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American Cable & Telephone history
American Cable & Telephone company history timeline
In cable, Comcast in 1994 acquired Maclean Hunter's United States cable operations for $1.27 billion, gaining an additional 550,000 customers.
In the early 1995 Federal Communications Commission (FCC) auction of PCS licenses, Sprint Spectrum was the biggest winner, gaining the rights to wireless licenses in 31 major United States markets, covering a population of 156 million.
By the end of 1997, Comcast had converted about 70 percent of its customers to a new hybrid fiber-coaxial technology, which was more reliable, offered improved signal quality, and had the capacity to deliver more services.
Out of 1997 revenues of $4.91 billion, $2.083 billion (or 42.4 percent) came from the company's content operations, $2.073 billion (42.2 percent) came from cable, and $444.9 million (9.1 percent) came from cellular.
In February 1998 the company agreed to sell its underperforming U.K. cable operations to NTL Inc. for $600 million in stock plus the assumption of $397 million in debt.
By the spring of 1998, the number of national cable video networks had grown to 171.
Enactment of the Telecommunications Act of 1996 once again dramatically altered the regulatory and public policy landscape for telecommunications services, spurring new competition and greater choice for consumers. It also spurred major new investment, with America’s then-largest telecommunications colossus, AT&T, entering the business in 1998, though exiting four years later (see below). Almost simultaneously, Paul Allen, a founder of Microsoft, began acquiring his own stable of cable properties.
In 2001, partly in response to those demands, AT&T agreed to fold its cable systems with those of Comcast Corp., creating the largest ever cable operator with more than 22 million customers.
More than 2 million customers were using cable for their phone connections by mid 2002.
In 2002 Comcast purchased AT&T Broadband, at the time the largest cable television operator in the United States, for $44.5 billion.
Talks to resolve issues related to “two-way” digital television sets began in 2003 and continue.
An NCTA survey of the top 10 MSOs showed that by September 1 of 2004, 700 CableCARDs were installed.
One year later, at the end of 2005, NCTA estimated that number had reached 100,000.
Results at the end of the Third Quarter of 2005 provide ample evidence of the growth potential of cable’s new position as a broadband provider.
Comcast Digital Voice, launched in 2005, provides customers with telephone service plus the ability to listen to voice mail online and forward voice mails via e-mail.
At the start of 2006, cable companies counted a total of about 5 million telephone customers, representing VoIP customers and customers for traditional circuit switched telephone service.
Four years later it was announced that Comcast had agreed to acquire 51 percent of NBCUniversal from General Electric Co. (GE); the deal was completed in January 2011.
By 2020 more than 120 million households in the United States had broadband Internet.
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American Cable & Telephone competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| SRI Telecom | 1998 | $6.3M | 123 | 8 |
| TriWire Engineering Solutions | 1999 | $240.0M | 800 | 6 |
| OC Communications | 1987 | $240.0M | 650 | - |
| CUI | 1989 | $650,000 | 50 | - |
| BAKER INSTALLATIONS | 1976 | $1.8M | 50 | - |
| CTIS | - | $66.0M | 50 | 7 |
American Cable & Telephone history FAQs
Zippia gives an in-depth look into the details of American Cable & Telephone, including salaries, political affiliations, employee data, and more, in order to inform job seekers about American Cable & Telephone. The employee data is based on information from people who have self-reported their past or current employments at American Cable & Telephone. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by American Cable & Telephone. The data presented on this page does not represent the view of American Cable & Telephone and its employees or that of Zippia.
American Cable & Telephone may also be known as or be related to American Cable & Telephone and American Cable and Telephone.