Comcast and Charter, both regional cable operators, have agreed to explore potential opportunities for operational cooperation in their respective wireless businesses to accelerate and enhance each company´s ability to participate in the national wireless marketplace, the companies said.
The companies, which have each separately activated a mobile virtual network operator (“MVNO”) reseller agreement with Verizon Wireless, have agreed to explore working together in a number of potential operational areas in the wireless space, including: creating common operating platforms; technical standards development and harmonization; device forward and reverse logistics; and emerging wireless technology platforms.
The efficiencies created are expected to provide more choice, innovative products and competitive prices for customers in each of their respective footprints. Additionally, the companies have agreed to work only together with respect to national mobile network operators, through potential commercial arrangements, including MVNOs and other material transactions in the wireless industry, for a period of one year.
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation´s largest video, high-speed internet, and phone providers to residential customers under the XFINITY brand, and also provides these services to businesses.
Charter (NASDAQ: CHTR) is a broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV video entertainment programming, Spectrum Internet access, and Spectrum Voice.