Deals
Altice Jumps Into U.S. Wireless Business in Deal With Sprint
- Agreement lets Altice offer cell service via Sprint’s network
- Sprint gains access to Altice’s broadband to bolster service
Sprint Shares, Bonds Plunge as T-Mobile Deal Collapses
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Altice USA struck a deal with Sprint Corp. that will allow the cable operator to sell wireless service using Sprint’s network.
As part of the agreement, Sprint will use Altice’s broadband infrastructure to strengthen its nationwide wireless network, according to a statement from both companies that didn’t disclose financial terms. Talks between Sprint’s majority owner, SoftBank Group Corp., to combine the carrier with T-Mobile US Inc. collapsed over the weekend after months of negotiations.