& cplSiteName &

Mediacom Revs Up for Gig Upgrade

Alan Breznick

Although it usually travels under the radar, Mediacom Communications is preparing to join the other big US cable operators in offering gigabit speeds to its subscribers as its broadband business continues to grow.

Mediacom Communications Corp. , which is now the fifth-largest US MSO with 1.3 million customers thanks mainly to recent industry consolidation, plans to start rolling out 1-Gig service in its first markets this fall. As part of its $1 billion capital upgrade plan and "Project Gigabit" initiative announced earlier this year, the cable operator intends to deploy 1-Gig to virtually all of the 3 million homes and businesses passed in the 1,500 communities of its 22-state footprint. (See Mediacom Unveils $1 Billion Capital Upgrade Plan.)

With that rollout, Mediacom will join such other major cable players as Comcast Corp. (Nasdaq: CMCSA, CMCSK), Cox Communications Inc. and Altice 's new Altice USA unit in offering gigabit service. Of the five biggest US MSOs, only Charter Communications Inc. has not yet either launched gigabit service or announced plans to do so.

Mediacom now offers download speeds as high as 150 Mbit/s under its UltraPlus broadband package, which also promises top upload speeds of 20 Mbit/s. So the coming upgrade to 1Gbit/s download speeds will represent a huge improvement over the provider's current offerings.

The 1-Gig rollout plans come as Mediacom continues to increase its broadband subscriber count steadily while its video customer numbers continue to slowly decline. In its second-quarter results reported earlier this week, for example, the MSO added 14,000 high-speed data subs while shedding 11,000 video subs. As a result, it now has more than 1.1 million broadband customers and 842,000 video customers, a fairly wide spread.

In both cases, Mediacom improved upon its operating performance from last spring, when it gained 10,000 broadband subs and lost 12,000 video subs. Largely as a result, its revenue rose to $450.8 million, up 4.4% from a year ago, and its operating income before depreciation and amortization (OIDBA) climbed to $172.7 million, up 4.0% from the year earlier.

— Alan Breznick, Cable/Video Practice Leader, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
Flash Poll
Upcoming Live Events
February 26-28, 2018, Santa Clara Convention Center, CA
March 20-22, 2018, Denver Marriott Tech Center
April 4, 2018, The Westin Dallas Downtown, Dallas
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
Hot Topics
Project AirGig Goes Down to Georgia
Dan Jones, Mobile Editor, 12/13/2017
Here's Pai in Your Eye
Alan Breznick, Cable/Video Practice Leader, Light Reading, 12/11/2017
Verizon's New Fios TV Is No More
Mari Silbey, Senior Editor, Cable/Video, 12/12/2017
Ericsson & Samsung to Supply Verizon With Fixed 5G Gear
Dan Jones, Mobile Editor, 12/11/2017
Juniper Turns Contrail Into a Platform for Multicloud
Craig Matsumoto, Editor-in-Chief, Light Reading, 12/12/2017
Animals with Phones
Don't Fall Asleep on the Job! Click Here
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed