The deal will help Atheros tap into fiber as the PON market is predicted to grow.
The Governors of three large states are urging federal regulators to approve Comcast’s planned acquisition of a controlling stake in NBC Universal for $13.75 billion. In a letter to the FCC, Governors David Paterson of New York, Arnold Schwarzenegger of California and Ed Rendell of Pennsylvania say that “the significant benefits associated with the creation [...]
Frontier (NYSE: FTR) finally cleared the last regulatory hurdle in its bid to acquire Verizon’s (NYSE: VZ) rural lines in 14 states as the FCC gave its official approval of the deal late last Friday. The FCC decided to approve the deal because Frontier had agreed to a number of commitments that included, not surprisingly, [...]
While people try hard to pretend otherwise, nobody actually knows when or if AT&T will lose their exclusive iPhone deal, resulting in the iPhone heading to other carriers. AT&T has traditionally argued that whenever that day arrives, it’s AT&T’s network reliability that will keep people around — a statement that’s borderline hysterical given the last [...]
Frontier (NYSE: FTR) now has the last state regulatory approval it needs to wrap its purchase of Verizon’s (NYSE: VZ) phone lines in 14 states as the West Va. Public Service Commission (PSC) approved the deal. West Virginia is the ninth and final state to approve the transaction, joining Arizona, California, Illinois, Nevada, Ohio, Oregon, [...]
As had been expected, West Virginia regulators have approved Verizon’s $8.5 billion sale of more than 6 million phone and DSL customers across fourteen states to Frontier Communications. West Virginia was the last state needed for approval — but approval had been hard earned due to Verizon’s neglect of infrastructure (and unions) in the state. [...]
Verizon’s impending $8.6 billion rural line sale to Frontier has one more hurdle to clear: a mandate by West Virginia’s Public Service Commission (PSC) to dedicate $72.4 million to improve the state’s wireline voice service. Along with the FCC, West Va. is the last state approval Verizon needs to wrap up the deal. The West [...]
Last week Illinois regulators (with a little personal last-minute help from Illinois Governor Pat Quinn and some Verizon talking points) approved Verizon’s $8.5 billion plan to offload millions of phone and DSL customers to Frontier Communications. The deal was approved despite protests from a state Judge and her 47-page report — highlighting very clearly how [...]
CenturyLink’s (NYSE: CTL) proposed multi-billion stock merger with Qwest (NYSE: Q) may be far from a done deal, but already some shareholders are claiming that they are being shortchanged. Two Qwest investors–Lorrieann Martin and Mark Respler–have sued Qwest claiming they are owed more money from the deal. These investors have asked a judge to block [...]
Given the company all but imploded after taking on Verizon’s DSL and landline networks in Vermont, New Hampshire and Maine, Fairpoint Communications obviously found it difficult to meet the broadband expansion conditions attached to the deal. Fairpoint will be meeting with Maine regulators next week in part to try and get an extension of the [...]