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
    From The Founder
    Against the odds, Huawei is growing its telecoms networking equipment business in the US -- that should be ringing some alarm bells for domestic vendors.
    Flash Poll
    Live Streaming Video
    CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
    Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
    Between the CEOs
    CEO Chat With Jeff Miller, ActiveVideo

    8|28|15   |   19:05   |   (0) comments


    Jeff Miller, President and CEO of ActiveVideo, talks to Light Reading founder and CEO Steve Saunders about the impact of virtualization on the TV and video distribution market.
    LRTV Huawei Video Resource Center
    Vodafone: Mobile Money Is About Customer Trust

    8|27|15   |   06.36   |   (0) comments


    Light Reading spoke with Vodafone's Ian Ravenscroft about the unique responsibilities and opportunities facing operators handling customers' financial transactions over the network.
    Telecom Innovators Video Showcase
    Palo Alto Networks on Expanding in the Carrier/Service Provider Market

    8|26|15   |   07:54   |   (0) comments


    Alfred Lee from Palo Alto Networks tells Steve Saunders about their new chassis-based system, the PA-7080, and how it can benefit service providers compared to legacy firewalls.
    LRTV Custom TV
    Global Services Forum Preview

    8|25|15   |   02:36   |   (0) comments


    Light Reading's CEO and Founder Steve Saunders talks about Huawei's upcoming Global Services Forum with the help of Heavy Reading's Patrick Donegan and Teresa Mastrangelo.
    Telecom Innovators Video Showcase
    Infoblox on DNS Threat Index

    8|19|15   |   04:39   |   (0) comments


    Dilip Pillaipakam from Infoblox talks to Steve Saunders about his company's core network services.
    Between the CEOs
    CEO Chat With Ihab Tarazi, Equinix

    8|14|15   |   20:18   |   (1) comment


    Equinix CTO Ihab Tarazi talks to Light Reading founder and CEO Steve Saunders about the dramatic changes in the data center, cloud and interconnect markets and discusses the impact of SDN and NFV in the coming years.
    Telecom Innovators Video Showcase
    The Netformx Ecosystem

    8|14|15   |   09:39   |   (1) comment


    Ittai Bareket, CEO of Netformx, talks with Steve Saunders about the Netformx Ecosystem, which employs cutting-edge prescriptive analytics to help solution providers maximize profits.
    Telecom Innovators Video Showcase
    Versa Networks on Leveraging VNFs

    8|12|15   |   07:37   |   (0) comments


    Kumar Mehta, founder and CEO of stealth mode startup Versa Networks, talks with Steve Saunders about how providers can best leverage virtualized network functions (VNFs).
    LRTV Custom TV
    Transforming the Network Through OPNFV

    8|5|15   |   7:09   |   (0) comments


    Sandra Rivera, VP Data Center Group; GM Network Platforms Group, Intel Corporation, on OPNFV Arno and how the industry is coming together to accelerate the deployment of NFV and transform the network.
    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.
    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
    December 2, 2015, The Westin Times Square, New York City
    All Upcoming Live Events
    Infographics
    Cisco's cloud and virtualization portfolio can increase business agility and innovation by building a more flexible network architecture.
    Hot Topics
    Verizon Hums a Driving Tune
    Sarah Thomas, Editorial Operations Director, 8/26/2015
    Gogo Approved to Speed Up In-Flight WiFi
    Sarah Thomas, Editorial Operations Director, 8/24/2015
    Could Market Volatility Hurt Tech IPOs?
    Dan Jones, Mobile Editor, 8/24/2015
    Sprint's Claure: '3 to 5 Years' to Turnaround
    Dan Jones, Mobile Editor, 8/25/2015
    Like Us on Facebook
    Twitter Feed
    September 22, 2015
    Media Begins With “Me”
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    Jeff Miller, President and CEO of ActiveVideo, talks to Light Reading founder and CEO Steve Saunders about the impact of virtualization on the TV and video distribution market.
    Equinix CTO Ihab Tarazi talks to Light Reading founder and CEO Steve Saunders about data center, cloud and the impact of virtualization in the coming years.
    Cats with Phones
    Cats Are a Smartphone's Best Friend Click Here
    Whoever said cats didn't live to please their humans?