Ownership

NOVOS FiBER publicized itself with an announcement that Arlington (TX)will soon have a new broadband provider. NOVOS FiBER was founded in 2022, funded by InLight Capital, a private investment firm based in Sugar Land (TX). NOVOS Fiber is entering both the retail and wholesale markets and plans to serve a “significant number” of homes over the next two years. First focusing on Texas, NOVOS will eventually expand beyond state lines. Founder and CEO Andrew Snead said he and the company have a strong conviction to go against the grain of the “internet service is primarily a utility” mentality.

Oak Hill Capital has made yet another investment in telecommunications, announcing its acquisition of Florida-based fiber-to-the-home provider Wire 3 from Guggenheim Investments. The price was not disclosed. Oak Hill Capital has committed to invest up to $250 million out of its sixth flagship fund to accelerate the expansion of Wire 3’s fiber network in underserved communities across Florida. Wire 3’s existing management team members will continue leading the business, now as shareholders. Wire 3 provides symmetrical internet speeds of up to 10 Gigabits per second (Gbps).

Archtop Fiber closed its acquisition of New York-based Warwick Valley Telephone (WVT), marking the provider’s third acquisition in five months as it continues expanding in the northeast US. With WVT under its belt, Archtop will serve customers in New York’s Orange County, the Mid-Hudson Valley and northwestern New Jersey with an XGS-PON network. Archtop will overlash fiber onto WVT’s existing lines and rebrand the company to WVT Fiber. The acquisition came via a stock purchase agreement with Momentum Telecom, WVT’s previous owner and a provider of managed cloud communications services.

EchoStar Corporation completed its acquisition of DISH Network Corporation on December 31, 2023. To complete the acquisition, a wholly owned subsidiary of EchoStar merged with and into DISH Network, with DISH Network surviving the merger as a wholly owned subsidiary of EchoStar. The transaction combines DISH Network’s satellite technology, streaming services, and nationwide 5G network with EchoStar’s premier satellite communications solutions.

With this Report and Order, the Federal Communications Commission brings to a close the 2018 Quadrennial Review proceeding. In this Order, the FCC retains the existing media ownership rules and adopts minor modifications that better tailor them to the current media marketplace.

Tens of millions of U.S. consumers will get a payout as Google shells out $700 million to settle an antitrust lawsuit brought by state prosecutors over the high fees it charges app developers. Google will pay $630 million into a fund that will be divided among an estimated 102 million eligible consumers across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, according to the settlement terms for Utah et al v. Google.

Amazon executives tend to describe their satellite venture, Project Kuiper, in philanthropic terms, emphasizing its potential to connect people in remote or impoverished areas with education and global commerce. Less altruistically, Amazon also hopes the $10-billion-plus project can transform it into a global telecommunications giant.

These Merger Guidelines identify the procedures and enforcement practices the Department of Justice and the Federal Trade Commission most often use to investigate whether mergers violate the antitrust laws. The Merger Guidelines set forth several different analytical frameworks to assist the Agencies in assessing whether a merger presents sufficient risk to warrant an enforcement action.

Consolidated Communications filed a letter to shareholders, asking them to vote for the company’s proposed acquisition by Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI).

When it comes to the technological advances that have graced our ever-expanding, ever-crowded, ever-exploitative prisons, observers rightly tend to point out the insidious panopticon they’ve enabled: sophisticated surveillance and security networks that ensnare the lives of nearly 2 million people locked up throughout the United States. But the technology that prisoners themselves use and depend on is frequently overlooked.