Cisco profit jumps 3% in Q4; Rutledge says TWC purchase gives Charter Verizon MVNO access

More cable news from across the web:

> Cisco Systems reported a 3 percent rise in adjusted revenue for the just-completed quarter, matching the top end of its guidance and pleasing Wall Street, which spiked more than 5 percent. MarketWatch story

> Comcast Ventures has made yet another investment into the virtual reality market by putting $3 million into start-up Spaces. Variety story

> SNL Kagan estimates the combined cable, direct-broadcast satellite (DBS) and telecommunications (telco) sectors lost 162,000 video customers during the first quarter. Release

> Comcast said that non-profit The Arc Baltimore is using its Ethernet and Internet services to support its six locations and 800 employees. CED Magazine story

Telecom News

> Verizon has not yet come to an agreement with the wireline workers represented by the CWA and IBEW, but a top company executive says they are getting closer to a resolution as the strike enters its sixth week. Article

Wireless Tech News

> As expected, Google and Federated Wireless threw their hats into the FCC's Spectrum Access System (SAS) ring, joining several other entities in the aim to provide spectrum sharing capabilities for the 3.5 GHz band. Article

> Those in the wireless charging business are probably not surprised to hear that Apple has been hiring people with expertise in wireless charging, including two former uBeam staffers. The Verge counts more than a dozen staffers with wireless charging expertise hired in the last two years. Article

Wireless News

> Charter Communications CEO Tom Rutledge said his company can now potentially offer a nationwide wireless service because its Time Warner Cable acquisition gives it access to the same Verizon MVNO agreement as Comcast. Article

> U.S. carriers are increasingly moving away from two-year contracts and subsidized handsets in favor of equipment installment plans and leased devices. But in Verizon's case, at least, customers aren't always following. "The EIP take rate has an impact on what the current-year earnings are," Verizon CFO Fran Shammo said this morning at an investor conference. "And we had anticipated that we would get to around 75 percent, 76 percent by the end of the year. And what's actually happening is we're not getting there." Article

And finally… Google plans to launch a new Android-based virtual reality platform called Daydream. Wired story

Suggested Articles

The FreeWheel Council for Premium Video is calling for the adoption of a universal standard for managing cross-platform ad campaigns.

Cord cutting and pay TV subscriber losses greatly accelerated in 2019 and that trend is expected to continue in 2020.

Altice USA continues to post relatively small video subscriber losses compared to some of its counterparts like AT&T and Comcast.