TW Cable to Double Down on Wi-Fi in 2013
TW Cable's coming expansion is of course good news for its Wi-Fi suppliers. Cisco Systems Inc. and Ruckus Wireless Inc. are its primary vendors for that, but TW Cable also buys some Wi-Fi gear from Ericsson AB, too, an MSO spokesman said. Financial snapshot
TW Cable posted net income of $513 million ($1.68 per share) on revenues of $5.49 billion, up 10 percent. Analysts were expecting $1.55 per share and revenues of $5.5 billion. Video was again a trouble spot. The operator lost 126,000 residential basic video subs, slightly better than the 132,000 that analysts were expecting the company to lose. Still, the losses in the period were "just not acceptable," Marcus said. The losses continued as TW Cable prepares to launch a next-gen, IP-capable video platform in the second half of the year that will feature a cloud-based guide and a gateway with six tuners, a terabyte of storage and transcoding capabilities that will enable it to stream video to iPads, cheap IP client boxes and other devices within reach of the customer's home network. The new guide is already in front of about 200,000 customers in a couple of markets, Marcus said. High-speed Internet adds, usually a big strength, were 75,000, below the more than 100,000 expected, while the 34,000 voice adds were in-line.
— Jeff Baumgartner, Site Editor, Light Reading Cable