Comcast and Charter to announce wireless partnership on Monday: source
Comcast Corp and Charter Communications Inc will announce a wireless partnership as soon as Monday, according to a source familiar with the matter. The deal will bar either company from entering into a material transaction for a year without the other company’s consent, the source said, which would prevent Charter from immediately tying up with Verizon Communications Inc. The agreement will allow the companies to cut costs and share technology expertise, the source added, asking not to be named because the matter is private. The partnership is aimed at cutting the significant costs of entering the wireless market, as well as speeding up entry.
