Ownership

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.

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

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 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.

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.

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.

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 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 (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 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.