Sprint has announced a new partnership with Altice in the wake of the wireless carrier's latest failed T-Mobile merger attempt. According to a new joint announcement by the companies, Sprint will provide cellular connectiivty to a new MVNO operated by Altice, allowing the cable company to offer bundled wireless services to the company's Optimum and Suddenlink customers.
The move comes as Sprint is desperate to keep its stock from nosediving in the wake of its failed merger talks with T-Mobile.
"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," states the announcement. "In exchange, Altice USA will leverage its network to support Sprint’s network densification efforts and establish a differentiated network operating model going forward."
Neither company was able to state when the MVNO would be launching, or just what pricing and bundle discounts would look like. Altice has been hinting at entering the wireless sector for some time, but had hinted it wanted to focus on expanding via cable acquisitions -- and pushing out fiber to the home deployments -- first.
“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.”
The companies' full announcement
has a tiny bit of additional detail on Altice's new Sprint-powered wireless MVNO.