Sprint (NYSE: S) and Altice USA (NYSE: ATUS) have announced a new multi-year strategic agreement, the companies said.
Under the terms of the agreement Altice USA will utilize Sprint´s network to provide mobile voice and data services to its customers throughout the nation, and Sprint will leverage the Altice USA broadband platform to accelerate the densification of its network.
In this first of its kind agreement, Sprint will provide Altice USA with access to its full MVNO model, allowing Altice USA to connect its network to the Sprint Nationwide network and have control over the Altice USA mobile features, functionality, and customer experience. In exchange, Altice USA will leverage its network to support Sprint´s network densification efforts and establish a differentiated network operating model going forward.
Altice USA is one of the nation´s largest broadband communications and video service providers, providing internet, TV, WiFi and phone products under its Optimum and Suddenlink brands. The company is currently building a next-generation fiber-to-the-home network and is the only major US cable provider to have announced a large-scale fiber deployment.
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 54 million connections as of Sept. 30, 2017 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the past five years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
Founded in 2001, Altice is a convergent global provider of telecoms, content, media, entertainment and advertising that delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its more than 50 million customers over fiber networks and mobile broadband.