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Potential suitors include NTL Inc., a telecommunications and cable television company that last year acquired Cable and Wireless's consumer phone, cable television and Internet business, and Terra Networks, the Internet unit of Telefonica of Spain, which recently bought the Internet portal site Lycos.
Loans to telecommunications and cable companies accounted for about three-quarters of the total increase.
Arguss Communications, based in Rockville, Md., provides system services to telecommunications and cable companies.
Many of those problem loans were related to the telecommunications and cable industries, the bank said.
American banks are saddled with the most bad debt in a decade as telecommunications and cable companies struggle.
The decline in the telecommunications and cable industries also hurt the company's investment portfolio, known as JPMorgan Partners.
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This program offers coverage against claims resulting from such things as the failure of telecommunications and cable-television services.
Microsoft reported quarterly profits yesterday that surpassed Wall Street's expectations -- ignoring, as most securities analysts do, a big charge for bad investments in telecommunications and cable-television companies.
The big software maker's reported net profits were hit by a $1.24 billion after-tax charge to account for the drastically reduced market value of Microsoft's investments in telecommunications and cable-television companies.
And, instead of investigations, we have this: On January 9th 2017, a letter was filed with the FCC by the MA Department of Telecommunications and Cable and the MA Broadband Institute and it begs the FCC for federal government funding from the Connect America Fund.
I contact the city's Telecommunications and Cable Franchise office.
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