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Glo Fiber Opens New Retail Location in Winchester, Virginia
Globenewswire· 2025-10-07 10:35
Core Points - Glo Fiber has opened a new retail store in Winchester, Virginia, enhancing access to ultra-fast fiber internet services [1] - The store's grand opening event is scheduled for October 9, featuring local radio personality Chris Mitchell [1] - Glo Fiber provides services to over 25,000 homes and businesses in Winchester and Frederick County [2] Company Overview - Glo Fiber, powered by Shenandoah Telecommunications Company (Shentel), offers multi-gigabit broadband internet, streaming TV, and voice services [5] - The company serves approximately 380,000 homes and businesses across multiple states, utilizing advanced fiber-to-the-home technology [5] - Glo Fiber's network supports symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) [3][11] Competitive Advantages - Glo Fiber emphasizes reliable, local customer service and straightforward pricing without long-term contracts [11] - The company operates a regional fiber network spanning over 17,700 miles, ensuring high-speed and low-latency internet access [3][6] - Store hours are designed for customer convenience, operating Monday through Friday and the first Saturday of each month [4]
Telecom Veteran David Oliveira Joins Kinetic as Chief Revenue Officer
Globenewswire· 2025-09-30 13:30
Core Insights - Kinetic has appointed David Oliveira as executive vice president and chief revenue officer to enhance its sales and product operations across consumer and business segments [1][2] - Oliveira brings over 20 years of experience in telecom and broadband, previously serving at Frontier Communications and Verizon [2] - Kinetic aims to expand its fiber service area to 3.5 million homes in the coming years, focusing on customer service and trust [3] Company Overview - Kinetic is a business unit of Uniti, providing multi-gigabit fiber internet and related services in 1,400 markets across 18 states in the U.S. [4] - Uniti is dedicated to enabling mission-critical connectivity and serves over a million consumers and businesses through various brands [5]
Kinetic Completes Future-Proof Fiber-Optic Network in Ruidoso
Globenewswire· 2025-09-25 17:30
Core Insights - Kinetic has completed a new fiber-optic network in Ruidoso, enhancing the community's internet infrastructure and demonstrating a long-term commitment to the area [1][10] - The fiber expansion project, a public-private partnership, provides high-speed internet to 8,000 homes and businesses, covering approximately 125 miles of fiber-optic cables [2][10] - Ruidoso is now recognized as a 'Gig-Ready' community, with over 75% of the town having access to Kinetic's Next Generation Gigabit Internet [2][10] Economic Impact - The new fiber-optic network is expected to boost economic growth, telehealth opportunities, and remote work options [3] - Research indicates that communities with fiber can experience 213% higher business growth, 10% higher self-employment rates, and a 14-17% increase in home values [3] Community Commitment - Kinetic's investment in Ruidoso is part of a broader strategy to support the community's recovery from recent natural disasters, including flooding and wildfires [4][6] - The company has prioritized restoring connectivity and is replacing fire-damaged copper networks with more resilient fiber infrastructure [5][6] Company Overview - Kinetic is a business unit of Uniti, providing multi-gigabit fiber internet and related services across 1,400 markets in 18 states [9]
Kinetic Hosts Broken Arrow Community Celebration
Globenewswire· 2025-09-12 16:00
Core Insights - Kinetic hosted a week-long "Kinetic Commitment to Community" event in Broken Arrow, focusing on community service and support for local nonprofits [1][2] - The company donated a total of $7,500 to two local organizations: $5,000 to Soldier's Wish and $2,500 to Broken Arrow Neighbors, highlighting its commitment to community leadership [2][6] - Kinetic is actively expanding its fiber internet services, currently constructing new infrastructure to serve tens of thousands of residents in the area [3][4] Company Overview - Kinetic, a brand under Uniti (NASDAQ: UNIT), provides multi-gigabit fiber internet and related services to approximately 1.7 million households across 1,400 markets in 18 states [4] - The company emphasizes the benefits of fiber internet, including 99.9% network reliability, gigabit speeds, symmetrical upload and download capabilities, and no data caps [3][4] Community Engagement - The event included volunteering activities with local nonprofits, showcasing Kinetic's dedication to community involvement [1][6] - Local food and entertainment were part of the community appreciation event, fostering connections between Kinetic employees and residents [1][5]
INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Of Cable One, Inc. (NASDAQ: CABO) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
Prnewswire· 2025-06-05 03:22
Company Overview - Cable One, Inc. is a broadband communications provider offering high-speed internet, video, and voice services through its brands, including Sparklight, Fidelity, Hargray, and CableAmerica [3] Allegations and Financial Performance - On May 1, 2025, Cable One reported first-quarter earnings that significantly fell short of analyst expectations and announced plans to suspend its anticipated dividend [4] - Analysts from KeyBanc and Raymond James raised concerns about the company's credibility, noting that the results contradicted prior management statements forecasting growth in subscribers and broadband revenue [4] Market Reaction - Following the earnings report, Cable One's stock price dropped by $109.48 per share, or 41.79%, closing at $152.51 per share on May 2, 2025 [5]
3 Wireless Non-US Stocks Likely to Thrive on Industry Strength
ZACKS· 2025-05-26 15:25
Industry Overview - The Zacks Wireless Non-US industry is positioned to benefit from strong demand trends driven by the increasing need for connectivity, despite facing challenges such as high capital expenditures, margin erosion, and supply chain disruptions due to geopolitical conflicts [1][5] - The industry includes mobile telecommunications and broadband service providers that offer voice services, IoT solutions, content streaming, and various IT services [3] Future Trends - Network convergence is driving significant investments from telecom and cloud service providers to meet the growing demand for coverage, speed, and quality in mobile broadband and home internet solutions [4] - Continuous network upgrades and optimization are essential to maintain performance standards, as telecom services are considered necessities with weak correlation to macroeconomic factors [4] Challenges - The industry is currently facing high production costs due to a shortage of chips and increased raw material prices influenced by geopolitical conflicts, which have negatively impacted profitability [5] - Price-sensitive competition is expected to intensify, affecting customer retention and overall financial results [5] Growth Strategies - Companies in the industry are focusing on subscriber growth, churn management, and enhancing customer loyalty through unlimited plans and improved network connectivity [6] - Strategic acquisitions and geographical expansion are key strategies for increasing market presence and revenue [6] Industry Performance - The Zacks Wireless Non-US industry has a Zacks Industry Rank of 44, placing it in the top 18% of over 250 Zacks industries, indicating positive near-term prospects [7][8] - However, the industry has underperformed compared to the broader Zacks Computer and Technology sector and the S&P 500 over the past year, with a gain of only 3.3% [9] Valuation Metrics - The industry has a trailing 12-month Price/Book (P/B) ratio of 1.06X, significantly lower than the S&P 500's 7.82X and the sector's 9.09X [12] Notable Companies - TIM S.A. is a leading communication service provider in Brazil, focusing on aggressive 5G rollout and aiming for a long-term earnings growth expectation of 16.1% [15] - Ceragon Networks Ltd. specializes in wireless backhaul and fronthaul solutions, providing efficient network rollout and optimization services [16] - PLDT Inc. is the leading telecommunications provider in the Philippines, expanding its fiber network and aiming for a long-term earnings growth expectation of 7.5% [19]