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
    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.
    Live Streaming Video
    CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
    Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
    LRTV Huawei Video Resource Center
    Huawei ONS Product Demo

    8|3|15   |   6:01   |   (0) comments


    Huawei shows at Open Networking Summit 2015 in Santa Clara how its SDN and NFV solutions embrace openness.
    LRTV Custom TV
    End-User or Enterprise Benefits to the New IP

    7|30|15   |   04:27   |   (1) comment


    Andrew Coward discusses what the New IP means to end users or enterprise customers. He explains compelling reasons, including how every customer can get their own network, from the transformation to the New IP.
    LRTV Custom TV
    Network Visibility & the New IP

    7|30|15   |   02:23   |   (0) comments


    Mukund Srigopal provides an explanation of what network visibility is and how it is essential as service providers transition to the New IP. In addition, the importance of the network packet broker is discussed.
    Between the CEOs
    Video Exclusive With Basil Alwan, Alcatel-Lucent

    7|24|15   |   26:44   |   (5) comments


    Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
    LRTV Custom TV
    VDF: Enable the Financial With Mobile Money

    7|20|15   |   06:53   |   (0) comments


    Ian Ravenscroft discusses how operators can expand to occupy the entire digital services value chain through service innovation.
    LRTV Custom TV
    Telefónica on OSS Transformation

    7|20|15   |   06:01   |   (0) comments


    Jose Gonzales discusses the details of Telefónica's operation transformation program.
    LRTV Custom TV
    Judi Achmadi on Huawei's Cloud Storage Solution

    7|20|15   |   03:33   |   (0) comments


    Judi discusses the key business goals of TelekomSigma's public cloud service and how Huawei's solution helps them address challenges.
    LRTV Custom TV
    KPN Enlightening Digital Business & IT Transformation

    7|20|15   |   06:19   |   (0) comments


    Rob de Beer discusses the changes that operators need to make with service innovation now coming from the Internet world.
    LRTV Custom TV
    Stratus Telco-Grade Cloud Solutions & NFV

    7|20|15   |   07:34   |   (0) comments


    Ali Kafel from Stratus Technologies addresses high-availability concerns within the telco industry with a solution that enables telcos to provide high-availability and stateful fault-tolerance using a software-based approach.
    LRTV Documentaries
    The Six Million Dollar Business Man

    7|20|15   |   01:52   |   (0) comments


    Steve Saunders, publisher. A man barely alive after an acquisition malfunction imploded the company he founded. Gentlemen, we can rebuild Light Reading. Better, faster, stronger.
    Between the CEOs
    CEO Chat With Anukool Lakhina, Guavus

    7|20|15   |   38:51   |   (1) comment


    Guavus CEO Anukool Lakhina talks to Light Reading founder and CEO Steve Saunders about the role of operational analytics in the communications services and networking sectors, particularly in relation to IoT.
    LRTV Custom TV
    IBM's Flash Storage With Intel QuickAssist

    7|20|15   |   03:18   |   (0) comments


    Intel's Bev Crair and IBM's Eric Herzog discuss how IBM's V9000 Flash Storage System has helped customers around the world. Featuring real-time compression powered by Intel QuickAssist Technology, the V9000 is a next-gen flash storage solution.
    Upcoming Live Events
    September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
    September 16, 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 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
    November 5, 2015, Hilton Santa Clara, Santa Clara, CA
    November 17, 2015, Santa Clara, California
    December 1, 2015, The Westin Times Square, New York City
    All Upcoming Live Events
    Infographics
    To keep up with consumers' increasing digital lifestyles, an IT system and operating model overhaul is required using a modern BSS, IES and analytics.
    Hot Topics
    Eurobites: Nokia Seals HERE Sale
    Paul Rainford, Assistant Editor, Europe, 8/3/2015
    Verizon Small Cells Ready to Rock in Chicago
    Sarah Thomas, Editorial Operations Director, 7/31/2015
    Cable Feuds With Senate Dems Over STBs
    Alan Breznick, Cable/Video Practice Leader, 7/31/2015
    Like Us on Facebook
    Twitter Feed
    September 22, 2015
    Media Begins With “Me”
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    I was pleasantly surprised when Ericsson recently agreed to let me interview its CEO, Hans Vestberg. Traditionally, mega-companies like Ericsson (or Cisco) have kept ...
    Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
    Cats with Phones
    Comes With Free Phone Stand Click Here
    Who says cats don't have any skills?