Now that the broadband downturn is over and service providers of all stripes seem to be beefing up their networks, it’s time for the infrastructure survivors to reap the rewards. The latest winner of a bankable vote-of-confidence is cable infrastructure provider Vyyo, which announced Wednesday a $35 million cash infusion from existing investor Goldman, Sachs.
The dough, which Vyyo said will be used to both beef up its spectrum-overlay offering for cable providers (technology that gives cable networks big boosts in both upstream and downstream bandwidth, according to Vyyo) as well as pay off past debt, follows on the Monday announcement of a new CEO and new vice chairman, both with industry roots as deep as buried coax.
The cable guys over at Light Reading note that analysts are bullish on Vyyo these days, and are watching for a big deal with a U.S. carrier to be announced soon. With more money in the bank and new execs on board, looks like Vyyo is ready for a new lease on life.
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1:57 PM PT
[...] according to an SEC filing. The sad turn of events for the company comes a year after it received a big cash infusion — $35 million — from Goldman Sachs. It now has a market capitalization of around $3 [...]
6:57 AM PT
[...] according to an SEC filing. The sad turn of events for the company comes a year after it received a big cash infusion — million — from Goldman Sachs. It now has a market capitalization of around million [...]
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