Multiband Corporation and its subsidiaries engage in the provision of voice, data, and video services to multi-dwelling unit and single family home customers in the United States. The company operates in two segments, Home Service Provider (HSP) and Multi-Dwelling Unit (MDU).
The HSP segment engages in the installation and servicing of DIRECTV video programming, Internet, and home security systems for the residents of single family homes.
Home Service Provider (HSP Segment)
The Company, through its HSP segment, receives net cash payments for the installation and service of DIRECTV video programming for residents of single-family homes.These video subscribers are billed by DIRECTV. The HSP segment functions as a fulfillment arm for DIRECTV.As a result, Multiband generally does not directly compete with other providers for DIRECTV’s business.Although DIRECTV competes with DISH, the other leading satellite television provider and incumbent providers of phone and telephone services for pay television customers, DIRECTV has its own marketing and competitive programs of which the Company is merely an indirect and passive recipient.
Multi-Dwelling Unit (MDU Segment)
The MDU segment serves as a master service operator for DIRECTV, a provider of satellite television service. This segment offers satellite television services to residents of multi-dwelling units through a network of affiliated operators. As of March 15, 2010, Multiband Corporation had approximately 120,000 owned and managed subscriptions. The company was formerly known as Vicom, Incorporated and changed its name to Multiband Corporation in July 2004. Multiband Corporation was founded in 1975 and is based in New Hope, Minnesota.
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