Telecommunications
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Media General announced Wednesday that it has entered into definitive agreements to sell several of its assets – including WJAR-TV NBC 10 – to meet the regulatory requirements of its merger with Providence-based LIN Media, the parent of WPRI-TV 12. more
Telecommunications company Towerstream Corp. on Monday reported a second-quarter net loss of $6.4 million, or 10 cents per share, widening by 2.6 percent the net loss of $6.2 million, or 9 cents per share, recorded for the same period last year. more
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, reported second-quarter net income of $55,000, or zero cents per share, an improvement over the first-quarter net loss of $1.1 million but a 96.5 percent decline compared with net income of $1.6 million, or 10 cents per share, for the second quarter of 2013. more
Providence Equity Partners Inc. is considering acquiring a stake in Canadian wireless provider Wind Mobile, people with knowledge of the matter said, as Canada continues its effort to create a fourth national carrier. more
Providence Equity Partners LLC is scrapping a plan to sell Brazilian mobile-phone tower operator Grupo TorreSur after bids fell short of its expectations, people with knowledge of the matter said. more
Global private equity firm Providence Equity Partners on Tuesday announced its investment in Mauritius-based Helios Towers Africa as part of a $630 million fundraising round by the independent telecommunications tower company. more
Aereo Inc., the streaming video startup that halted service after the U.S. Supreme Court ruled it violated broadcasters’ copyrights, said it believes it can still operate like a cable TV service after the decision. more
Two in five American households responding to a survey by the National Center for Health Statistics said they had no landline telephone service and used cell phones as their only means of phone communication, the Centers for Disease Control and Prevention reported Tuesday. more
KVH Industries Inc. on Thursday announced its $48.9 million acquisition of Videotel, a London-based company that provides e-learning services, training videos and distance-learning courses for the commercial maritime industry. more
AT&T and Verizon Wireless have tied for overall performance in Providence for the second year in a row, according to the latest report by Seattle mobile research and testing organization RootMetrics. more
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