Altice agreement 'not contingent' on T-Mobile talks failing: Sprint CFO

Altice agreement 'not contingent' on T-Mobile talks failing: Sprint CFO”

Under the agreement, Altice will provide mobile voice and data service to US customers and Sprint will leverage Altice's broadband platform to upgrade its network, the company said.

Sprint Corp's (S.N) wireless partnership with Altice USA (ATUS.N) was not contingent on merger talks with T-Mobile US Inc (TMUS.O) failing, the chief financial officer of the No. 4 U.S. wireless carrier said on Monday. Both Comcast and Charter have MVNO agreements in place with Verizon, and Comcast has already launched its Xfinity Mobile offering.

Besides a nice check from Altice for using its network, Sprint will also get help in "densifying" its network from the cable company. The agreement will also allow Sprint to use the Altice cable infrastructure to send cellular data and to develop its 5G network.

US cable company Altice has jumped into the mobile telecommunications industry by partnering with Sprint, on the heels of the phone company's stalled merger with T-Mobile.

In a separate announcement, Sprint majority owner SoftBank announced it would increase its stake in the mobile network. According to the Wall Street Journal and other outlets, Sprint's controlling shareholder SoftBank has been in discussions with T-Mobile owner Deutsche Telecom to salvage a possible merger deal.

Without the T-Mobile deal, Sprint will have to work on deals like this if it hopes to ever catch up to AT&T and Verizon in terms of network quality and subscribers.

Sprint's 2.5 GHz airwaves are highly prized for their ability to transmit large amounts of data quickly, but because they don't propagate as well as lower bands, they require a highly densified network. "In exchange, Altice USA will leverage its network to support Sprint's network densification efforts and establish a differentiated network operating model going forward".

Like this


06 November 2017
The Edison International (EIX) Insider Sold $2643168.40 in Stock
The New Jersey-based Tradition Management Lc has invested 0.14% in AFLAC Incorporated (NYSE:AFL). (NYSE:MRK) for 785,719 shares. After $0.85 actual EPS reported by Edison International for the previous quarter, Wall Street now forecasts 52.94% EPS growth.

06 November 2017
Mantashe takes aim at Ramaphosa, says he's not impressed with slate announcements
His successor will be the ANC's presidential candidate in 2019, when Zuma will step down as head of state. He also vowed to respect the will and choices of leadership as expressed by branches of the party.

06 November 2017
Michael Emenalo quits Chelsea in major blow to Roman Abramovich
Emenalo was appointed as technical director in 2011 having been a chief scout and an assistant first-team coach. Michael Emenalo has stepped down as Chelsea's technical director.

06 November 2017
Mugabe fires VP Mnangagwa, Zim information minister confirms
In August 2017, Mnangagwa fell ill at a political rally led by President Mugabe and had to be airlifted to South Africa. This story will be updated as more details emerge .

06 November 2017
Italian Services Growth Lowest in a Year in October-PMI
The expansion in activity was widespread across sub-sectors and new business continued to grew sharply in October. The index has held above the 50 line separating contraction from growth in every month since October 2013.

06 November 2017
Ezekiel Elliott's lawyers open to settlement but National Football League says it's 'not interested'
The NFL planned to enforce Elliott's suspension beginning Sunday until Friday's intervention by the appeals court. District Court Judge Katherine Polk Failla denied Elliott an injunction after a status hearing in NY on Monday.

06 November 2017
Zidane happy for Real Madrid to snap losing run: That's our game
Cristiano goes home annoyed when he doesn't score, but we're not anxious ", said captain Sergio Ramos . "The goals will come". Karim is more generous in that sense. "The important thing is the work that they do and the chances we create.

06 November 2017
Trump's push for fossil fuels overshadows Bonn climate talks
On Monday, the U.N.'s World Meteorological Organization will issue a report about where 2017 ranks on a list of the hottest years. He didn't refer directly to the Trump administration's position, but appeared to play off Trump's "America first" slogan.

06 November 2017
UK's Theresa May calls for 'culture of respect' after sexual abuse scandal
The activist told the BBC's Victoria Derbyshire programme: "I was raped by someone senior to me in the Conservative Party". Amanda said when the man left her house the next day she was at the police station within an hour and reported the crime.

06 November 2017
Honor 7X coming to India in December with dual cameras: Specs, features
Having said that, Honor 7X runs Android 7.0 Nougat out of the box with the company's custom EmotionUI (EMUI) 5.1 flavour on top. The phone's "FullView" display will cover nearly the entire front of the phone with minimal bezels just like Honor 9i .