& cplSiteName &

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.
    From The Founder
    Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    LRTV Interviews
    Masergy: Ability to Adapt Key for NFV

    1|16|17   |   6:40   |   (0) comments


    Speaking at Light Reading's 2020 Vision in Rome, Masergy's VP, Global Technology, Ray Watson, said agility is key to providing the mix and match NFV-based services that are driving business for the managed service provider today.
    LRTV Interviews
    Equinix: The Data Explosion

    1|13|17   |   4:16   |   (0) comments


    At Light Reading's 2020 Vision in Rome, Eric Schwartz, president of EMEA, Equinix, talked about how Equinix is helping its customers manage the influx of data today, and how it's preparing for a future filled with millions of connected IoT devices.
    LRTV Interviews
    Heavy Reading: The Changing Data Center Landscape

    1|12|17   |   6:05   |   (1) comment


    At Light Reading's 2020 Vision event in Rome, Heavy Reading's Senior Analyst Roz Roseboro talks about how virtualization is impacting data center evolution and how that evolution is affecting the relationship between service providers, data center operators and public cloud providers.
    LRTV Interviews
    Boingo: Prepping for Millions of Devices

    1|12|17   |   5:07   |   (1) comment


    At Light Reading's 2020 Vision in Rome, Boingo's CTO Derek Peterson discusses how wireless operators will address the needs of low-bandwidth and high-bandwidth apps at the same time, the need for more MHz, the impact of IoT and more.
    LRTV Interviews
    Comcast Shows Off Gig Gateway at CES

    1|11|17   |     |   (1) comment


    With its largest presence at CES in years, Comcast took the wraps off its long-awaited gigabit gateway and a new platform for managing the home WiFi network. Light Reading Senior Editor Mari Silbey sat down with EVP Chris Satchell to discuss the latest Comcast advance, and met with VP of Product Strategy and Development Andrea Peiro to walk through a demo of the ...
    LRTV Interviews
    Colt: End-to-End Key for 2017

    1|10|17   |   6:21   |   (0) comments


    At Light Reading's 2020 Vision Executive Summit in Rome, Nico Fischbach of Colt said having a multi-carrier, end-to-end service proposition is going to be key for 2017 -- and SD-WAN is instrumental in making it happen.
    From the Founder
    Cisco's Clemson on Mobile Cloud Video

    1|9|17   |     |   (1) comment


    Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators. "If you think about where we're going… whether it's a mobile application, or a video ...
    LRTV Custom TV
    VMware Telco NFV Solutions – Preparing for 5G & IOT

    1|9|17   |     |   (0) comments


    Shekar Ayyar, EVP & Corporate Strategy/General Manager of Telco for VMware, discusses VMware's Telco NFV solutions role and foundation for the Imminent Arrival of 5G & IOT.
    LRTV Interviews
    Heavy Reading: Big Video Set to Disrupt

    1|6|17   |   4:39   |   (0) comments


    At Light Reading's 2020 Vision Executive Summit in Rome, Heavy Reading's Adi Kishore talks about the challenges of managing and monetizing bandwidth-intensive video, and how service providers will need to transform their networks to cope with the big video explosion.
    LRTV Interviews
    Heavy Reading: IoT Set to Disrupt

    1|5|17   |   7:07   |   (0) comments


    Heavy Reading's Senior Analyst of IoT, Steve Bell, tells Light Reading how the Internet of Things (IoT) will transform service provider markets, business models and mindsets, and how virtualizing the network core and Fog networking is key to meeting the agility and flexibility demands of IoT in the future.
    LRTV Custom TV
    Ensemble SmartWAN Explained

    1|5|17   |     |   (0) comments


    Ray Le Maistre and Prayson Pate, CTO of the Ensemble division at ADVA Optical Networking, discuss the details around the recent Ensemble SmartWAN announcement from ADVA and its potential impact on the SD-WAN movement as it goes virtual.
    LRTV Interviews
    Telstra Shares Digital Dos & Don'ts

    1|4|17   |   3:21   |   (0) comments


    At Light Reading's 2020 Vision Executive Summit in Rome, Telstra's Managing Director of EMEA Tom Homer shares his insight into what makes a good partner in today's digital world.
    Upcoming Live Events
    May 15-17, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    Hot Topics
    Ericsson: 5G Heralds 'New' New Economy
    Mari Silbey, Senior Editor, Cable/Video, 1/12/2017
    5G: Another Next-Generation Disappointment?
    Iain Morris, News Editor, 1/10/2017
    CES 2017: WIC's Picks & What Made Us Sick
    Sarah Thomas, Director, Women in Comms, 1/10/2017
    IBM, FDA Look to Blockchain to Secure Health Records
    Scott Ferguson, Editor, Enterprise Cloud, 1/12/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
    Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
    Animals with Phones
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.