All Telecom News
Top stories summarized by our editors
7/19/2018

Discovery has extended CEO David Zaslav's contract for five years, keeping him on board through at least 2023. Zaslav, who has been with the company since 2007, was a driving force in Discovery's acquisition of Scripps Networks Interactive and Eurosport.

Full Story:
Multichannel News
7/19/2018

The Federal Communications Commission has voted unanimously in favor of having a judge review Sinclair Broadcast Group's proposed acquisition of Tribune Media, a move that could block the deal. Before the vote, Newsmax CEO Christopher Ruddy confirmed that he expressed his opposition to the deal to President Donald Trump.

7/19/2018

Private-equity firm Silver Lake has offered to invest around $500 million in iHeartMedia, sources say. The proposed deal, which would be in convertible preferred shares, has reportedly not been accepted by iHeartMedia.

More Summaries:
Silver Lake, Silver Lake, iHeartMedia
7/19/2018

Comcast says it is stepping away from its bidding war with Disney over 21st Century Fox assets to focus instead on acquiring UK pay-TV provider Sky, with CEO Brian Roberts saying, "I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company." Fox has agreed to a $71.3 billion purchase by Disney.

Full Story:
Variety
7/19/2018

The average Comcast Xfinity Mobile customer is 49.2 years old -- older than the customer bases of rivals Verizon, Sprint, AT&T and T-Mobile, a survey has found. The survey also showed that Xfinity Mobile's average customer subscribes to one over-the-top service and that 10% of Xfinity Mobile customers are considering eliminating their pay-TV subscriptions.

Full Story:
FierceWireless
7/19/2018

The Justice Department in a court filing Wednesday pushed for an expedited appeal of the court's ruling on AT&T's planned acquisition of Time Warner. The DOJ requests that briefs be completed by mid-October, with oral arguments to come "as soon as practicable."

More Summaries:
Time Warner, DOJ, AT&T, Justice Department
7/19/2018

Cable and satellite operators are exploring and engaging in internet of things opportunities despite challenges such as a lack of spectrum and licensed wireless networks, per a GlobalData report. "It is still early days for these alternative IoT providers, but it looks like they will ultimately be able to partake in what we eventually expect will be a 'massive' opportunity for connecting devices, products and services," says GlobalData technology analyst Kathryn Weldon.

Full Story:
Telecompetitor
7/19/2018

Sinclair Broadcast Group this week offered to put two of its stations in a divestiture trust to rescue its $3.9 billion purchase of Tribune Media, which met with skepticism this week from Federal Communications Commission Chairman Ajit Pai. Pai ordered a hearing on the deal and took issue with Sinclair's original plan to divest its stations but retain operational control.

7/19/2018

C Spire fired up a fixed wireless broadband service in a few of its Mississippi markets last weekend, saying that its speeds reach 120 megabits per second for $50 per month. The service includes free installation and waives data limits, a long-term contract and early termination fees.

Full Story:
Wireless Week
More Summaries:
C Spire
7/19/2018

The wireless broadband highway is getting faster, per a pair of reports that found US carrier speeds increasing in both directions from a year ago. Mean download speeds jumped by 20.4% in the first quarter to 27.33 megabits per second, per wireless metrics outfit Ookla, while mapping firm OpenSignal found similar results among the individual carriers.

Full Story:
FierceWireless
More Summaries:
Ookla, OpenSignal