Pressure From Comcast And AT&T Drives Verizon's Interest In Charter - News Summed Up

Pressure From Comcast And AT&T Drives Verizon's Interest In Charter


The Charter footprint would help them better deliver high-speed internet and video services to customers, as well as help Verizon's eventual roll-out of 5G next-generation wireless services. The combination of Verizon and Charter would give the combined entity an enterprise valuation of around $500 billion. In an earnings call earlier this week, Verizon showed slowing growth in its wireless services, which sent its shares down. Comcast talked up how X1 customers were showing higher usage of high margin video on demand services as well as lower customers support costs. Comcast also spent a lot of time on their earnings call discussing their plans for unveiling their own wireless service in the second half of this year.


Source: Forbes January 26, 2017 16:43 UTC



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