The race to launch a new constellation of satellites just got a little more real as two big endeavors emerged with famous backers last week, one involving wireless-technology pioneer Qualcomm and Richard Branson, and the other with SpaceX CEO and Tesla Motors co-founder Elon Musk.
AT&T officially closed its $2.5 billion purchase of No. 3 Mexican carrier Iusacell from Grupo Salinas. AT&T named company veteran F. Thaddeus Arroyo as CEO of Iusacell following the close of the deal.
In explaining its position on the FCC's forthcoming net neutrality rules, Sprint argues that it does not matter whether the commission reclassifies broadband as a telecommunications service under Title II of the Telecommunications Act, as long as mobile broadband is given a great deal of flexibility. That is a split with CTIA and much of the telecommunications industry, which has fiercely opposed a Title II reclassification, arguing it will harm investment.
Seaborn Networks, the operator of the Seabras-1 submarine cable offering service between New York and Sao Paulo, has gained new financing from private equity firm Partners Group.
Kroenke Sports & Entertainment has announced the formation of a new division, the KSE Outdoor Group, to manage its growing cadre of outdoors-themed media assets, which include cable networks the Outdoor Channel, Sportsman Channel and World Fishing Network.
The FCC plans to vote in February on petitions filed by Chattanooga, Tenn., and Wilson, N.C., over whether they should repeal state laws that either prohibit or limit a city or town's ability to build their own broadband networks, but it's clear that the commission's stance on the proposal is anything but equal.
Charter Communications has added three executives to its government relations team, highlighted by the addition of former Cablevision operative Adam Falk as senior VP, government affairs.
Struggling mobile and electronics retailer RadioShack is negotiating a deal to sell to Sprint the leases to some of its stores. RadioShack is reportedly on the verge of filing for bankruptcy protection.
The FCC's AWS-3 spectrum auction is nearing the bitter end, with total provisional winning bids topping $44.68 billion and unlikely to go much higher. Now, attention is turning to what will happen once the auction officially closes--and how carriers will come up with the money to cover their bids.
It did not take long for the cable industry to speak out about President Barack Obama's call to overturn state laws that prohibit the buildout of municipal-run broadband networks, with the presidents of the National Cable Telecommunications Association (NCTA) and American Cable Association (ACA) issuing statements about how they think overturning such laws will cause damage.