Sinclair Broadcast Group this week offered to put two of its stations in a divestiture trust to rescue its $3.9 billion purchase of Tribune Media, which met with skepticism this week from Federal Communications Commission Chairman Ajit Pai. Pai ordered a hearing on the deal and took issue with Sinclair's original plan to divest its stations but retain operational control.
C Spire fired up a fixed wireless broadband service in a few of its Mississippi markets last weekend, saying that its speeds reach 120 megabits per second for $50 per month. The service includes free installation and waives data limits, a long-term contract and early termination fees.
The wireless broadband highway is getting faster, per a pair of reports that found US carrier speeds increasing in both directions from a year ago. Mean download speeds jumped by 20.4% in the first quarter to 27.33 megabits per second, per wireless metrics outfit Ookla, while mapping firm OpenSignal found similar results among the individual carriers.
Known and unknown risks can prevent a deal from closing quickly and leave buyers without certainty. Aligning a buyer's concerns with a seller's desire for a clean exit can help both parties succeed and the strategic use of Transaction Liability insurance can close this gap and improve deal outcomes. Join Aon experts on July 18 for a discussion around the growing utilization of Transaction Liability insurance (including Representations & Warranties, but also Tax and Litigation insurance) by corporate clients is growing rapidly. Register here.
The nature of terrorism has shifted. Recent years have seen tactics move away from attacks on high value infrastructure and more toward attacks targeting mass casualties. The changing motives of terrorism are requiring organizations and venues to reevaluate how they address the evolving risk. With tactics shifting, preparation is increasingly everyone's responsibility, how is your firm responding to this evolution in terrorism? Learn more.
Facebook has hired former Google executive Shahriar Rabii to serve as the social platform's vice president and head of silicon, working to develop virtual and augmented reality features. Experts say the hire is part of Facebook's larger push to enter the custom chip market.
Carriers could use citizen broadband radio service to deliver LTE and break even within three years, a Senza Fili Consulting study states. Also, Federated Wireless asserted that the Federal Communications Commission could allow spectrum sharing for service via CBRS to begin over the 4.9-gigahertz band sooner than the 3.5 GHz spectrum, which regulators tentatively approved last year.
The Commerce Department's National Telecommunications and Information Administration unit has asked for new rules from the Federal Communications Commission regarding prioritizing wireless calls for first responders during emergencies, noting that the regulations have not changed in 18 years.
Noncommercial use must be protected if the Federal Communications Commission opens up C-band spectrum for wireless broadband service, said Rep. Tom Cole, R-Texas, and chair of the House Appropriations Subcommittee. Internet service providers and broadcasters are worried about interference if the FCC approves a draft plan to share the 3.7-4.2 gigahertz spectrum.
Rural wireless carriers may one day provide service via a network of cell towers contained in a box if Spencer Sevilla's tests pan out. The University of Washington researcher's team is prepping the next round of trials for IslandCell, a 20-pound box containing tower hardware that could support service for 6 miles even without an internet connection.
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