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Comcast, Charter Join to Take on AT&T, Verizon in Wireless

  • Cable giants will collaborate to negotiate better contracts
  • Companies to work only with each other on new wireless deals
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Comcast Corp. and Charter Communications Inc., the two largest U.S. cable operators, agreed to work together in the wireless business to compete nationwide with giants like AT&T Inc. and Verizon Communications Inc.

Collaboration will allow the companies to speed their entry into mobile, according to a statement Monday. Comcast and Charter already have deals that let them re-sell wireless service using Verizon’s network in their respective territories. The two also agreed that if they want to strike a deal with a wireless provider other than Verizon or buy a wireless company in the next year, they’ll do so together.