updated 01:30 pm EST, Wed November 2, 2005
Nextel, Cable providers
Nextel is teaming up with Comcast, Cox Communications, and Advance/Newhouse Communications to join market each other's products in a deal that will create . The joint venture will offer bundled video, wireless, voice data services, and high-speed Web and cable-phone services at Sprint stores and other retailers, according to a report from Forbes.com. The new deal will create hybrid products that integrate cable services with cellular phones, while the newly-formed partnership is set to investigate the possibility of a new type of high-speed wireless service. "The new Sprint-cable partnerships will forever transform what used to be merely a cell phone into an indispensable third screen in customers' lives," said Gary Forsee, chief executive of Sprint Nextel. Sprint will provide $100 million to fund the project, while the cable companies pool together the other half.