Comcast Corp and Charter Communications, “the No. 1 and 2 cable providers, will share information about wireless phone services each plans to introduce within their markets, and negotiate together with phone, equipment, and service providers, a person close to the situation says,” reports our good friend David Lieberman at Deadline.com, in a story first reported by the Wall St. Journal (WSJ).
Says the WSJ, “As part of the deal, Comcast and Charter have agreed not to make a material merger or acquisition in wireless without the other’s consent for one year, one of the people [familiar with the deal] said.”
The WSJ story, by Dana Mattioli and Shalini Romachandran, continues, “That agreement could stoke Wall Street speculation among investors and analysts that the two largest U.S. cable companies together could decide to make a play for a carrier like T-Mobile US Inc. or Sprint Corp. Neither company as a single entity could buy another wireless carrier for that time period as a result of that agreement without the other’s blessing or involvement, the person said.”
Notes Lieberman, “Both companies say that they would benefit by adding wireless to their current triple play offerings with video, internet, and wired phone.”
The deal is expected to be formally announced on Monday, the accounts say.
To read more details about this item please click here, which will take you to David Lieberman’s story for Deadline.com, or here, which will take you to the WSJ piece [please note that the WSJ is behind a pay firewall and may charge you to read its story].