Frontier Communications reported in a Securities and Exchange Commission (SEC) 8-K filing that the wireline assets it is acquiring from Verizon in California, Texas and Florida performed well during the second quarter with revenues rising year-over-year to $1.45 billion.
CenturyLink is accepting $500 million in the second phase of the FCC's Connect America Fund (CAF-II), enabling it deliver broadband services to about 1.2 million rural households and businesses in 33 states over the next six years.
FairPoint has accepted $37.4 million in funding from Phase II of the FCC's Connect America Fund (CAF-II), enabling it to build network infrastructure that will bring 10/1 Mbps broadband services to nearly 105,000 locations in 14 states.
As service providers continue to expand and enhance their last mile networks, a new Point Topic report revealed that residential broadband pricing worldwide has dropped 9 percent in the past year.
A group of industry trade organizations and service providers, including COMPTEL, Sprint, XO and BT, have launched a campaign to encourage the FCC to drive further competition in the broadband market.
Fibertech, which is in the process of being acquired by Lightower Fiber Networks, has just been awarded a $1 million grant from the state of Delaware to expand its own network in the state while serving as an onramp to increase broadband services in rural areas.
CenturyLink, Frontier Communications and a number of other Tier 2 telcos that have struggled to bring broadband services to hard-to-reach rural areas will now have another aide with the second phase of the FCC's Connect America Fund (CAF-II), which is offering service providers about $1.7 billion in funding.
Frontier Communications has completed the first phase of its network upgrade in eastern Washington and northern Idaho as part of a broader effort to increase broadband speeds in both regions.
Citing the looming issues of over-the-top competition and Title II regulation of broadband services, top cable analyst Craig Moffett has downgraded the stocks of Comcast, Time Warner Cable and Charter Communications to neutral.
Just as it released its 2015 Broadband Progress Report, the FCC voted during its monthly meeting today to change the definition of broadband from a minimum of 4/1 Mbps to 25/3 Mbps, a move that will force incumbent telcos and cable operators to rethink how they market and deliver services to consumers and businesses.