Ownership

GoNetspeed CEO says accelerated build will bring 140,000 passings this year

GoNetspeed is on a fiber deployment spree. The fiber provider accelerated builds in the second half of 2023, with the expectation that by the end of the year it will pass more than 140,000 locations across Maine, New York, Connecticut, Massachusetts and Alabama. In November 2023 alone, GoNetspeed announced new service availability in Portland and Rockland in Maine; Attalla, Alabama; Amherst, Massachusetts and Plymouth, Connecticut.

Arkansas-based Ritter Communications Gets Aggressive on Fiber

Jonesboro, Arkansas-based Ritter Communications continues to build on its legacy of serving underserved communities by aggressively deploying fiber in its four-state footprint across Arkansas, Missouri, Tennessee and Texas. This rapid deployment has been funded by a variety of sources, including support from private equity partner Grain Management and the Ritter family, bank loans, and American Rescue Plan Act-funded state grants for broadband deployment.

Rural Telecommunications Mergers & Acquisitions: One Iowa Provider Buys Another

In a deal between two broadband and telecommunications operators in rural southeast Iowa, Kalona Cooperative Technology Company (KCTC) acquired Farmers & Merchants Mutual Telephone Company (Famtel).The transaction was about two years in the making. The companies had shared ideas over the years and, in October 2022, the KCTC board of directors signed a letter of intent to acquire Farmtel.

Israel tells Elon Musk Starlink can only operate in Gaza with its approval

Israel told Elon Musk his Starlink satellite network will only be allowed to operate in Gaza with Israel's approval, as the entrepreneur met the country’s leaders amid a furore over alleged antisemitism on his social platform X. Musk declared in late October 2023 that his satellite internet service Starlink would “support connectivity to internationally recognised aid organisations in Gaza”, which has suffered lengthy blackouts under Israel’s bombardment.

You’ve (maybe) got mail

President Joe Biden announced what he called a “big step” toward internet for all, rolling out a $42 billion investment to deliver broadband to unserved and underserved communities. “With this funding, along with other federal investments, we’re going to be able to connect every person in America to reliable high-speed Internet by 2030,” President Biden said of the funds, allotted through the Infrastructure Investment and Jobs Act.

Why Altman and Musk pose a problem for Washington

The collision of Elon Musk’s Twitter takeover and the recent chaos at OpenAI reveals something even bigger than social media’s shifting tectonic plates—the extent of the society-shaping power wielded by a very small cadre of Silicon Valley titans. Individual personalities—and individual fortunes—matter far more in the world of Silicon Valley startups than they do in corporate America’s more consensus-oriented, traditional bureaucracies.

The White House May Condemn Musk, but the Government Is Addicted to Him

The White House denounced Elon Musk for “abhorrent promotion of antisemitic and racist hate,” for his endorsement of what an administration spokesman called a “hideous lie” about Jews. All of which might make one think the Biden administration was going to try to pull back from doing business with the world’s richest person. Except that, in recent weeks, the U.S.

DigitalBridge dishes on how private equity picks its fiber buys

Private equity companies have steadily become a mainstay in the broadband industry, as they seek a piece of the fiber pie. Jonathan Adelstein, managing director and head of global policy and public investment at DigitalBridge, discussed how firms like his pick a fiber provider to invest in. It’s not just about cost per passing and making sure “that’s under control,” he says, cost per subscriber is a key factor as well. DigitalBridge also looks at a provider’s contract relationships, “making sure that they’re strong, that they can control the supply chain.” That way, DigitalBridge is able to

Biden’s ‘Internet for All’ squeezes small bidders and boosts private equity

I’ve spent my entire life fighting to ensure that Americans from any background, of any color or creed, have the opportunity to fight for their very own American Dream.

Palisade Infrastructure Acquires Rainier Connect

Palisade Infrastructure has successfully concluded the acquisition of Mashell, the parent company of Rainier Connect. Ranier Connect, a fiber and hybrid fiber coaxial (HFC) broadband provider in Washington State, will now operate under Palisade’s new Lightcurve brand. The rebranding represents the “beginning of significant investments in the fiber optic internet infrastructure.” The infrastructure investment company originally announced its plans to acquire Rainier Connect in December 2022. Lightcurve currently serves Tacoma, Eatonville, Centralia, Chehalis and Graham in Washington.

After big drop in Internet Service Provider competition, Canada mandates fiber-network sharing

In an attempt to boost broadband competition, Canada's telecommunication regulator, Canadian Radio-television and Telecommunications Commission (CRTC), is forcing large phone companies to open their fiber networks to competitors.

FTC Raises AI-related Competition and Consumer Protection Issues

In a comment submitted to the US Copyright Office, the Federal Trade Commission identified several issues raised by the development and deployment of Artificial Intelligence (AI) that implicate competition and consumer protection policy, noting the FTC’s role in monitoring the impact of generative AI and vigorously enforcing the law as appropriate to protect competition and consumers. The comment explains that the FTC has an interest in copyright-related issues beyond questions about the scope of rights and the extent of liability under the copyright laws.

Investor Urges Shareholders Not to Approve Consolidated Communications Sale

One of Consolidated Communications’ institutional investors is encouraging other shareholders not to vote in favor of the proposed Consolidated sale to Searchlight Capital Partners and British Columbia Investment Management Corporation. The investor, Wildcat Capital Management, owns about 3 million shares of Consolidated stock, or between 2 and 3 percent of the company. That makes Wildcat the fifth largest independent stockholder, according to Wildcat.

T-Mobile's open access fiber strategy gets clearer

T-Mobile expanded its fiber ambitions to a handful of new markets via partnerships with several open access fiber network operators including Tillman FiberCo and SiFi Networks, among others. The developments reflect T-Mobile's growing interest in partnering with fiber network operators to offer T-Mobile-branded fiber services running over another company's network. It is a model that T-Mobile knows well as companies like Dish Network, Altice and Google Fiber pursue a similar strategy using T-Mobile's own wireless network.

Shenandoah Telecommunications Company to Acquire Horizon Telcom

Shenandoah Telecommunications Company (Shentel) announced it has entered into a definitive agreement to acquire 100 percent of the equity interests in Horizon Telecom for $385 million. Consideration will consist of $305 million in cash and $80 million of Shentel common stock. Horizon is a leading commercial fiber provider in Ohio and adjacent states serving national wireless providers, carriers, enterprises, and government, education and healthcare customers.

Dish agrees to pay $100 million to T-Mobile for extension on 800 MHz purchase

Dish and T-Mobile have resolved their dispute over 800 MHz spectrum, with Dish agreeing to pay $100 million now toward the spectrum, in exchange for an extension to buy the spectrum fully. Dish made an SEC filing on October 19, saying the two companies entered into an amendment to their License Purchase Agreement, extending the date by which Dish may purchase the 800 MHz spectrum to April 1, 2024.

Former FCC Chairman Wheeler wants to steal Big Tech’s moves

In his new book “Techlash: Who Makes The Rules In The Digital Age?”, former Federal Communications Commission Chairman Tom Wheeler says regulators have failed to rein in Big Tech because they’re using outdated tools. Call it something like “regulatory futurism”—Wheeler is saying now is the time for the government to get innovative by setting up new agencies with wide-reaching powers to determine what is and isn’t in the public’s best interest when it comes to tech.

Dish looks to undermine T-Mobile's 5G spectrum aspirations

T-Mobile is hoping to significantly improve the depth and reach of its lowband 5G network. But Dish Network is looking to block that move. A 2019 agreement among Dish, T-Mobile, and the US Department of Justice (DoJ) ultimately paved the way for T-Mobile to close its $26 billion purchase of Sprint.

Bluepeak: Rural Consolidation with Local Flair

Bluepeak has been swiftly and steadily expanding its footprint since its owner, private equity firm GI Partners, acquired competitive cable TV provider Vast Broadband in February 2021. At the time of the acquisition, Vast’s cable network passed 150,000 homes in its anchor markets, Sioux Falls and Rapid City (SD).

Consolidated Communications to Be Bought For $3.1 Billion, Including Debt

Consolidated Communications has agreed to be bought for $3.1 billion, including debt, in a take-private deal that will remove the fiber company from the public markets as it grapples with higher interest rates and rising costs. Searchlight Capital Partners, a private-equity firm that already owns more than 34 percent of Consolidated Communications, and British Columbia Investment Management agreed to pay $4.70 a share for the company. The company has faced various challenges as it works to build up its next-generation fiber network.

United Communications CEO Shares Grant-Winning Tips, “Outside-In” Build Strategy

United Communications CEO William Bradford purchased what was then United Telephone in 2011, a rural phone company founded more than 75 years ago to bring telephone service to unserved rural areas. His first order of business (after changing the name to United Communications) was to upgrade the organization’s infrastructure and start bringing internet services to its footprint of mostly rural customers. Today, United serves 70,000 middle-Tennessee homes with internet service and will reach a total of 80,000 homes by the end of 2023.

Brightspeed hits one-year anniversary with fiber live in 13 states

One year has passed since Brightspeed became the fifth largest incumbent local exchange carrier (ILEC) in the US, and it’s made some notable progress in its $2 billion multi-year fiber deployment. Most of Brightspeed’s footprint is currently served with copper, but the operator is undertaking fiber builds in 17 states and officially launched fiber service on March 1, 2023.

Sound Broadband: Spectrum Holder LICT Makes Big FWA Moves

LICT is best known as a rural broadband consolidator, but several months ago the company quietly added Sound Broadband to its holdings, not through an acquisition, but organically.

Labor Downsizing

I’m mystified when large internet service providers (ISP) and carriers have significant layoffs at a time when they seem to be doing well; it’s a pattern that we’ve seen over and over during the last several decades. The latest big layoff is coming from T-Mobile, which announced in August that it is eliminating 5,000 jobs, about 7 percent of its total workforce.