Thursday, July 21, 2011

Virgin Media Tests World's Fastest Cable Broadband -- 1.5 Gbps

Virgin Media UK has begun a market test of the world's fastest cable connection -- a service boasting up to 1.5 Gbps downstream and 150 Mbps upstream. The connection is delivered over the same HFC infrastructure and technology as Virgin Media uses to provide residential customers with speeds of up to 100 Mbps, which is currently being rolled out to over half of all UK homes. The 1.5 Gbps service is being tested in east London around Old Street,...

Verizon Wireless Sells 1.2 Million LTE Devices in Q2

Verizon Communications reported Q2 revenues of $27.5 billion in second-quarter 2011, up 6.3 percent compared with second-quarter 2010 (on a comparable basis adjusting for divested operations), marking the company's strongest quarter for consolidated revenue growth in 10 quarters. Verizon reported 57 cents in EPS in the quarter, compared with a second-quarter 2010 loss of 42 cents per share. In first-half 2011, Verizon's capital expenditures totaled...