Crown Castle International Corp. announced today that it has entered into a definitive agreement to acquire privately-held Wilcon Holdings LLC for approximately $600 million from Pamlico Capital and other unit holders of Wilcon. Wilcon is a fiber services provider that owns approximately 1,900 route miles of fiber, primarily in Los Angeles and San Diego. Pro forma for the proposed acquisition, …
NYC says ‘we’re done waiting,’ and sues Verizon over fiber rollout
In correspondence sent to New York City on Friday, Verizon said they were looking forward to “constructive dialog” to resolve the City’s Fios build-out concerns. New York wasn’t as accommodating when it slapped Verizon with a lawsuit on Monday. In a complaint filed in New York State Supreme Court, New York City contends that Verizon is in breach of a …
Wall Street crucifies Dycom over loss of Goodman’s contract backlog
Following the release of Dycom Industries’ Q1 FY2017 earnings report and conference call this morning where President and CEO Steve Nielsen fielded analysts’ concerns about Goodman Networks’ performance, a company that Dycom acquired last July for $107.5 million, Dycom’s stock lost $18.82, closing at $74.13. The 20.25% loss appears to be based upon a number of analysts’ concerns about considerably lower …
West Chicago telecom fiber optic worker electrocuted
Authorities in Sterling, Ill. Are investigating the death of a telecommunications company worker who was electrocuted yesterday while working on fiber-optic cable when the bucket on his truck came into contact with ComED power line. Robert Zulauf, 32, owner of Zucru Communications, was pronounced dead at the scene just before 1 pm., according to the Whiteside County Coroner’s office. Another …
AT&T’s utility pole claims are rebutted by the FCC
The Federal Communications Commission issued a statement Monday related to a lawsuit filed by AT&T (Bell South) against Louisville, Ky., stating that the city’s One Touch Make Ready (OTMR) policy, a pole attachment ordinance, does not conflict with federal regulations. Kentucky is one of 20 states that have certified that they regulate their own pole attachment terms and conditions that …
Telecom contractor’s fiber optics investment scam halted with SEC judgment
The U.S. Securities and Exchange Commission (SEC) and a Minnesota fiber optics company that allegedly defrauded investors of $4.3 million agreed to a partial judgment on Nov. 3, 2015 that bars the company and its CEO, James M. Louks, who was also President of telecom contractor C & L Communications up until 2012, from soliciting or accepting money from investors …
