Sprint, Altice USA Announce Strategic MVNO Agreement
OVERLAND PARK, Kan. and NEW YORK, NY -- Sprint (NYSE: S) and Altice USA (NYSE: ATUS) today announced a new multi-year strategic agreement. Under the terms of the agreement Altice USA will utilize Sprint’s network to provide mobile voice and data services to its customers throughout the nation, and Sprint will leverage the Altice USA broadband platform to accelerate the densification of its network.
In this first of its kind agreement, Sprint will provide Altice USA with access to its full MVNO model, allowing Altice USA to connect its network to the Sprint Nationwide network and have control over the Altice USA mobile features, functionality, and customer experience. In exchange, Altice USA will leverage its network to support Sprint’s network densification efforts and establish a differentiated network operating model going forward.
“We are incredibly excited to work with Altice USA on this innovative win-win solution that benefits both of our companies,” said Sprint President & CEO Marcelo Claure. “As content and connectivity continue to converge, we believe this approach will be a model for future strategic arrangements across multiple industries including cable, tech and others.”
Claure continued, “Sprint has more spectrum and capacity than any other carrier in the U.S. This is a tremendous advantage, allowing Altice USA customers to experience our best-ever network that offers the speed, capacity and reliability that customers demand in this data-driven world. This agreement also gives us a unique opportunity to accelerate the work we are doing to massively densify our network across Altice’s U.S. footprint.”
“Sprint is an ideal strategic partner for Altice USA given our shared vision around converged customer experiences,” said Altice USA Chairman & CEO Dexter Goei. “Altice is a convergent leader with more than 26 million mobile customers in countries including France, Portugal, Israel, and the Dominican Republic, and we are excited to bring our global expertise to the U.S. to enhance and strengthen our offerings. Working together we will be able to capitalize on Sprint’s vast mobile network, which fits well alongside Altice USA’s deep WiFi network, and leverage Altice’s global mobile experience to deliver greater value, more benefits and seamless connectivity for our U.S. customers.”
Sprint Corp. (NYSE: S)