Monday, October 24, 2005

Top cable companies close to Sprint wireless deal-source

A Reuters newswire article by Kenneth Li, via Yahoo! News, reports that:

Three top U.S. cable operators are close to landing a deal with Sprint Nextel Corp. to offer wireless service, one source said, raising the stakes in the cable industry's battle with telephone companies.

Comcast Corp., Time Warner Cable and Cox Communications Inc. could be close to offering cell phone service using Sprint Nextel's network as part of its bundled services, which currently include cable TV, high speed Internet and digital home telephone services.

The deal could be announced as early as November 1, ahead of third quarter earnings reports for two of the three cable companies, the source said.

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