Cox Communications plans to use Vyyo’s passive 3-gigahertz spectrum-overlay equipment in new network builds and in its existing coax networks to provide business services, Vyyo said Monday.
Cox has placed initial orders for 3-GHz passive equipment from “multiple Cox systems,” according to Vyyo. Financial details of the deal were not disclosed.
Vyyo’s spectrum-overlay system is supposed to let operators provide at least four times the bandwidth using existing coax plant -- for about 10% the cost of building fiber-to-the-premises network, the company claims.
Vyyo is hoping customer wins with the likes of Cox will help pull it out of the red: For the year ended Dec. 31, 2006, the company had $8 million in sales and a net loss of $29.4 million ($1.69 per share), Vyyo reported in a separate release Monday.
In another part of its turnaround strategy, Vyyo last week announced that it had hired Wayne Davis -- former chief technology officer at Charter Communications -- as CEO, and appointed Jim Chiddix, ex-CTO at Time Warner Cable, as vice chairman. It also said it received $35 million in financing from Goldman Sachs, of which $17.5 million will be available as new funding and $17.5 million will pay off notes issued to Goldman in 2006.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.