Mediacom bill pay for cable
The problem with sports programming is equally as alarming. The fees we pay to retransmit local broadcast stations like ABC, CBS, FOX and NBC are by far our fastest growing wholesale cost component. Just like the price of oil affects the price of gas at the pump, the price of cable and satellite television service is impacted by wholesale cost of the channels we carry. Mediacom lost 18,000 video subs in Q4, ending the quarter with 572,000.Much like your local gas station, Mediacom is the retail distributor of products that we purchase at wholesale.
Mediacom ended 2021 with 1.46 million broadband subs, up 1.7% year-over-year, but lost 3,000 high-speed subs in Q4. Ad revenues plummeted 60.6% to $11.55 million. High-speed revenues rose 11%, to $277.26 million in Q4, while video revenues rose 0.7%, to $167.75 million, voice revenue dipped 6.9% to $27.27 million, and business services revenues climbed 4.1% to $77.39 million. It ended 2021 with net debt of $1.23 billion, down by $482 million from the end of 2020. The company posted revenues of $561.2 million, up 2.2% year-over-year. Mediacom, which was taken private in 2011, also announced Q4 2021 results today, noting that the period marked the company's 100th consecutive quarter of year-over-year revenue growth.
MEDIACOM BILL PAY FOR CABLE UPGRADE
The home was connected to an enhanced DOCSIS 3.1 network that was upgraded to 1.2GHz and was also equipped with a "high-split" upgrade that boosted the spectrum dedicated to the upstream from a range of 5MHz-45MHz to a range of 5MHz-204MHz. In 2020, Mediacom hosted a 10G demo at a home in Ames, Iowa. 10G is a cable initiative to deliver symmetrical 10-Gig speeds along with low-latency and enhanced security via a mix of access network technologies, including hybrid fiber/coax (HFC), DOCSIS 4.0, fiber-to-the-premises (FTTP) and even wireless. Mediacom is also gearing up to launch "10G" services across its footprint. "As a company that has spent its entire existence focused on serving smaller markets and has already constructed an extensive fiber network to the edge of many areas targeted by this funding, we are perfectly positioned to partner with the government to help eliminate the digital divide once and for all," Commisso noted. Mediacom, which focuses largely on rural markets, nabbed a small piece of funding ($2.25 million to cover parts of four states) in phase I of the Rural Digital Opportunity Fund (RDOF) auction. He also suggested that Mediacom might pursue more opportunities to supplement broadband buildouts in unserved/underserved areas with the aid of government stimulus funds, including dollars attached to President Biden's new infrastructure bill. Mediacom has since expanded coverage by adding towers in parts of Illinois, Georgia and Minnesota, an official said.Ĭommisso said Mediacom is in the "process of rolling out our fixed-wireless service in some of the least densely populated parts of our franchise areas." Last summer, the operator launched Mediacom Bolt, a product that delivers home broadband via licensed CBRS spectrum, in parts of Alabama, Iowa and Florida. Mediacom is already a fixed wireless broadband player. Meanwhile, WideOpenWest, a midsized competitive cable operator, plans to enter the mobile fray this spring through a new agreement with Reach Mobile, an MVNO that works with T-Mobile, AT&T and Verizon. "We definitely see the attraction to offering consumers a one stop shopping experience for all their communications needs."Īs Mediacom adds more Wi-Fi hotspots throughout its footprint, the company would also have the ability to offload traffic onto its own network "and give consumers an improved experience outside the home," the official added.Ĭomcast and Charter Communications have MVNO pacts with Verizon, and Altice USA is now hooked up with T-Mobile. "If we did enter the mobile business, it would be through an MVNO deal," a Mediacom official told Light Reading in an email exchange.
That also appears to be the path Mediacom is exploring. (Source: ZUMA Press, Inc./Alamy Stock Photo) Mediacom's Rocco Commisso, who also owns Italian football club ACF Fiorentina, says the operator is planning to deploy '10G' services across its footprint.