Sprint Corp (NYSE:S) and Altice USA Inc (NYSE:ATUS) reported a new multi-year strategic deal. Under the terms of the deal, Altice USA will use Sprint’s network to offer data and mobile voice services to its consumers throughout the nation. Sprint will use the Altice USA broadband platform to support the densification of its network.
The details
In this first of its kind deal, Sprint will offer Altice USA with access to its comprehensive MVNO model, enabling Altice USA to link its network to the Sprint’s countrywide network and have say over the Altice USA mobile capabilities, customer experience and functionality. In exchange, Altice USA will use its network to boost Sprint’s network densification initiatives and establish a distinct network operating model in the coming period.
Marcelo Claure, the CEO and President of Sprint, expressed that they are incredibly delighted to associate with Altice USA on this unique win-win solution that assists both of their firms. As connectivity and content continue to converge, they consider this approach will be a prototype for imminent strategic arrangements across several industries including tech, cable and others.
Claure continued that Sprint has more capacity and spectrum compared to any other carrier in the United States. This is a remarkable benefit, enabling Altice USA consumers to experience their best-ever network that provides the capacity, reliability and speed that consumers demand in this data-led world. This agreement also provides them a unique prospect to accelerate the work they are doing to tremendously densify their network across Altice’s footprint in the United States.
Dexter Goei, the CEO and Chairman of Altice USA, expressed that Sprint is an ideal strategic associate for Altice USA provided their shared vision around converged consumer experiences. Altice is a convergent pioneer with over 26 million mobile consumers in nations including Portugal, Israel, France and the Dominican Republic, and they are thrilled to bring their international expertise to the United States to strengthen and enhance company’s offerings.
