BBWN Bites: 60% of US Farmers Have Inadequate Broadband — Study
Also today, Liberty LatAm to acquire AT&T's assets in Puerto Rico and the US Virgin Islands, another DirecTV scenario emerges, OTT's growth spurt and smart doorbells keep ringing.
Almost 60% of US farmers do not have adequate broadband to run their businesses today, according to a new report by the United Soybean Board. Farmers, ranchers and others in agriculture contributed $133 billion to the US GDP in 2017 -- but with many farmers' desire to use more data and connected-farming technologies, poor connectivity and no ability to move closer to a different (or any) provider, $80 billion in business is at risk, USB said.
Liberty Latin America (LLA) on Wednesday said it will acquire AT&T's wireline and wireless operations in Puerto Rico and the US Virgin Islands for $1.95 billion in cash. The combo of LLA's high-speed broadband and TV business (which generates about $4.6 billion) with AT&T's mobile operations (earning a bit more than $1.2 billion) will create an integrated provider across the spectrum of communications, said Balan Nair, LLA president and CEO, in a statement. Adding AT&T's businesses will help LLA increase its B2B sales, deploy 5G rapidly using its fiber for backhaul and further expand its product portfolio, he added.
Private equity firm Apollo Global Management proposes a restructuring that would spin-off DirecTV and combine it with Dish Network, then give AT&T control of the newly formed company, Fox Business reported today. AT&T COO John Stankey remains firm that DirecTV is not for sale. Both AT&T and Dish declined comment to Light Reading.
The global OTT market will expand by $77.7 billion at a CAGR of over 13% between 2019 and 2023, according to Technavio. The research firm also found the worldwide market for smart doorbells will increase by $2.63 billion in that same period; however, that's a slowdown at a CAGR of 46% between 2019-2023, Technavio predicts.
— Alison Diana, Editor, Broadband World News. Follow us on Twitter or @alisoncdiana.
Here's where you can find episode links for 'The Divide,' Light Reading's podcast series featuring conversations with broadband providers and policymakers working to close the digital divide.
As we have for the past two years, Light Reading will present our Cable Next-Gen Europe conference as a free digital symposium on June 21.
Charter has sparked RDOF work in all 24 states where it won bids. The cable op booked about $19 million in RDOF revenues in Q1, and expects to have about $9 million per month come in over the next ten years.
As we have for the past two years, Light Reading will stage the Cable Next-Gen Technologies & Strategies conference as a free digital event over two half-days in mid-March.
Launch of 2-Gig and 5-Gig FTTP tiers in 70-plus markets puts more pressure on cable ops to enhance their existing DOCSIS 3.1 network or accelerate their upgrade activity centered on the new DOCSIS 4.0 specs.