Comcast and Charter have announced that the two companies have formed a 50/50 operating platform partnership focused on the development and design of backend systems that support Comcast´s Xfinity Mobile and Charter´s Spectrum Mobile service, the company said.
The new partnership is the result of the continuing collaboration between Comcast and Charter in the mobile space, as each company continues to develop their respective mobile brands, products, and services.
Through the agreement, Charter and Comcast will work together to cost-effectively develop an efficient and scalable software platform, and related backend systems, which will power each company´s mobile-related customer sales and support platforms, device logistics and warehousing, and billing. The operating platform developed by the partnership will serve as the systems interface for current and any future MVNO (mobile virtual network operator) partners.
The partnership will leverage elements of the operating platform that Comcast initially developed for Xfinity Mobile, which Charter has modified for its upcoming mobile product and service platform launch. Charter will initially fund the joint venture to reflect certain development costs that Comcast has already made in mobile-related platforms and technology. Thereafter, the partners will equally fund the operations of the partnership.
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Visit www.comcastcorporation.com for more information.
Charter (NASDAQ: CHTR) is a broadband communications company and the second largest cable operator in the United States. More information about Charter can be found at www.charter.com.