AAPL Stock: 118.03 ( -0.85 )

Printed from

Verizon drops cable/wireless bundle partnership with Comcast, TWC

updated 02:24 pm EDT, Thu October 17, 2013

Changes expected as Vodafone removed from picture

Verizon has reportedly confirmed that it has ended a joint venture with cable companies Comcast, Time Warner and Bright House Networks. In a conference call following the company's quarterly earnings report, Verizon CFO Fran Shammo suggested the partnership was terminated in August in response to developments in technology and changing market conditions.

The wireless carrier initially agreed to the partnership as part of its $3.6 billion purchase of an AWS spectrum license from the cable companies. Customers in certain markets were consequently given options to bundle wireless service with their cable TV bundles from Time Warner and other competitors.

Consumer advocacy groups and Verizon's competitors argued that the spectrum deal and the joint venture may have run afoul of antitrust laws, potentially giving Verizon a dominant share of wireless spectrum while enabling the partners to artificially inflate prices.

Shammo further suggests Verizon will be able to improve its own service bundles, eliminating an "artificial wall" that had been in place between the company's wireless division and its cable and telephone business, according to quotes posted by Deadline. Following the buyout of Vodafone's stake in the wireless business, the company expects to be able to offer "the best product available between wireline and wireless."

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented