Comcast, Charter reportedly hit deal on joint wireless efforts

Comcast, Charter reportedly hit deal on joint wireless efforts

Comcast Corporation and Charter Communications have reportedly hit an operational deal to work in partnership on certain wireless communications plans.

On the condition of anonymity, a source revealed that under the newly signed deal Comcast and Charter will only sell wireless services to their respective customers.

In addition, the two companies hit an agreement to only work together to approach any of the key wireless firms about mobile virtual network operator (MVNO) deals. They also agreed not to enter into any material transaction without each other’s consent.

The terms of the deal suggests that Charter would not be able to immediately tying up with Verizon Communications Inc. Previously, some reports had been suggesting that Charter could tie up with Verizon to cut costs.

A formal announcement about the reported Comcast-Charter deal has not yet been made. Representatives for the two companies declined to comment.

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