chiraqDrahi's Altice also is financing Layer3. They are offering a 4K set top with up to three terabytes, apparently designed to connect wirelessly to a simple network interface device. That avoids needing to wire in the home, which Fran Shammo says is often the largest cost in a Fios connection. They are about to launch in a Chicago neighborhood and are also hiring installers in Alexandria, Virginia. 

Cable tech legend Dave Fellows and partner Jeff Binder have raised $100M, hoping that Comcast, Verizon, and AT&T have loads of unhappy customers who will switch. Paulson is a gambler who made $4B betting that triple-A rated mortgage bonds would default in 2008.

Like most famous hedge fund guys, he has his slumps as well; half the money in his fund is gone. Bloomberg says the banks demanded a personal guarantee on a loan to keep his funds afloat. George Soros also has invested in an over builder; he put $75M in Hyperoptic in England.

Google is confident they will take 30-40% of the market in Kansas and make money. A decent take rate is absolutely required to pay the high costs of network building. AT&T hasn't fibered Chicago and I believe hasn't even brought U-Verse to the entire city. They are obviously vulnerable. On the other hand, Comcast has promised gigabit DOCSIS 3.1 will begin in the next 90 days in Chicago. Chicago Tribune. 

Comcast appears to be sticking with a slow upstream of 30-50 megabits rather than using the upstream capabilities of 3.1. As far as I know, they are waiting for full-duplex upstream. It's years away. Fellows could jump ahead with the more robust cable upstream possible with today's equipment.  

Dozens of well-funded outfits have gone bust hoping to succeed as a third broadband provider in U.S. cities. Without effective unbundling rules, they nearly always failed to acquire enough customers to cover fixed costs. $Tens of billions - literally - were lost taking on the telcos and cablecos at the turn of the century. Many thought the big companies were slow, fat dinosaurs ready to be decimated.

Covad's market cap was $10B, a success that inspired dozens of similar CLECs. Nearly all went bust within a few years. It became impossible to finance a third entrant into a U.S. broadband market for more than a decade. "Telecom is a business of scale," Verizon CEO Ivan Seidenberg explained. "The new outfits don't have scale so they have no chance." 

The drought is over. 







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Nov 6 News: Deutsche Wants a Gigabit, Finally Realizes 50 Meg Isn't Enough,1.6 Gig in Sckipio-Calix Test, Reverse Power 4 Port DSLAM for Australia, Australia Makes it Official: to Million Plus, 2 Bonded 212 Lines = 3 Gigabits

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Angelina Jolie, Ashley Judd and dozens of others have exposed Harvey Weinstein. Every industry, including ours, has monsters like that, rarely stopped.
    I choose instead to highlight some women who are driving us forward. Nicola Palmer and Sanyogita Sangupta lead Verizon’s 5G effort, the most successful in the world. They will spend $billions and have already put hundreds of cells in the field  
     Verizon jumped ahead when almost all others held back. Charla Rath persuaded the FCC to offer gigahertz of mmWave spectrum three years before the official WRC plan. They supported the NYU work to make a more accurate channel model.
     With allies, VZ created their own 5G standard in 2015 because they didn’t want to wait for 3GPP.  The system commercial in 2018 and will do mobile in 2019 if the handsets are ready.  
     “The race is on” between Verizon and AT&T to be first in each market.10%-20% of people almost everywhere hate their broadband provider and likely to switch to mmWave. The U.S. build is going fast because the two giants expect to find a large market replacing landlines outside of their existing region.
     If they are first in a land grab.

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