Click to read the full issue of The Daily Friday–December 02, 2022
With the Federal Reserve expected to continue to raise interest rates to get a handle on inflation, there’s concern that the increasing rates will threaten access to capital and discourage M&A in the broadband and telecom sector. Read More
CommScope is building assumptions of a moderate recession into its 2023 outlooks, but it’s confident it will be largely insulated from any impacts of an economic downturn. While leadership doesn’t believe CommScope will be by any means immune to the effects of issues like increasing inflation, the belief is that telecommunications infrastructure is more insulated than other segments. Read More
Evoca TV announced late Wednesday it would shut down on Dec. 31 if it doesn’t raise additional capital, but don’t mourn the service quite yet. CEO Todd Achilles told CFX Thursday that the ATSC 3.0-based service has received an outpouring of support from subscribers and investors alike, and it is already well on its way to raising the funding it needs to go on. Read More
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