Investors bidding up Cablevision Systems’ (CVC) stock on expectations that the cable TV firm will be acquired by French telecom firm Altice could be disappointed, says Citigroup, which sees an Altice purchase of Verizon Communications’ (VZ) FiOS business and wireline assets as likelier. Cablevision stock has shot up since May on speculation over an Altice takeover bid, fueled by Altice’s purchase of U.S. regional broadband provider Suddenlink
Comcast (CMCSA) says Wi-Fi technology still needs to improve before it rolls out a commercial Wi-Fi service, while Citigroup speculates that Ruckus Wireless has the inside track to upgrade the No. 1 cable TV firm’s Wi-Fi network when the time comes. Cablevision Systems (CVC), a New York-based cable TV firm, recently launched its “Freewheel” Wi-Fi service, which offers unlimited calling, texting and data to its pay-TV and broadband subscribers for
Cablevision (CVC) will sell an unlimited Wi-Fi calling, texting and data plan to its pay-TV and broadband subscribers for $9.95 a month. Cablevision’s announcement comes amid speculation Google (GOOGL) is poised to enter the wireless service business, selling direct to consumers through a network leasing deal with either Sprint (S)or T-Mobile US (TMUS), or both. Cable TV companies, led by New York-based Cablevision and much bigger Comcast (CMCSA),