   |   4:09   |   (4) comments


    Guavus CEO Anukool Lakhina tells Light Reading CEO and founder Steve Saunders how the analytics tools developed for telcos are applicable to the transportation industry.
    Telecom Innovators Video Showcase
    Mellanox's New 25/50/100Gb/s Ethernet Products

    7|6|15   |   2:44   |   (0) comments


    Mellanox offers a complete 10/25/40/50/56/100Gbit/s solution that delivers industry-leading performance, scalability, reliability and efficiency for optimal application performance and data center ROI.
    Telecom Innovators Video Showcase
    Arista's CloudVision

    7|6|15   |   6:01   |   (0) comments


    Anshul Sadana answers questions from Steve Saunders, Light Reading’s founder and CEO, about Arista’s CloudVision, a global cloud network controller for workload orchestration and workflow automation delivering a turnkey solution for cloud networking.
    LRTV Custom TV
    Red Hat Demo

    7|2|15   |   10:53   |   (0) comments


    Red Hat's Nicolas Lemieux demonstrates how Red Hat is driving innovation through open source communities.
    LRTV Custom TV
    Red Hat's Approach to OpenStack Adoption

    7|2|15   |   5:17   |   (0) comments


    Red Hat's Radhesh Balakrishnan outlines his company's open source strategy for both enterprises and telcos.
    Upcoming Live Events
    September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
    September 16, 2015, The Westin Galleria Dallas, Dallas, TX
    September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
    October 6, 2015, The Westin Peachtree Plaza, Atlanta, GA
    October 6, 2015, Westin Peachtree Plaza, Atlanta, GA
    October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
    November 5, 2015, Hilton Santa Clara, Santa Clara, CA
    All Upcoming Live Events
    Infographics
    Equinix walks through the past four digital economy eras from computing to network to connected to today's interconneted world.
    Hot Topics
    What's a Gigabit Good For?
    Carol Wilson, Editor-at-large, 7/1/2015
    IBM Sows Seed for New Telco Unit, Plans NFV/SDN Push
    Ray Le Maistre, Editor-in-chief, 7/6/2015
    What the Helio? MVNO Is Back After First Flop
    Sarah Thomas, Editorial Operations Director, 7/6/2015
    FCC Chairman Talks Up SDN/NFV
    Mari Silbey, Senior Editor, Cable/Video, 7/2/2015
    A&E Launches Lifetime OTT Service
    Alan Breznick, Cable/Video Practice Leader, 7/3/2015
    Like Us on Facebook
    Twitter Feed
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    Prodip Sen, CTO of the Network Functions Virtualization (NFV) business unit at HP, talks to Light Reading founder and CEO Steve Saunders about the four stages of the NFV journey.
    Casa Systems has been going from strength to strength over the last couple of years. In 2013, it became the first vendor to ship an integrated CCAP device -- the ...
    Cats with Phones