Economy

Altice USA to sell Sprint's mobile service

Altice USA to sell Sprint's mobile serviceā€

The announcement came just one day after Sprint and T-Mobile said they had called off merger talks, ending months of speculation that the nation's two smallest major wireless network operators would join forces.

Altice USA, the fourth-biggest US cable operator, will harness Sprint's network to offer customers wireless service through a new strategic MVNO agreement.

Altice, the fourth-largest US cable company, will begin selling mobile service via Sprint's CDMA network - similar to Virgin Mobile and Boost Mobile.

Sprint is the fourth-largest mobile carrier in the United States after AT&T, Verizon and T-Mobile.

Comcast Corp, the largest cable operator in the USA, recently began selling cellular service through Verizon's network.

Altice is the latest USA cable operator to try its hand at the wireless business. Sprint also made note that its open to other MVNO deals with cable companies, if those deals give Sprint access to their networks.

"As content and connectivity continue to converge, we believe this approach will be a model for future strategic arrangements across multiple industries including cable, tech and others", Sprint CEO Marcelo Claure said in a statement. Partnering with Altice should enable Sprint to leverage that spectrum more quickly while minimizing spending on its network. Nationally, Altice has almost 5 million customers.

The companies announced the partnership Sunday. Comcast's Xfinity Mobile wireless service debuted earlier this year and has about 200,000 customers so far, while Charter is slated to launch its own wireless service utilizing Verizon's network in the second quarter of 2018.

The agreement makes good sense, as the amount of required capital is limited and Altice USA has wanted to keep its mergers and acquisitions firepower for its cable operations, said another Wall Street analyst. Altice NV, which Patrick Drahi leads, offers cellular services in many countries including Israel, France and Portugal, and is the parent of Altice.



Like this

Latest


07 November 2017
The Steel Dynamics Inc
The Company's divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations. The hedge funds in our partner's database now own: 194.51 million shares, down from 197.31 million shares in 2017Q1.

07 November 2017
NHPD Seeks Bank Robbery Suspect
Hartman described the robber as "a medium complexioned black man standing six feet or taller with a stocky build". He was wearing a plaid shirt, dark jeans, white sneakers and a baseball cap with dollar signs on the front.

07 November 2017
Injustice 2 PC Release Date Announced, Open Beta Now Available
Players will also be able to play with a large roster of classic DC heroes like Batman, Wonder Woman, Superman, and Harley Quinn. While an open beta was supposed to begin in October, it was delayed soon after the announcement without disclosing a new date.

07 November 2017
Pa. Man Arrested At BWI Airport With Loaded Handgun
Passengers are allowed to travel with firearms in checked baggage as long as they are property packaged and declared. He was arrested by Maryland Transportation Authority Police on weapons charges.

07 November 2017
Apple chose Jersey as new offshore tax haven after Ireland crackdown
Apple CEO Tim Cook has called the ruling "total political crap" and says there's "no reason for it in fact or in law". Until 2014 it had been exploiting a financial loophole in the United States and Ireland known as the "double Irish" .

07 November 2017
Duterte, Trump to meet in Vietnam
The Government said more than 40,000 hectares of crops had been damaged, including sugar cane, rice fields and rubber plantations. Numerous banners and posters for the Asia-Pacific Economic Co-operation summit in Danang were damaged, but were fixed by Monday.

07 November 2017
Anthony Martial backs himself for more starts at Manchester United
But despite some impressive performances for United, Martial remains self-critical in his desire to improve his game. There's no doubt that Martial and Rashford are two of the most talented prospects in Europe.

07 November 2017
Weather for the week
It will also be a sunny and relatively warm Veteran's Day with a high near 55 and mostly sunny skies. Friday and Saturday will see the coldest temperatures, forecasters believe.

07 November 2017
The Insider Selling: Lincoln National Corp. (LNC) Director Sold $664170.48 in Stock
Trust Co. of Vermont purchased a new position in shares of Lincoln National during the 2nd quarter valued at about $101,000. Janus Capital Management LLC increased its position in Lincoln National Corporation by 3,586.0% during the first quarter.

07 November 2017
WENTWORTH MILLER Exits FLASH & DC'S LEGENDS OF TOMORROW
Airing Tuesdays on The CW, The Flash stars Grant Gustin, Candice Patton, Jesse L. Martin, Tom Cavanagh, Carlos Valdes, Danielle Panabaker and Keiynan Lonsdale.



Recommended