South Korea Wants 1Gig for All

Elsewhere: DirecTV adds 289,000 subscribers, Netflix cuts CBS deal, while Knology expands in Alabama and Georgia

February 23, 2011

1 Min Read
South Korea Wants 1Gig for All

South Korea's move to test Internet connections that provide speeds 200 times faster than most U.S. broadband services leads today's cable news roundup.

  • Google (Nasdaq: GOOG) may have something big in mind with its coming trials of 1Gbit/s speeds over fiber, but South Korea has much, much bigger ideas in mind with a project that envisions connecting every home in the country to 1Gig Internet links by the end of 2012. An initial government-led pilot project has about 1,500 homes wired up with those speeds, with customers paying less than US$27 each. (See Google Delays Fiber Picks and Googlemania!.)

  • DirecTV Group Inc. (NYSE: DTV) shares jumped about 3 percent this morning on news that it added 289,000 subscribers during the fourth quarter -- its best performance in a decade.

  • Challenging DirecTV's 3-D play, Comcast Corp. (Nasdaq: CMCSA, CMCSK) flipped the switch today on Xfinity 3D. (See Comcast Tunes Up 3DTV.)

  • A day after Inc. (Nasdaq: AMZN) challenged Netflix Inc. (Nasdaq: NFLX)'s Web video streaming business, Netflix returned fire by cutting a reported $200 million deal that gives it rights to stream Frasier, Star Trek and other CBS Corp. (NYSE: CBS) properties. (See Amazon Fires Shot at Netflix's Bow .)

  • Competitive cable overbuilder Knology Inc. (Nasdaq: KNOL) picked up some small systems in Alabama and Georgia with its $30 million acquisition of Cobridge Broadband. (See Knology Reports Q4.)

    — Steve Donohue, Special to Light Reading Cable

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