Hawaiian Telcom has secured a $300 million term loan, a move that will enable the service provider to save $6 million in annual interest costs while paying off its existing debt.
Robert Reich, CFO of Hawaiian Telcom, told investors that providing IPTV and 25 Mbps broadband speeds will enable it to take a big chunk of market share from Oceanic Time Warner Cable.
IPTV services continued to drive business for North American telcos according to first quarter earnings results released this week.
Hawaiian Telcom saw in the first quarter that its focus on growing broadband and IPTV helped drive up Q1 2013 revenues 2 percent to $96 million.
How different are broadband subscription prices among U.S. wireline providers? With the continuing competitive challenges brought by cable operators, a key metric of choice among telcos like AT&T, CenturyLink, Verizon and other independent incumbents is in how they price their services. (Image source: iStockPhoto)
Hawaiian Telcom is now offering EPIX online video service, which will include content from Paramount Pictures and its own entertainment offering, to its IPTV customers in Oahu as another way to differentiate itself from the state's main cable operator Oceanic Time Warner Cable.
Hawaiian Telcom may not be the largest IPTV provider, but its effort to increase its service footprint paid off in Q4 and drove up its growing consumer segment 4 percent to $35 million.
Hawaiian Telcom on Monday completed its acquisition of Honolulu-based CLEC Wavecom Solutions after receiving state and federal regulatory approvals.
Hawaiian Telcom on Friday overcame a long battle with its union employees, who voted to ratify a five-year collective bargaining agreement.
Hawaiian Telcom on Wednesday announced that it has hired Scott Barber as its new Chief Operating Officer.