Comcast and Charter Announce Mobile Operating Platform Partnership
April 20 2018 - 11:09AM
Business Wire
Collaboration Focused on Developing
Best-in-Class Systems and Software to Drive Xfinity Mobile and
Charter’s Spectrum Mobile Service
Comcast 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 Mobile service.
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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, 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
Business 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 companies.
About Comcast
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.
About Charter
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) for a description of such risks and
uncertainties. Neither Charter nor Comcast undertakes any
obligation to update any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180420005511/en/
ComcastMediaJennifer Khoury,
215-286-7408Jennifer_Khoury@comcast.comorInvestorsJason Armstrong,
215-286-7972jason_armstrong@comcast.comorJane Kearns,
215-286-4794Jane_kearns@comcast.comorCharterMediaJustin
Venech, 203-905-7818Justin.Venech@charter.comorInvestorsStefan
Anninger, 203-905-7955Stefan.Anninger@charter.com
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