Ownership

Brightspeed, the company that bought Lumen Technologies’ copper assets in 20 markets, has won $3.7 billion in new financing to spend toward its fiber buildouts. The financing comes from a syndicate of bankers and other investors led by Brightspeed’s parent company Apollo Global Management. Apollo paid $7.5 billion for Brightspeed in 2022. Brightspeed CEO Tom Maguire said, “The same people who funded the original go-around are back again. I take that as a good sign.

A federal judge said on August 5 that Google broke the law to kneecap competition in web search in ways that entrenched the company’s power. The next steps, which involve proposing legal fixes to undo Google’s behavior, are essentially about imagining an alternative future in which Google isn’t Google as we know it. We have the internet we have, and it’s hard to imagine something different or if you’d like it more, but here are six possible alternati

Google acted illegally to maintain a monopoly in online search, Judge Amit Mehta of U.S. District Court for the District of Columbia ruled, a landmark decision that strikes at the power of tech giants in the modern internet era and that may fundamentally alter the way they do business. Judge Mehta said that Google had abused a monopoly over the search business.

T-Mobile is sneaking into the cable industry’s backyard. The second-biggest cellphone carrier by subscribers has pieced together at least five partnerships with fiber-optic internet providers that could serve millions of customers in the coming years.

A definitive agreement has been signed by which AccessPlus will acquire Crocker Communications, a third-generation, renowned telecommunications leader based in Greenfield and Springfield, Massachusetts. The closing of the transaction will follow Federal Communications Commission (FCC) and state regulatory approvals and is expected to occur in the third quarter of 2024. The acquisition includes Crocker Communications’ assets and its robust customer base, encompassing approximately 2,000 government, education, and residential clients.

US senators wrote to Jonathan Kanter, Assistant Attorney General for the Antitrust Division of the Department of Justice (DOJ) and Jessica Rosenworcel, Chair of the Federal Communications Commission (FCC), urging them to closely scrutinize T-Mobile’s proposed acquisition of UScellular. Since T-Mobile acquired Sprint in 2020, just three carriers have dominated the national mobile wireless service market.

T Mobile said it entered into a definitive agreement to establish a joint venture (JV) with the investment firm KKR to acquire Metronet as the company aims to increase its fiber solution offer to U.S. consumers. The wireless broadband provider expects to invest around $4.9 billion to acquire a 50% equity stake in the joint venture and 100% of Metronet’s residential fiber retail operations and customers. The JV will also acquire Oak Hill Capital’s existing stake.

In a deal that will focus on networking in Texas, Highline has acquired Liberty-based Internet Management Services (IMS). The combined company plans to expand its footprint in the southeast region of the state. Highline traces its roots back more than 125 years and has been involved in fiber deployments for 27 years. In addition to Texas, it is active in Michigan, Colorado, Georgia, Kansas, and Nebraska. Its networks provide 1 Gbps to 10 Gbps fiber connections within its footprint.

You’ve heard the grand declarations from telecommunications companies over the past few years. "We’re not telcos anymore," they’ve said, "we’re techcos." But what’s so bad about being a telco?Techco, of course, is short for "technology company." The idea is that telcos are evolving beyond their roots as simple connectivity providers and turning into services companies. The underlying implication here is that connectivity is becoming a utility, just like water or electric service.

One in three Americans doesn’t have internet at speeds fast enough to use Zoom. Despite being an essential utility, building out the nation’s internet infrastructure has been largely left to market forces with highly uneven results: 40 million Americans are still waiting to be connected. Large traditional internet service providers have not and will not invest in communities where the economics don’t fit their business models.