Sprint, Altice announce MVNO agreement

Sprint, Altice USA Announce Strategic MVNO Agreement

OVERLAND PARK, Kan. & NEW YORK — 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.”

Altice USA is one of the nation’s largest broadband communications and video service providers, providing internet, TV, WiFi and phone products under its Optimum and Suddenlink brands. The company is currently building a next-generation fiber-to-the-home network and is the only major U.S. cable provider to have announced a large-scale fiber deployment. Altice USA has more than 4.9 million residential and business customers making the company a strong starting point in Sprint’s efforts to leverage the convergence of the connectivity marketplace. Sprint is working to significantly densify its network through the deployment of small cells and other solutions, with the goal of further improving network performance and the customer experience. Sprint’s Densification and Optimization toolkit includes a variety of solutions from traditional macro towers to small cells including Sprint Magic Box, airpoles, strand mounts and repeaters. With spectrum holdings of 204 MHz of spectrum and more than 160 MHz of 2.5 GHz in the top 100 markets, Sprint has more spectrum capacity than any other U.S. carrier enabling it to keep pace with customer’s growing demand for Unlimited data now and well into the future.