Charter Communications’ focus on its wireless business
Charter Communications (CHTR) has reportedly moved closer to launching its wireless service, Spectrum Mobile, with the help of its MVNO (mobile virtual network operator) agreement with Verizon (VZ). According to a BGR report, Charter Communications is expected to launch its wireless service on June 30. The new service is expected to offer unlimited data for $45 per month. Its monthly plans are expected to start at $12 per gigabyte.
This move follows Comcast’s (CMCSA) 2017 launch of its wireless service, Xfinity Mobile. Charter Communications has formed a wireless alliance with Comcast to boost each company’s ability to compete in the wireless space.
Charter Communications and Comcast have a reseller agreement that empowers them to launch wireless services using Verizon’s network. Comcast’s Xfinity Mobile wireless operation is based on Verizon’s infrastructure.
Growth in mobile video traffic
The growing focus on the wireless component from media and telecom companies is due to the growth in mobile video traffic. Based on Cisco Systems’ (CSCO) VNI,[1. Visual Networking Index] video could comprise ~77.0% of mobile data traffic in the US by the end of 2020.
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