|[April 20, 2018]
Comcast and Charter Announce Mobile Operating Platform Partnership
Comcast (News - Alert) and Charter today announced that the two companies have formed a
50/50 operating platform partnership focused on the development and
design of backend systems that support Comcast's Xfinity Mobile and
Charter's Spectrum (News - Alert) Mobile service.
This press release features multimedia. View the full release here:
Comcast and Charter announced they have formed an operating platform partnership focused on developing the backend systems to support Comcast's Xfinity Mobile and Charter's Spectrum Mobile.
The new partnership is the result of the continuing collaboration
between Comcast and Charter in the mobile space, as each company
continues to develop their respective mobile brands, products, and
services. Through the agreement, Charter and Comcast will work together
to cost-effectively develop an efficient and scalable software platform,
and related backend systems, which will power each company's
mobile-related customer sales and support platforms, device logistics
and warehousing, and billing. The operating platform developed by the
partnership will serve as the systems interface for current and any
future MVNO (mobile virtual network operator) partners.
Danny Bowman (News - Alert), Chief Mobile Officer for Charter, said, "Our new
partnership will enable us to drive faster and more cost-effective
mobile product and service enhancements and provide innovative and
affordable mobile service to our customers. We are excited about the
launch of Spectrum Mobile in the coming months."
"We have built a best-in-class mobile platform for Xfinity Mobile that
is resonating with customers," said Sam Schwartz, Chief Buiness
Development Officer for Comcast. "By collaborating with Charter, we will
help drive operational and cost efficiencies for both companies."
The partnership will leverage elements of the operating platform that
Comcast initially developed for Xfinity Mobile, which Charter has
modified for its upcoming mobile product and service platform launch.
Charter will initially fund the joint venture to reflect certain
development costs that Comcast has already made in mobile-related
platforms and technology. Thereafter, the partners will equally fund the
operations of the partnership.
Each company will continue to maintain their own relationships with
device manufacturers. In addition, all customer-facing activities
including customer service, marketing, sales, pricing and packaging will
be handled individually by Charter and Comcast.
The partnership will be governed by a four-person board of directors,
with two directors representing each of Comcast and Charter. The
partnership will be based in Philadelphia and will utilize Comcast
employees to support the development of the platform on behalf of both
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology
company with two primary businesses, Comcast Cable and NBCUniversal.
Comcast Cable is one of the nation's largest video, high-speed internet,
and phone providers to residential customers under the XFINITY brand,
and also provides these services to businesses. It also provides
wireless and security and automation services to residential customers
under the XFINITY brand. NBCUniversal operates news, entertainment and
sports cable networks, the NBC and Telemundo broadcast networks,
television production operations, television station groups, Universal
Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com
for more information.
Charter (NASDAQ: CHTR) is a leading broadband communications company and
the second largest cable operator in the United States. Charter provides
a full range of advanced broadband services, including Spectrum TVTM
video entertainment programming, Spectrum InternetTM access,
and Spectrum VoiceTM. Spectrum BusinessTM
similarly provides scalable, tailored, and cost-effective broadband
communications solutions to business organizations, such as
business-to-business Internet access, data networking, business
telephone, video and music entertainment services, and wireless
backhaul. Charter's advertising sales and production services are sold
under the Spectrum ReachTM brand. More information about
Charter can be found at www.charter.com.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements. Readers are
cautioned that such forward-looking statements involve risks and
uncertainties that could cause actual events or our actual results to
differ materially from those expressed in any such forward-looking
statements. Readers are directed to Charter and Comcast's periodic and
other reports filed with the Securities and Exchange Commission (SEC (News - Alert))
for a description of such risks and uncertainties. Neither Charter nor
Comcast undertakes any obligation to update any forward-looking
View source version on businesswire.com: https://www.businesswire.com/news/home/20180420005511/en/
[ Back to the Next Generation Communications Community's Homepage ]