Vyyo Lands Cox & $25 Million in Equity

Vyyo Lands Cox & $25 Million in Equity

Alan Breznick, Cable/Video Practice Leader, Light Reading

March 22, 2006

1 Min Read
Vyyo Lands Cox & $25 Million in Equity

Vyyo Inc. appears to be on a roll this week. Vyyo, which provides cable operators with wireless broadband and T-1 solutions, unveiled a small deployment deal with Cox Communications Mon. Under the nearly $500,000 pact, the tech vendor is supplying select Cox systems with T-1 products. Vyyo also said Cox will likely integrate the vendor's 3GHz passive devices in the MSO's next-generation network architectural design. In addition, Vyyo announced $25 million in fresh equity and debt financing from Goldman, Sachs & Co. on Mon. The vendor said it will use the funds to expand its business in rural parts of the U.S. Finally, Vyyo said its wireless broadband service for Teton Wireless has now signed up 8,000 high-speed data subscribers in Idaho and Montana. Teton offers the servce to rural communities throughout the Mountain states.

About the Author(s)

Alan Breznick

Cable/Video Practice Leader, Light Reading

Alan Breznick is a business editor and research analyst who has tracked the cable, broadband and video markets like an over-bred bloodhound for more than 20 years.

As a senior analyst at Light Reading's research arm, Heavy Reading, for six years, Alan authored numerous reports, columns, white papers and case studies, moderated dozens of webinars, and organized and hosted more than 15 -- count 'em --regional conferences on cable, broadband and IPTV technology topics. And all this while maintaining a summer job as an ostrich wrangler.

Before that, he was the founding editor of Light Reading Cable, transforming a monthly newsletter into a daily website. Prior to joining Light Reading, Alan was a broadband analyst for Kinetic Strategies and a contributing analyst for One Touch Intelligence.

He is based in the Toronto area, though is New York born and bred. Just ask, and he will take you on a power-walking tour of Manhattan, pointing out the tourist hotspots and the places that make up his personal timeline: The bench where he smoked his first pipe; the alley where he won his first fist fight. That kind of thing.

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