Friday, September 21, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
3DMark Adds Ray tracing Benchmark
Adobe to Acquire Marketo for $4.75 Billion
PlayStation Now Adds Downloading of PS4, PS2 Games
U.S. Music Industry Dominated by Streaming
Amazon Announces New Echo Devices, New Alexa Features
AR Headset Prevalence is Still a Few Years Out
Alibaba and Intel Cloud Deliver Joint Computing Platform for AI Inference at the Edge
GoPro Launches New Hero 7 Black, Silver and White Cameras
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > SoftBan...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 06, 2017
SoftBank's Sprint Partners With Cable TV Company Altice

Altice USA has struck a deal with Sprint that will allow the cable operator to sell wireless service using Sprint's network. SoftBank Group, Sprint's parent, also plans to raise its stake.

As part of the agreement, Sprint will use Altice's broadband infrastructure to strengthen its nationwide wireless network, according to a statement from both companies that didn't disclose financial terms. Talks between Sprint's majority owner, SoftBank Group Corp., to combine the carrier with T-Mobile US Inc. collapsed over the weekend after months of negotiations.

The deal between Altice and Sprint marks the latest example of a U.S. cable operator entering the wireless business to compete with giants like Verizon Communications Inc. and AT&T Inc. Comcast Corp., the nation's largest cable operator, recently started selling cellular service using Verizon's network. Charter Communications Inc., the No. 2 cable operator, plans to enter the wireless business next year.

"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 Chief Executive Officer Marcelo Claure said in the statement. He had said in May that the company was working on a mobile virtual network operator pilot program with a partner he didn't name.

Altice has 4.9 million customers, including many around the New York City suburbs. It acquired Cablevision last year to become the fourth-biggest U.S. cable operator. Altice hasn't determined yet when it will enter the wireless market.

SoftBank, meanwhile, intends to increase its stake through the market, subject to favorable conditions. The Japanese information technology group currently holds 83% of Sprint and has said it will keep its ownership of outstanding shares below 85%.

The T-Mobile merger talks hit a dead end over the weekend. Representatives from both carriers' parents met in Tokyo but could not come to terms, with each side demanding control of the merged entity.

When SoftBank completed Sprint's acquisition in 2013, the U.S. carrier was ranked No. 3. But T-Mobile has racked up new subscribers and nudged Sprint into fourth place.

ITC Launches Probe into Samsung's Chipmaking Patent        All News        Mid-range LG X401 smartphone Has a Wide-angle Front Camera
Huawei, Oppo and Vivo Continue to Lead the China Smartphone Market     Mobiles News      Mid-range LG X401 smartphone Has a Wide-angle Front Camera

Get RSS feed Easy Print E-Mail this Message

Related News
FCC Needs More Time to Decide on Sprint - T-Mobile Merger
SoftBank to Inject $2 Billion to Altaba
Verizon, Sprint, AT&T and T-Mobile To Stop Sharing Cell Phone Location Data
SoftBank-owned Arm Takes Over Joint Venture's Operations in China
T-Mobile Agrees to Buy Sprint For $26 Billion
T-Mobile Closer to Sprint
SoftBank Becomes Uber's Largest Shareholder
SoftBank Consortium Buys Stake in Uber
Sprint to Offer Free Hulu Service
Uber Board Approves SoftBank's $10 billion Investment
T-Mobile and Sprint End Merger Discussions
Sprint, T-Mobile Merger Talks Stopped: report

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .