Elizabeth Ann Pierce, the former CEO of telecommunications company Quintillion based in Anchorage, Alaska, and FCC Chairman Ajit Pai’s pick to head the FCC’s Broadband Deployment Advisory Committee, pled guilty Monday in Manhattan federal court to wire fraud and aggravated identity theft in connection with a scheme to use forged guaranteed revenue contracts fraudulently to induce investors to pony up more …
Crown Castle picks up FPL FiberNet for $1.5 billion, adding another 11,500 route miles
Crown Castle International Corp. announced this morning that it has entered into an agreement to acquire FPL FiberNet Holdings, LLC and certain other subsidiaries of NextEra Energy, Inc for approximately $1.5 billion in cash. FiberNet is a fiber services provider that owns or has rights to approximately 11,500 route miles of fiber installed and under construction in Florida and Texas, …
FiberLight required to pay $17M to company that brokered Verizon network deals
A California U.S. District Court judge has awarded Telecom Asset Management (TAM) $17 million in commissions after a three day bench trial that it said it was due after securing approximately $420 million worth of Verizon contracts for telecom network provider FiberLight. Judge Susan Illston awarded TAM the money after settlement discussions failed last month. TAM claimed that beginning in …
Time Warner’s fiber-optic backhaul supports close to 20,000 of the country’s cell towers
Charter Communications’ bid for Timer Warner Cable appears to have little opposition, and the $55 billion deal might be approved by the FCC by the end of the year. Included in the sale are two important industry assets, towers and backhaul. Although Time Warner’s total of 653 structures hasn’t grown considerably over the years, but will be complemented by Charter’s …
