Comcast And Charter Are Working Together On A Wireless Offering

CNN/Stylemagazine.com Newswire | 5/8/2017, 2:25 p.m.
Today, the companies each buy data allotments in bulk from Verizon and resell them as wireless plans under their own …

NEW YORK (CNNMoney) -- Comcast and Charter, the nation's to largest cable companies, have agreed to work together to enter the ultra-competitive wireless business.

Today, the companies each buy data allotments in bulk from Verizon and resell them as wireless plans under their own brands. In the future, Comcast and Charter say they will work on wireless together, including similar reseller agreements or even developing their own wireless technology to sell directly to their customers.

They also will not make deals with currently wireless providers without the agreement and possible cooperation of the other for at least a year.

Each company, which competes with Verizon on cable and internet service, has an interest in stemming the tide of cord cutting. One way to do that: get a foothold in the booming world of wireless.

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