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
Pep cools Sanchez links as he admits liking for another Arsenal man
Arsenal could lose four of their opening six away matches of a top-flight season for the first time since 1981. It has been an odd season for Arsenal so far, but that isn't really particularly surprising for the fans.

06 November 2017
Chesapeake Utilities Corporation (NYSE:CPK) Position Increased by Dimensional Fund Advisors LP
Victory Capital Management Inc. increased its stake in shares of Chesapeake Utilities Corporation by 36.7% in the first quarter. Chesapeake Energy Corp (NYSE:CHK) shares traded 2.19% up during most recent session to reach at the closing price of $3.74.

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
Final Fantasy XV Multiplayer Expansion Has a New Release Date
Comrades is a multiplayer expansion for the game that also features story elements and offline campaign for the players. We'll likely get an official announcement from the West sometime soon, so keep an eye out for that.

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
ATA Urges Swift Passage of Tax Cuts and Jobs Act
Cuomo went further, alleging that Republicans want to punish residents of Democratic states. "This is no way to make tax policy", he said.

06 November 2017
Lorry Driver Caught Checking Phone While Resting Foot On Dashboard
Other offences included driving over the speed limit, not using a seat belt and not being in control of the vehicle. In Surrey, Highways England reveal one driver was calling his new girlfriend "because our song came on".

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
Kangana Ranaut may essay Arunima Sinha in biopic after completing Manikarnika
Arunima is not only first Indian amputee but also the first female amputee in the world to climb Mount Everest. The actress has been approached to play the first ever woman amputee to scale the Mount Everest.

06 November 2017
Toys R Us Thanksgiving tradition: 5 pm store openings
Since filing for bankruptcy protection in September, however, Toys "R" Us has an additional reason to remain open. This is the fifth consecutive year that the Wayne-based retailer has opened at 5 p.m. on Thanksgiving.