Cable & Pay TV Companies
Broadband services: the Great Wide HopeBroadband services over cable and satellite might be called the Great Wide Hope. Interactive television, video-on-demand, distance learning, high-speed Internet and digital telephone service are among the services coming soon through cable and satellites. Since passage of the Telecommunications Act of 1996 intended to promote competition and investment in the telecom market the cable industry has spent more than $45 billion for upgrades that make delivery of advanced, two-way services possible. The industry currently serves more than 10 million digital cable customers, 4 million cable modem customers and 1 million cable phone customers.
Among cables fiercest competitors are the satellite broadcasters such as EchoStar Communications Dish Network and wild card DirecTV. If General Motors succeeds in spinning off its Hughes subsidiary, DirecTV could part ways with parent Hughes and join Rupert Murdochs British Sky Broadcasting satellite business to create a dominant position worldwide.