Sprint Nextel in Venture With 4 Cable Companies
An AP newswire article, via Yahoo! News, reports that:
Wireless carrier Sprint Nextel Corp. on Wednesday announced a joint venture with four cable operators aimed at bundling voice, data and video services, as the telecommunications industry continues to converge.
The 20-year deal is mutually exclusive for three years, and calls for a $200 million investment from the five firms — $100 from Sprint and a combined $100 million from Comcast Corp., the cable division of Time Warner Inc., Cox Communications Inc. and Advance/Newhouse Communications Inc.
posted by Fergie @ 11/02/2005 06:03:00 AM
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